Acquisitions23 Oct 2025, 10:55 am
Choice International Expands Aggressively in Wealth Management via Multiple Acquisitions, Adding ₹635 Crore AUM
AI Summary
Choice International Limited, a leading diversified financial services group, has announced a series of strategic acquisitions to strengthen its wealth management business. The acquisitions include the distribution business of Fintoo Group and Glory Prime Wealth Private Limited, and a strategic business association with four mutual fund distributors in Himachal Pradesh. These initiatives will contribute an incremental AUM of approximately ₹635 crores to Choice’s wealth management business.
Key Highlights
- Acquisition of Fintoo Group's distribution business, contributing an incremental AUM of approximately ₹300 crores
- Acquisition of Fintoo’s insurance distribution business, enhancing Choice’s presence in Western India
- Acquisition of Glory Prime Wealth Private Limited’s distribution business, broadening Choice's client base among affluent and emerging affluent investors
- Formation of a strategic business association with four mutual fund distributors in Himachal Pradesh, contributing an additional AUM of ₹3125 crores
- Focus on building a tech-driven, multi-channel wealth platform, integrating Fintoo and Glory Prime’s strong distribution network