What we do Choice International Ltd is a diversified financial services company offering stock broking, mutual fund distribution, NBFC services, insurance distribution, and advisory including investment banking. |
Founded in 1,993 |
Market share A leading player with pan-India presence and significant growth across broking, NBFC and advisory services. |
Problem solved Facilitates financial inclusion and access to diverse financial products for individuals, MSMEs, and government clients. |
Top clients or who we serve Serves retail investors, MSMEs, government agencies, institutions; mix of B2B, B2C, and B2G clients. |
Key management Mr. Kamal Poddar (Managing Director, Chartered Accountant), Mr. Arun Kumar Poddar (CEO, Chartered Accountant), Mr. Ajay Kejriwal (Executive Director, Chartered Accountant). |
Our journey and innovations Founded in 1993; expanded from broking to NBFC, insurance, and advisory. Key acquisitions enhanced scale with focus on tech-enabled services and financial inclusion. |
Where we operate Operates across India with 210+ branches, 47 project offices, and government advisory presence in 25 states. |
Top products or what we offer Stock broking & distribution, wealth management, mutual fund distribution, NBFC lending to MSMEs, insurance broking, government infrastructure advisory, investment banking. |
Top brands Investica platform, Choice FinX (financial services super app), and subsidiaries like Choice Equity Broking, Choice Finserv, Choice Consultancy Services. |
Raw materials needed Not applicable as a financial services provider. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue is majorly recurring from advisory fees, broking commissions, NBFC loan interest and distribution fees. |
Our industry position Strong competitive positioning with leadership in broking, growing NBFC portfolio, and advisory services across sectors. |
Financial highlights Reported consolidated revenue of ₹921.07 Cr with net profit of ₹162.71 Cr (FY 2023-24). |
Geographical revenue split Revenue primarily from Indian operations with pan-India client base. |
Order book Advisory order book stands at ₹748 Cr with steady government contracts and infrastructure projects. |
Whats driving growth Growth driven by expanding retail broking clients, NBFC loan portfolio, wealth AUM growth, insurance distribution, and government advisory mandates. |
Our future plans Plans include scaling financial products reach, increasing tech adoption, expanding NBFC footprint, and growing advisory services. |
Our green promise Committed to sustainability via green office spaces, energy-efficient operations, and ESG-aligned policies. |
Our people and values Employs over 5,300 staff, values commitment, honesty, innovation, empowerment; emphasizes diversity and employee engagement. |
Key challenges ahead Market volatility, regulatory compliance, credit risks in NBFC operations, competition in financial services distribution. |
Interesting facts Successfully executed 88x oversubscribed IPO mandates; First mover in tech-driven financial advisory and broking services integration. |
Risks and strategy Mitigates risks via diversified services, strong compliance, prudent credit checks and continuous technological upgrade. |
