Choice Group Expands its Footprint in Madhya Pradesh

Choice International, a leading business conglomerate through its subsidiaries herein referred to as "Choice Group" has announced its expansion plans in the state of Madhya Pradesh (MP). The group aims to set up offices in every district of the state within the next 2 years, thereby strengthening its presence in the region. Choice International through its subsidiaries has a strong reputation in the market in the major verticals its expansion in Madhya Pradesh, the group expects to provide direct and indirect employment opportunities to over 5000 people within the state. Currently, the group has nearly 15 to 18 percent of the total client base from Madhya Pradesh from cities like Bhopal, Indore, Ujjain, Gwalior and Jabalpur.

In Madhya Pradesh, Choice Group plans to grow its revenue by 300% from the state in the coming two years. The organization aims to enhance its reach in Madhya Pradesh from 5 districts to 55 in the next few years. Choice Group also plans to hire 5000 employees in the region.

Choice Group plans to host free financial education camps across all 23000 gram panchayats of the state with an aim to empower masses on the modern day instruments of savings and investments. For this exercise Choice group would be conducting in person free education seminars across the state with certified trainers.

Commenting on the occasion, Choice International's CEO- Mr Arun Poddar said, "We are quite excited to expand our presence in MP to provide our customers with a convenient and accessible way to access financial services. As an intermediary of financial services, we see this exercise as our responsibility of empower people with the knowledge of financial markets, so that they can access right financial services which are highly transparent and regulated than the traditional savings and investment methods prevalent at the semi urban and rural areas. We see it an important step towards the financial inclusion journey of our nation."

Choice Group provides equity broking, wealth, insurance and loan services through various branches and digital mobile App i.e. ChoiceFinX. The group is committed to providing its customers with a comprehensive range of financial products and services to help them achieve their financial goals. The group is also enhancing digital lending through its Choice Money app, making the loan process completely online and convenient for customers.

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs. 262.60 as compared to the previous close of Rs. 258.30. The total number of shares traded during the day was 159958 in over 213 trades.

The stock hit an intraday high of Rs. 264.20 and intraday low of 257.85. The net turnover during the day was Rs. 41431899.00.

Source : Equity Bulls

Keywords

CHOICEINTERNATIONAL INE102B01014 Expansion MadhyaPradesh