Choice International expands footprint in Kerala; stock climbs ~2%

9 Jun 2023 , 12:09 PM

Choice International Limited announced the expansion of its operations in Kerala. The company is committed to expanding its regional presence and providing exceptional financial services to its valued customers.

Choice Group plans to expand its office network to 300 and onboard 200,000 clients by 2025, after already serving over 76,000 satisfied customers in Kerala through 153 offices.

Choice Group has been operating actively in Kerala for over 29 years and has established a strong presence in the state’s major districts. In 2018, the group acquired Inditrade, formerly known as JRG Securities in Kerala, further solidifying its position.

Recognizing the enormous growth potential in these areas, the company is now committed to expanding its services and reaching tier 2 to tier 6 cities. Choice Group has already formed partnerships with three professional colleges in Kerala to facilitate this expansion plan, ensuring a skilled workforce to fuel growth.

Choice Group is proud of its extensive network of branches, franchises, and Choice Business Associates (CBA) throughout Kerala. It operates a network of 138 active franchisees and 15 direct branches in key towns of the state.

Furthermore, Choice Group has a track record of providing industry-standard commissions to partners and ensuring prompt pay-outs, resulting in strong and mutually beneficial relationships.

At around 12.06 PM, Choice International was trading 1.82% higher at Rs 383.70, against the previous close of Rs 376.85 on NSE.

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