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Choice International Limited has announced multiple acquisitions adding ₹635 crore in assets under management to its wealth management division. The Mumbai-based financial services group entered definitive agreements to acquire distribution businesses from Fintoo Group, Glory Prime Wealth and four Himachal Pradesh-based mutual fund distributors. The shares of Choice International Limited were trading on the NSE today at ₹815.50 down by ₹4.80 or 0.59 per cent at 12.55 pm. The Fintoo acquisition, operating through Mihika Financial Services and Mihika Insurance Marketing Firm, brings ₹300 crore in AUM and includes distribution of wealth products, insurance, alternative investment funds and portfolio management services. The deal also transfers Fintoo’s client portfolio, team, IT systems and infrastructure to Choice. Glory Prime Wealth Private Limited, a Pune-based distributor managing ₹210 crore in assets, adds to Choice’s presence in western India. The company also formed a strategic association with four Himachal Pradesh distributors who merged their operations, contributing ₹125 crore in AUM. These acquisitions follow Choice’s recent purchase of Arete Capital Services, which added ₹5,151 crore in AUM. The company’s total wealth management assets have grown from approximately ₹1,000 crore to over ₹6,800 crore, representing nearly seven-fold growth. Group CEO Arun Poddar stated the acquisitions align with the company’s strategy to build a tech-driven, multi-channel wealth platform serving high-net-worth and institutional investors. Choice International operates 211 branches and serves over 14 lakh clients through 63,000 business associates. More Like This Published on October 23, 2025
