Choice International secures public sector projects worth Rs 63.47 crore in Maharashtra and Odisha
Choice International Limited's subsidiary, Choice Consultancy Services, has secured two major public sector mandates with a combined estimated value of ₹63.47 crore (inclusive of GST). These wins mark a significant step in the company's public sector engagement strategy.
The first project, valued at ₹52.80 crore, has been awarded by the Maharashtra Institution for Transformation (MITRA) under the World Bank-supported MahaSTRIDE program. It involves setting up District Strategic Units in the Chhatrapati Sambhajinagar Division to support data-driven decision-making and institutional growth over a five-year period.
The second project win is in Odisha, where Choice emerged as the top-ranked bidder for engineering consultancy services across 58 urban local bodies. The ₹10.67 crore engagement, initiated by SUDA under the Housing and Urban Development Department, focuses on improving urban infrastructure planning over two years.
CEO Arun Poddar emphasized the strategic importance of these contracts, aligning with India's digital and institutional modernization goals. Choice's involvement in these initiatives underlines its role in high-value public development execution.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
10 hours ago
- Business Upturn
Titagarh Rail Systems Q1 Results: Revenue falls 24.8% YoY to 679 crore, Net profit falls 53.8% YoY
Titagarh Rail Systems reported a sharp decline in earnings for the quarter ended June 30, 2025, with consolidated net profit dropping 53.8% year-on-year (YoY) to Rs 30.94 crore, compared to Rs 67.01 crore in the same quarter last year. On a sequential basis, profit also fell from Rs 64.65 crore in Q4 FY25. Revenue from operations stood at Rs 679.30 crore, down 24.8% YoY from Rs 903.05 crore in Q1 FY25 and 32.4% lower than Rs 1,005.57 crore in Q4 FY25. Total income for the quarter came in at Rs 690.95 crore, compared to Rs 915.34 crore in the year-ago quarter and Rs 1,035.43 crore in the previous quarter. Total expenses declined to Rs 633.96 crore in Q1 FY26 from Rs 820.88 crore in the corresponding quarter last year and Rs 934.34 crore in Q4 FY25. Cost of raw materials and components consumed stood at Rs 500.33 crore, while employee benefits expense was Rs 26.32 crore. Finance costs were Rs 17.84 crore, and depreciation and amortisation expense was Rs 11.92 crore. Profit before tax from continuing operations fell to Rs 45.96 crore from Rs 90.11 crore in Q1 FY25 and Rs 92.25 crore in Q4 FY25. The company's total tax expense came in at Rs 14.27 crore, compared to Rs 24.42 crore in the year-ago quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
14 hours ago
- Business Upturn
'TREASURES of INDIA', Poonam Soni Brings Artisanal Craftsmanship Under One Roof
By Business Wire India Published on August 11, 2025, 15:32 IST Poonam Soni started the concept of bespoke jewels in 1989. Thirty-six years later, she is a pioneer in the field. Now, Soni and her daughter, Kriti, bring to you the many styles of craftsmanship in jewelry from different states of India under one roof—reviving the rich heritage of Indian legacy for the jewelry consumer. Business Wire India Poonam Soni started the concept of bespoke jewels in 1989. Thirty-six years later, she is a pioneer in the field. Now, Soni and her daughter, Kriti, bring to you the many styles of craftsmanship in jewelry from different states of India under one roof—reviving the rich heritage of the Indian legacy for the jewelry consumer. 'The Treasures of India' is being launched on 13th and 14th of August for jewelry lovers of Indian heritage. The pieces have been produced in eight different cities. The collection will showcase gold in its tribal glory, diamonds in different cuts of flats, precision rose cuts, and full shimmers studded in different styles unique to their cities. Large carved emeralds, along with cabochons and cuts have been mounted in traditional settings of 'nakshis' and enamels. The focus is on India's rich legacy of artisanship. 'We have gone into the interiors to unravel and create jewelled treasures for you,' says Poonam Soni. The luxury designer now focuses on crafts and plans to take this collection to New York next year. Always ahead of her time, Soni was one of the early designers of luxury jewelry in India in 1989. Now she creates a melange of Indian crafts under her new venture: Jewels Eleven. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Entrepreneur
15 hours ago
- Entrepreneur
Private Equity Eyes Inclusive Growth Amid Digital and Market Transformations
For private equity (PE) and impact firms like Leapfrog, these trends are shaping their investment strategy for the foreseeable future. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Emerging markets are undergoing a rapid transformation in access to essential services, driven by both rising demand and expanding digital infrastructure. According to the World Bank's Global Findex 2025 survey, financial inclusion has advanced at an unprecedented pace, with 40 per cent of adults in developing economies now saving through financial accounts, a 16-percentage-point increase since 2021. Mobile-money adoption has been a key driver, with 10 per cent of adults using such accounts to save, underscoring the role of technology in bridging service gaps for low- and middle-income populations. For private equity (PE) and impact firms like Leapfrog, these trends are shaping their investment strategy for the foreseeable future. Pranav Kumar, Partner at Leapfrog Investments, said that the demand from low and middle-income customers for essential services like financial services and healthcare (such as mortgage, small business loans, or diagnostics) is large and still underserved. On the supply side, the key trends like digitization (and now AI), smartphones, and public digital infrastructure have allowed smart-driven entrepreneurs to build solutions to serve this demand at low cost. "Patient and operationally active equity capital such as ours will continue to play an important role in enabling these entrepreneurs and management teams. The increasing depth and sophistication of capital and IPO markets, enabling exits, will continue to encourage equity capital in the private space," said Kumar. Bain & Company reports that in 2024, India was the largest exit market in the Asia-Pacific region, with IPO exit values up 78 per cent year-on-year. S&P Global data further indicates a 156 per cent jump in private equity exits in India over the same period, even as new deal volumes eased. Such trends suggest that patient, growth-oriented capital can now be recycled more efficiently, encouraging deeper investment in high-impact sectors. Leapfrog has announced two successful exits in recent months, the first being Fincare Bank exited through block deals. The firm also sold its majority stake in Goodlife Pharmacy, East Africa's largest pharmacy platform, to CFAO. "Our strategy has been to partner with quality management teams, fund and execute growth through economic cycles, and aggressively leverage technology to drive economics," said Kumar. Kumar added that the firm remains upbeat about the sustained long-term growth of Indian businesses supported by a resilient Indian economy and a deep capital market. "However, it is important to identify resilient business models and high-quality partners. We will continue to back businesses that deliver commercial returns alongside achieving tangible social impact to the underserved population and small businesses."
