Company History - Choice International
YEAR EVENTS
1993 - The Company was incorporated on 12th March, as Public Limited
Company in the name of Choice Financial Services Limited in
the
State of Maharashtra. The Company obtained its certificate
of
Commencement of business on March 30. The company has been
providing marketing and advisory services in the capital
market
with its main focus on non-fund based activities.
- The Company is registered with Securities and Exchange Board
of
India (SEBI) as a Category IV Merchant banker w.e.f. 16th
September.
- The Company is engaged in various financial services
especially
in the fields of Loan Syndication, Corporate Advisory
services,
Merchant banking, placement of Equity and debt etc. The
Company
has recently started treasury, leasing and investment
activities.
- The Company has been approved by SEBI as Category IV Merchant
Banker with effect from October 8th. The company has since
then
been independently handling Public and Rights Issues as
Advisors.
- The Company has been appointed as Advisors to the issue for
public issues of 12 companies.
1994 - The Company has a subsidiary company incorporated on 2nd
December, viz. Utkristh Finance Ltd. The Company holds 99.78%
shares in its subsidiary company having a paid-up capital of
Rs.98,500. The balance 0.22% shares are held by its Managing
director and employees.
1995 - The Company made its maiden Public issue of 15 lacs Equity
shares
of Rs. 10/- each at par aggregating Rs.150 lacs on 30th
October.
The issue of the Company was oversubscribed despite the
adverse
market conditions.
1997 - The Company diversified into trading of Electronic devise and
the
name of the Company was changed to Choice International
Limited
12th November.
(No news for 98,99)
2000
-The Company has entered into a contract with M/s. Tri-Trac
Technologies Pvt. Ltd.
-Choice Hotels International has taken stake in Quality Inns India
2001
-The Company has signed a joint venture agreement for a period of two
years with Oak Brook Technologies, US, in the area of SAP
implementation services.
2007
-Shri. Hansraj Goyal has been appointed as a Managing Director.
-Registered office of the Company has been changed from 624,
Corporate Park, Nirmal Life Styles, L.B.S Marg, Mulund (W), Mumbai to
Office No 305, A P Market, Dr. C H Street, Behind Parsi Diary, Marine
Lines, Mumbai.
2008
-Shri. Kamal Poddar has been appointed as a Managing Director.
-Registered office of the Company has been shifted to
A-8, Narayan Plaza, 1st Floor,
26-A, Chandivali Road,
Opp Saki Vihar Road
Andheri (E) Mumbai- 400 072
Tele No. 022 28477003/04
Fax No. 022 28470511.
2009
-Registered office of the Company shifted from A/8, Narayan Plaza,
1st Floor, 26- A, Off Saki Vihar Road, Chandivali, Andheri (East),
Mumbai - 400072 to 202, Chartered House, Dr. C H Street, Dhobi Talab,
Marine Lines, Mumbai - 400002.
-The Board has recommended final dividend of 10 paisa per equity
share of Rs 10/- each.
2010
-The Board has recommended final dividend of 5% i.e. 50 paisa per
equity share.
2011
-The Registered Office of the Company from 202,' Chartered House, Dr.
C. H. Street, Marine Lines, Mumbai - 400 002 to Shree Shakambhari
Corporate Park, Plot No. 156-158, J. B. Nagar, Andheri (East), Mumbai
- 400 099.
-The Board has recommended the Final Dividend @ 10% i.e. Rs. 1/- per
Equity Share.
2013
- The Board has considered and recommended the Final Dividend @ 10%
i.e. Re. 1/- per Equity Share.
2014
- The Board has considered and recommended the Final Dividend @ 10%
i.e. Re. 1/- per Equity Share.
2015
-Launched Mobile Trading Platform Index and HTML5 web trading
platform Investica
2017
-Launched the Mutual Funds Investment Web and App Investica
2018
-Acquisition of Retail Broking Business of Pune based NG Rathi Group
by Choice Broking.
2020
-Acquisition of Mutual Fund Distribution Business of Bank Bazaar by
our Step-Down subsidiary M/s. Choice Wealth Management Pvt. Ltd.
2022
-The Company has issued Bonus Shares in the Ratio of 1:1.
-The company issued rights shares of Rs. 10 in the ratio of 1:4 at a
premium of Rs. 41 per share.
