Choice International adds Rs 6.35 Bn AUM Through Strategic Acquisitions

24 Oct 2025 CW Team

Choice International Limited, one of India’s leading diversified financial services groups, has announced a series of strategic acquisitions to accelerate its growth in the wealth management segment.

Through its subsidiaries, Choice has entered into definitive agreements to acquire the distribution business of the Fintoo Group, including Wealth Products, Insurance Products, Alternative Investment Funds (AIFs), and Portfolio Management Services (PMS) managed under Mihika Financial Services Pvt Ltd and Mihika Insurance Marketing Firm LLP. This acquisition adds an incremental Rs 3.0 billion to Choice’s AUM and includes Fintoo’s client portfolio, team, IT systems, and infrastructure.

Further expanding its reach, Choice has acquired Pune-based Glory Prime Wealth Pvt Ltd, which manages an AUM of Rs 2.1 billion, strengthening its presence across Western India. Additionally, the company has partnered with four mutual fund distributors in Himachal Pradesh, contributing another Rs 1.25 billion to its AUM.

Collectively, these moves add Rs 6.35 billion to Choice’s total AUM and underline its aggressive expansion in wealth management.

Commenting on the development, Arun Poddar, Group CEO, Choice International Limited, said, “These acquisitions align with our strategy to strengthen our wealth management value chain. Fintoo’s digital-first approach and Glory Prime’s robust franchise will help us create a scalable, integrated platform delivering superior value to investors. We will continue exploring synergistic opportunities to enhance our leadership in this space.”

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..