Choice international limited
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| Company type | Public |
|---|---|
| ISIN | INZ000160131 |
| Industry | Finance |
| Founded | 2008 |
| Founder | Sunil Kumar Patodia |
| Headquarters | Mumbai, Maharashtra |
Key people |
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| Services |
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Number of employees | 2,500 (2021) |
| Subsidiaries |
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| Website | choiceindia |
Choice International is an Indian diversified financial services company based in Mumbai. It provides a range of products including stock broking, investment management, insurance, advisory services and loans to individual and corporate client primarily in India.
The business is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India. It is a depository participant with Central Depository Services Limited (CDSL).
History
[edit]The company was founded in 2008 by CA Sunil Kumar Patodia who managed the company until his death in February 2022. As of 2022[update], the company has been led by Kamal Poddar, the managing director of the Company.[1] The Holding company "Choice International Limited" is Listed on the Main Board Platform of both BSE & NSE.[2]
2010–2011
[edit]- Received Equity & Commodity Broking License for the trading arm of Choice Equity Broking Pvt. Ltd.
- Registered at SEBI and received a license for xyz
2015–2018
[edit]- Launched Investica, the Mutual Fund arm of the group. Acquired the Insurance Business of Satyan Insurance.
- Re- Introduced the Stock Market Mobile Trading Web and App – Jiffy Known as Choice FinX (Formerly Choice Index) started in 2015.
- Started Choice Connect as a platform for Insurance broking.
- * Acquired Kochi-based Inditrade Capital's[3]
- Stock Broking Business and Pune-based NG Rathi Group's[4] Stock Broking & Commodity Units
2020–2022
[edit]- Acquired the mutual fund distribution business of Bank Bazaar.[5]
- Acquired New Delhi based Escorts Securities Ltd.[6] and the Mutual Funds distribution business of CentCart.[7]
Management
[edit]- Vinita Sunil Patodia - Non Executive Non Independent Chairman
- Kamal Poddar - Managing Director
- Suyash Sunil Patodia - Joint Managing Director
- Arun Kumar Poddar - Executive Director & CEO
- Ajay Kejriwal-Executive Director
- Ashok Kumar Thakur - Independent Director
- Kanhaiyalal Berwal - Independent Director
- Subodh Kumar Agarwal - Independent Director
- Sudha Bhushan - Independent Director
- Sandeep Singh- Independent Director
- Sobhag Mal Jain – Independent Director
References
[edit]- ^ "Choice International aims over 30-40% annual growth over next 2-3 years: Kamal Poddar". Economics Times. 31 May 2023.
- ^ "BSE-listed Choice International starts trading on NSE". Free Press Journal. 8 April 2022.
- ^ "Choice Broking to acquire Inditrade equity broking biz for Rs 32 cr". The Hindu Business Line. 18 May 2018.
- ^ "Choice Broking to acquire NG Rathi Group's stock-broking, commodity units". Money Control. 7 September 2018.
- ^ "Choice International buys Bank Bazaar's MF distribution business". thehindubusinessline. 12 October 2020.
- ^ "Choice Broking to acquire Escorts Securities for Rs 13 cr". Economics Times. 8 April 2021.
- ^ "Choice Group takes over MF distribution biz of Centcart". Live Mint. 13 October 2021.