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Choice International to Acquire Remaining 50% Stake in Choice Insurance for ₹62.5 Crore
Choice International Limited has received IRDAI approval to acquire the remaining 50% equity stake in its subsidiary, Choice Insurance Broking India Private Limited. The company is purchasing 6,60,000 shares at ₹947 per share for a total cash consideration of ₹62.50 crore. Following this transaction, Choice Insurance will become a wholly-owned subsidiary of the company. The target entity has shown significant growth, with its turnover rising from ₹6.08 crore in FY23 to ₹88.59 crore in FY25.
Key Highlights
Acquisition of 6,60,000 equity shares at ₹947 per share, totaling ₹62.50 crore
Choice Insurance Broking becomes a 100% Wholly Owned Subsidiary post-acquisition
Target entity reported a turnover of ₹88.59 crore and net worth of ₹19.66 crore for FY25
Insurance broking revenue grew exponentially from ₹6.08 crore in FY23 to ₹88.59 crore in FY25
Necessary regulatory approval from IRDAI has been successfully obtained
💼 Action for Investors
This consolidation of a high-growth insurance vertical is a positive strategic move. Investors should monitor the impact on consolidated margins as the company gains full control over the subsidiary's cash flows.
Choice International Subsidiary Declared Successful Bidder for Feedback Infra via IBC
Choice International's material subsidiary, Choice Consultancy Services Private Limited (CCSPL), has been declared the Successful Resolution Applicant for Feedback Infra Private Limited. The Committee of Creditors (CoC) has approved the resolution plan with a requisite majority and issued a Letter of Intent (LOI) to CCSPL. This acquisition, conducted under the Insolvency and Bankruptcy Code (IBC), marks a significant expansion for Choice's consultancy vertical. Final implementation remains subject to approval from the National Company Law Tribunal (NCLT) and other regulatory bodies.
Key Highlights
Material subsidiary CCSPL declared as the Successful Resolution Applicant for Feedback Infra Private Limited.
Letter of Intent (LOI) received following CoC approval under the Insolvency and Bankruptcy Code, 2016.
The acquisition is pending final approval from the Hon’ble National Company Law Tribunal (NCLT).
Strategic move to scale the company's consultancy business through inorganic growth.
💼 Action for Investors
Investors should watch for upcoming disclosures regarding the financial consideration of the bid and the expected timeline for NCLT approval. The successful integration of Feedback Infra's assets could provide a substantial boost to Choice International's service portfolio and revenue.
Choice International Acquires 51% Stake in Fintoo Wealth for Rs 10 Crore
Choice International Limited has completed the acquisition of a 51% controlling stake in Fintoo Wealth Private Limited for a total consideration of approximately Rs 10 crore. Fintoo Wealth is a SEBI-registered Investment Adviser that operates an AI-driven digital platform for goal-based financial planning. This strategic move is intended to bolster Choice's technology-driven wealth management segment and create cross-selling synergies. While the target's current turnover is modest at Rs 25 lakhs, the acquisition provides Choice with advanced digital advisory capabilities.
Key Highlights
Acquisition of 51% equity stake (5,20,408 shares) at a price of Rs 192.15 per share.
Total cash consideration for the transaction is INR 9,99,96,397.
Target entity Fintoo Wealth reported a turnover of Rs 25 lakhs and a net worth of Rs 27.62 lakhs for FY25.
The acquisition has received the necessary regulatory approval from SEBI.
Fintoo Wealth operates as an AI-based digital advisory platform for comprehensive financial planning.
💼 Action for Investors
Investors should monitor how Choice International integrates this AI-driven platform to scale its wealth management business. This acquisition is a positive step toward digitizing their advisory services and could improve long-term fee-based income.
Choice International Q3 FY26 PAT Surges 114% YoY to Rs 65.6 Cr; Revenue Up 46%
Choice International reported a stellar Q3 FY26 with revenue growing 46% YoY to Rs 308.6 Cr and PAT more than doubling to Rs 65.6 Cr. The company's EBITDA margins expanded significantly by 875 bps to 37.92%, driven by strong performance across its stock broking, advisory, and NBFC segments. Key growth drivers included a 328% surge in Wealth AUM to Rs 4,662 Cr and the strategic acquisition of wealth distribution businesses. The operational commencement of its AMC business and a new partnership with India Post Payments Bank further strengthen its long-term growth outlook.
Key Highlights
Net Profit (PAT) jumped 113.5% YoY to Rs 65.62 Cr, while Revenue grew 45.9% to Rs 308.6 Cr.
EBITDA margins saw a massive expansion of 875 basis points YoY, reaching 37.92%.
Wealth management AUM witnessed a staggering 328% YoY growth, reaching Rs 4,662 Cr.
Strategic expansion via acquisitions of Fintoo Group, Glory Prime Wealth, and Ayoleeza Consultants.
Advisory segment maintains a strong order book of Rs 748 Cr and NBFC loan book reached Rs 756 Cr.
💼 Action for Investors
The company is demonstrating high-growth momentum with significant margin expansion and successful diversification into AMC and wealth management. Investors should monitor the integration of recent acquisitions and the scalability of the IPPB partnership as key future catalysts.
Choice International Q3 PAT Surges 114% YoY to ₹656 Mn; Wealth AUM Jumps 328%
Choice International Limited reported a stellar performance for Q3 FY26, with consolidated PAT rising 114% YoY to ₹656 million and revenue increasing 46% to ₹3,086 million. The company's Wealth Management segment saw an explosive 328% YoY growth in AUM to ₹46,622 million, significantly aided by the acquisitions of Fintoo Group and Glory Prime Wealth. The Broking division continues to expand its footprint with 1.23 million Demat accounts, while the Advisory arm maintains a robust order book of ₹7.48 billion. Financial health remains strong with an NBFC loan book of ₹7.56 billion and a high CRAR of 50.53%.
Key Highlights
Q3 FY26 Revenue grew 46% YoY to ₹3,086 million, while EBITDA rose 90% to ₹1,170 million.
Wealth Products AUM skyrocketed 328% YoY to ₹46,622 million following strategic acquisitions in Western India.
Demat accounts reached 1.23 million, a 24% YoY increase, with 86% of clients coming from Tier II cities and below.
The Advisory segment holds a strong order book of ₹7.48 billion with ongoing IPO mandates worth ₹97 billion.
NBFC segment reported a total loan book of ₹7.56 billion with a Net NPA of 2.83% and a Provision Coverage Ratio of 24.85%.
💼 Action for Investors
Investors should view the strong triple-digit PAT growth and aggressive wealth management expansion as highly positive indicators of the company's scaling capabilities. Monitor the successful integration of recent acquisitions and the company's ability to maintain margins as it targets presence in every Indian district over the next three years.
Choice International Approves Q3 and 9M FY26 Un-Audited Financial Results
Choice International Limited's Board of Directors met on February 03, 2026, to approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The meeting, which lasted approximately two hours and forty-five minutes, concluded with the adoption of the financial statements and the Limited Review Report from the auditors. This filing represents a key regulatory milestone for the third quarter of the 2025-26 fiscal year. Investors should now examine the detailed financial annexures to evaluate the company's operational performance and growth trajectory.
Key Highlights
Approval of un-audited standalone and consolidated financial results for Q3 FY26.
Results cover the nine-month period ending December 31, 2025.
Board meeting commenced at 1:00 P.M. and concluded at 3:45 P.M. on February 03, 2026.
Audit Committee reviewed and recommended the results prior to Board approval.
Limited Review Report from the Statutory Auditors has been submitted to the exchanges.
💼 Action for Investors
Investors should review the specific revenue and profit figures in the detailed financial tables to assess the company's health. Compare these results against previous quarters to identify trends in the financial services segment.
Choice Wealth Bags Strategic IPPB Contract to Serve 11.67 Crore Customers
Choice International's step-down subsidiary, Choice Wealth, has secured a landmark contract from India Post Payments Bank (IPPB) to act as a Mutual Fund Aggregator and Investment Service Provider. This partnership allows Choice to leverage IPPB's massive network of 1.64 lakh banking access points and its customer base of approximately 11.67 crore people. The company will deploy a comprehensive digital platform offering mutual fund services and robo-advisory solutions across 650 districts. This strategic move is expected to significantly scale Choice's distribution reach and contribute to long-term growth in its wealth management business by targeting underserved rural and semi-urban markets.
Key Highlights
Choice Wealth to serve as Mutual Fund Aggregator for IPPB's 11.67 crore customer base.
Access to IPPB's network of 1,64,237 banking points and 1.86 lakh field staff across 650 districts.
Platform will provide online Mutual Fund aggregation and Robo-Advisory services via mobile and mATM devices.
Choice International currently serves 14 lakh+ clients with a network of 58,000+ business associates.
💼 Action for Investors
This partnership is a significant growth catalyst that provides Choice with unparalleled access to India's rural and semi-urban markets. Investors should monitor the execution of this rollout and the subsequent growth in Assets Under Management (AUM) from this new channel.
Choice International Allots 79.88 Lakh Shares on Warrant Conversion; Raises ₹179.72 Crore
Choice International Limited has completed the conversion of its final batch of warrants, allotting 79,87,667 equity shares to Plutus Wealth Management and Soansrishti Properties. The company received the remaining 75% consideration for these warrants, amounting to approximately ₹179.72 crore at a conversion price of ₹300 per share. With this allotment, the total 2.31 crore warrants issued in June 2024 are now fully converted, and no warrants remain outstanding. The total paid-up equity share capital of the company has increased to ₹222.78 crore, consisting of 22.28 crore shares.
Key Highlights
Allotment of 79,87,667 equity shares at a conversion price of ₹300 per share
Total capital raised in this final tranche amounts to ₹179.72 crore
Plutus Wealth Management LLP was allotted 66,66,667 shares; Promoter group entity received 13,21,000 shares
Total paid-up capital increased to ₹222.78 crore across 22.28 crore shares
100% of the 2.31 crore warrants issued in June 2024 are now fully converted with zero outstanding
💼 Action for Investors
Investors should note the successful capital infusion and the completion of the warrant conversion cycle, which reflects strong commitment from both institutional and promoter groups. The fresh capital strengthens the company's balance sheet for future growth, though the resulting equity dilution is now fully reflected in the share capital.