- Choice International Ltd. is a leading financial conglomerate with over a decade of expertise in tech-led services.
- It is ranked 5th among the top full-service broking firms in India.
- The company has a presence in 109 offices across India.
- They have a strong research desk catering to both institutional and retail investors.
- With 160+ in-house tech experts, they are at the forefront of technology in the financial sector.
- Choice International has a focus on MSME lending with a robust tech-led underwriting process.
- They are preferred advisors for various government mission projects.
- The company boasts a wide network with 33,000+ business associates.
- Their PAN India presence serves a clientele of 925,000+.
- In terms of financials, their broking and distribution segment has a 27% share with 768,000 demat accounts and Rs. 311 billion in AUM.
- Insurance makes up 30% of their business with 8,755 policies sold.
- Advisory services are a significant part of their operations, covering government infrastructure consulting, advisory, and investment banking.
- They have a presence in over 10 states with an order book of Rs. 5.45 billion.
- In the NBFC sector, they have a total loan book of Rs. 4.74 billion with a strong provision coverage ratio.
- Choice International has a retail loan book of Rs. 2.05 billion.
- Their H1 FY24 financials show substantial growth in revenue, EBITDA, and PAT.
- In Q2 FY24, segment revenue for broking services, advisory services, and NBFC services has shown significant growth.
- The stock broking industry is showing steady growth, and Choice International is focused on tier 3 and below geographies.
- Their financial services super app, ChoiceFinX, offers a wide range of services, including research and analysis.
- They have served 44 million+ API requests per day with an average daily user engagement of 4 hours and 7 minutes.
- The company is expanding its PAN India reach and client demographic with consistent growth in market share.
- They are committed to offering simple user interfaces, research, in-app curated baskets, and diverse investment products.
- Choice International is implementing upcoming enhancements, including margin trading facilities.
- They are growing their mutual fund AUM and have seen progressive growth in SIP book.
- Their folios have expanded as investor participation surged, and they are focusing on financial planning.
- The company has a range of allied products to maximize portfolio growth.
- They have a strong presence in the insurance sector, with a focus on distribution and covering a wide range of clients.
- Their employees are dedicated to serving marquee clients in the insurance sector.
- In the NBFC sector, they are empowering MSMEs through retail lending with tailored products.
- Their loan portfolio is diversified, and they have implemented robust underwriting processes.
- Choice International's net interest margin has expanded, and they have a wide geographical reach.
- They have a high percentage of loans advanced towards MSMEs and green energy projects.
- The company has a significant presence in advisory services, working with various government bodies and projects.
- They have a diverse talent pool of professionals from different sectors.
- Clients include the World Bank and other prominent institutions.