Choice International Subsidiaries Secure ₹55 Crore Projects
Filing Summary
Choice International Ltd’s subsidiaries have secured multiple development projects valued at approximately ₹55 crores. The projects span various sectors, including government school infrastructure, agriculture, media monitoring, highway infrastructure, municipal services, IT surveillance, and GST reform impact services. These projects involve entities such as the Department of Public Instruction, Karnataka, and the Ministry of Road Transport & Highways, Government of India. The engagements are set to be executed over periods ranging from 2 to 84 months, with each project having specific financial and operational terms.
Choice International Ltd has announced that its subsidiaries, Choice Consultancy Services Private Limited (CCSPL), Choice Capital Advisors Private Limited (CCAPL), and Ayoleeza Consultants Private Limited (ACPL), have secured development projects across various sectors. The total value of these projects is approximately ₹55 crores, inclusive of GST. The projects cover areas such as government school infrastructure, agriculture, media monitoring, highway infrastructure, municipal services, IT surveillance, and GST reform impact services.
The financial terms of these projects vary, with the largest contract being the preparation of a Detailed Project Report (DPR) for school infrastructure in Karnataka, valued at ₹17,86,00,000. Other significant contracts include the computerization of Primary Agricultural Credit Societies in Karnataka for ₹11,43,55,932 and the establishment of a Media Monitoring Centre in Maharashtra for ₹9,98,28,000. Each project includes specific financial considerations and is inclusive of GST.
Operationally, the projects involve a range of services. CCSPL will prepare a DPR for approximately 800 government schools in Karnataka, digitize 1,083 Primary Agricultural Credit Societies, and establish a Media Monitoring Centre in Maharashtra. ACPL will provide project supervision services for railway infrastructure in Hyderabad and prepare a DPR for highway infrastructure in Maharashtra. CCAPL will support the setup of the Assam Industrial and Green Growth Fund. Each project has detailed operational deliverables, including site surveys, technical designs, and system integration.
The timelines for these projects vary. The school infrastructure DPR in Karnataka is to be completed in 2 months, while the computerization of agricultural societies will take 15 months. The Media Monitoring Centre in Maharashtra is scheduled for 18 months, and the highway infrastructure DPR in Maharashtra is set for 15 months. The longest project, the Assam Industrial and Green Growth Fund setup, spans 84 months. Each project has specific execution periods outlined in the contracts.
The entities involved in these projects include the Department of Public Instruction, Karnataka, the Directorate General of Information & Public Relations, Maharashtra, and the Ministry of Road Transport & Highways, Government of India. Each entity has awarded contracts to the subsidiaries of Choice International Ltd, with specific roles and responsibilities defined for each project. The subsidiaries are tasked with consultancy, system integration, and project supervision services.
These projects align with the strategic focus of Choice International Ltd on expanding its consultancy and advisory services across various sectors. The engagements involve collaboration with government departments and public sector enterprises, emphasizing the company’s role in supporting infrastructure development and digital transformation initiatives. The projects are not related party transactions, and no promoters or group companies have any direct or indirect interest in the awarding entities.
Choice International Ltd is a diversified financial services and consulting group with regulatory registrations from SEBI, RBI, IRDAI, and others. The company provides a range of services, including government advisory, capital market services, and infrastructure consulting. With a nationwide presence, Choice International Ltd continues to expand its footprint in the financial and consulting sectors.