Choice International’s wholly owned subsidiary -- Choice Finserv has opened its new Business Operations Centre in Jaipur along with the opening of its several new branches (Vaishali Nagar; Mansarovar ; Malviya Nagar - Jaipur); Sikar; Jhunjhunu ; Bhilwara ; Chittorgarh ; Jhalawar ; Udaipur ; Bundi ; Kota; Ajmer; Rajsamand on February 1, 2023 reaching to total tally of 12 Branches in Rajasthan and 27 Branches across 4 States. The new offices will offer a wide range of financial services, including loans to MSMEs, vehicle loans, supply chain finance and solar financing.
The organization aims to enhance its reach in Rajasthan from 12 districts to 30 and open more than 30 branches in the state in the next few years. Choice Group also plans to hire 4000 employees in the region.
Choice Finserv has seen significant growth in its loan book over the past few years. FY23 is expected to see a closing of around Rs 350 core Assets Under Management (AUM), retail loan disbursements at around Rs 120 crore till March 2023. The next two years (FY. 23-24 & 24-25) are expected to see this number cross Rs 600 crore AUM nationally. This growth can be attributed to the increasing demand for credit from both individuals and businesses in India.
Choice International offers services in area of project financing, assisting in raising funds by equity or debt routes, debt structuring, private equity, acquisitions, long term strategic planning, turnaround and structuring and joint ventures, divestitures and takeovers.
Company Name | CMP |
---|---|
ICICI Securities | 730.50 |
Angel One | 2819.00 |
Motilal Oswal Fin | 2600.65 |
Share India Sec. | 1686.00 |
SMC Global Sec. | 147.70 |
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