India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,009 Arunkumar Poddar & family ₹2,700 Cr
- #1,009 Kamal Poddar & family ₹2,700 Cr
Revenue · FY 2024
₹86.85 Cr
▲ 85% YoY
Net profit · FY 2024
₹1.34 Cr
Net margin 1.5%
EBITDA · FY 2024
₹12.81 Cr
EBITDA margin 14.7%
Authorised capital
₹106.6 Cr
Registered with MCA
Paid-up capital
₹102.75 Cr
Issued & subscribed
Open charges
₹861.12 Cr
Satisfied ₹264.55 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
699
Provident fund records
About Choice Finserv Private Limited
Data last updated:
Choice Finserv Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Choice International Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 01 June 2016 and has been in existence for over 10 years.
Its director Arunkumar Poddar and family are #1,009 among India's richest people (2026). Its director Kamal Poddar and family are #1,009 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC281908. Its GSTIN is 27AAGCC5000P1ZL (Maharashtra). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹106.6 Cr and a paid-up capital of ₹102.75 Cr. It is led by directors including Kamal Poddar (Whole-Time Director) and Anil Aggarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sunil Patodia Tower Plot No. 156 – 158 J.B. Nagar Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2024, the company reported a revenue of ₹86.85 Cr, a growth of 85% compared to the previous year. For the same year it recorded a net profit of ₹1.34 Cr (net margin 1.5%) and EBITDA of ₹12.81 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 53% over five years.
The company has about 699 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹861.12 Cr and satisfied charges of ₹264.55 Cr on record. Court records list 724 cases involving the company, including 714 filed by the company and 10 filed against it; 510 cases are pending. The company has 10 deals on record (3 funding rounds, 3 acquisitions, 2 rights issues), with disclosed funding of ₹79.98 Cr; the latest was in September 2023. Its 5 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is Prabhakar Viniyog Private Limited with revenue of ₹88.38 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website choiceindia.com.
Company details
CIN U74999MH2016PTC281908
Registration Number 281908
Incorporation Date 01 June 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Choice International Limited
Compliance Status Active Compliant
Recognitions & Rankings of Choice Finserv
Contact details
Choice Finserv Private Limited's registered office is in Mumbai, Maharashtra. Its website is choiceindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressSunil Patodia Tower Plot No. 156 – 158 J.B. Nagar Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Choice Finserv Private Limited, buy the company report.
Comprehensive company report
Choice Finserv Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Choice Finserv is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Choice Finserv Private Limited, buy the company report.
Financials of Choice Finserv Private Limited
FY 2025 filings availableChoice Finserv Private Limited reported revenue of ₹86.85 Cr (up 85% YoY) for FY 2024.
Revenue · FY 2024
₹86.85 Cr ▲ 85%
Net profit · FY 2024
₹1.34 Cr margin 1.5%
EBITDA · FY 2024
₹12.81 Cr margin 14.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 44%
5 years · compounded
▲ 53%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 626%
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 85% growth in the latest year. EBITDA rose 29% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹86.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.34 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Choice Finserv Private Limited, buy the company report.
Board of directors and KMP of Choice Finserv Private Limited
Choice Finserv Private Limited currently reports 6 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Aggarwal | Director | 13 Jul 2023 | 3 Years 3 Months | Current |
| Manoj Kumar Verma Also directs: Shri Ram Finance Corporation Private Limited | Director | 13 Oct 2023 | 3 Years 0 Months | Current |
| Kamal Poddar Also directs: Choice Strategic Advisors LLP, Choice International Limited, Choice Consultancy Services Private Limited and 5 more | Whole-Time Director | 01 Jun 2016 | 10 Years 4 Months | Current |
| Vijendra Singh Shekhawat | Ceo | 16 Dec 2021 | 4 Years 10 Months | Current |
| Arun Kumar Poddar Also directs: Choice Strategic Advisors LLP, Choice International Limited, Choice Consultancy Services Private Limited and 5 more | Director | 27 Nov 2023 | 2 Years 10 Months | Current |
| Ajay Rajendra Kejriwal Also directs: Choice International Limited, Choice Equity Broking Private Limited, Choice Wealth Private Limited and 5 more | Director | 01 Jun 2016 | 10 Years 4 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Choice Finserv Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prabhakar Viniyog Private Limited | ₹88.38 Cr (FY 2019) | 519.0% | Kolkata, West Bengal, India | |||
| Subham Capital Private Limited | ₹87.79 Cr (FY 2023) | -8.0% | Kolkata, West Bengal, India | |||
| Speel Finance Company Private Limited | ₹87.06 Cr (FY 2025) | 32.0% | Nagpur, Maharashtra, India | |||
| Choice Finserv Private Limitedthis company | ₹86.85 Cr (FY 2024) | ₹1.34 Cr | 1.5% | 85.0% | 699 | Mumbai, Maharashtra, India |
| Equentia Financial Service Private Limited | ₹86.43 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Gamco Limited | ₹86.28 Cr (FY 2023) | 275.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Choice Finserv Private Limited, buy the company report.
Auditor
Choice Finserv Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2020 | 117366W/W-100018 |
Shareholding
The shareholding of Choice Finserv Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Choice Finserv Private Limited, buy the company report.
Charges & borrowings
Open charges
₹861.12 Cr
Satisfied charges
₹264.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2026 | 101247864 | Others | ₹25 Cr | Open | |
| 31 Dec 2025 | 101222374 | Others | ₹10 Cr | Open | |
| 29 Dec 2025 | 101237483 | Others | ₹35 Cr | Open | |
| 26 Dec 2025 | 101215037 | Others | ₹10 Cr | Open | |
| 02 Dec 2025 | 101206492 | Sidbi | ₹15 Cr | Open |
To see the full charge records of Choice Finserv Private Limited, buy the company report.
Total charge records: 92 View all charges
Deals & funding
Choice Finserv Private Limited has 10 deals on record (3 funding rounds, 3 acquisitions, 2 rights issues), with disclosed funding of ₹79.98 Cr; the latest was in September 2023.
Total deals
10
Funding rounds
3
Acquisitions
3
Rights issues
2
Secondary share transfers
2
Disclosed funding
₹79.98 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Choice International Limited Seller: Choice Equity Broking Private Limited |
| Mar 2023 | Funding round | ₹25 Cr | Investors: Choice International Limited |
| Feb 2022 | Rights issue | ₹30 Cr | Investors: Choice International Limited |
| Mar 2021 | Funding round | ₹48 Cr | Investors: Choice International Limited |
| Mar 2021 | Rights issue | ₹17 Cr | Investors: Choice International Limited |
To see the full deal history of Choice Finserv Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Choice Finserv Private Limited has 724 court cases on record: 714 filed by Choice Finserv, 10 filed against it. 510 cases are pending and 214 are disposed.
Total cases
724
Filed by the company
714
Filed against the company
10
Pending
510
Disposed
214
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 720 | 6 | 508 |
| High courts | 4 | 4 | 2 |
Cases on record (5 of 724)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro I, Rajasthan | Civil miscellaneous application | Filed against the company by an individual | Pending |
| High Court of Rajasthan | Writ petition | Filed against the company by an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Choice Finserv Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Choice Finserv Private Limited was last rated by Acuite on 23 Apr 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 23 Apr 2026 |
To see the full credit ratings and regulatory alerts of Choice Finserv Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Choice Finserv Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Choice Finserv Private Limited has a workforce of 699 employees on its EPFO records as of Dec 17, 2025, across 1 active EPFO establishment.
Employee count
699
Active EPFO establishments
1
Employee growth
10.95%
GST
Choice Finserv has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
8
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC5000P1ZL | Maharashtra | Active | 10 Jan 2022 |
| 07AAGCC5000P1ZN | Delhi | Active | 30 Jan 2022 |
| 08AAGCC5000P1ZL | Rajasthan | Active | 06 Apr 2022 |
| 24AAGCC5000P1ZR | Gujarat | Active | 13 Jan 2023 |
To see the full GST registrations and return filing status of Choice Finserv Private Limited, buy the company report.
Recent activity
Choice Finserv Private Limited has 13 board changes on record since 2016: 7 appointments and 6 cessations. The latest: Arun Kumar Poddar ceased to be Additional Director on 04 Jun 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101247864 was registered on 27 Feb 2026.
Charges
A charge registered on 22 Jan 2024 via Charge ID 100857558 with Others was fully satisfied on 13 Feb 2026.
Charges
A charge registered on 31 Dec 2024 via Charge ID 101047842 with Others was fully satisfied on 22 Jan 2026.
Charges
A charge registered on 29 Dec 2023 via Charge ID 100850617 with Others was fully satisfied on 07 Jan 2026.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101222374 was registered on 31 Dec 2025.
Charges
A charge with State Bank Of India of Rs. 5.04 Cr registered on 30 Dec 2024 with Charge ID 101035853 was modified on 31 Dec 2025.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101237483 was registered on 29 Dec 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101215037 was registered on 26 Dec 2025.
Charges
A charge registered on 29 Nov 2023 via Charge ID 100829308 with Others was fully satisfied on 18 Dec 2025.
Charges
A charge with Sidbi amounted to Rs. 15.00 Cr with Charge ID 101206492 was registered on 02 Dec 2025.
Charges
A charge registered on 31 Dec 2024 via Charge ID 101051809 with Others was fully satisfied on 10 Nov 2025.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101186938 was registered on 30 Oct 2025.
126 earlier events are in the company report.
News
Frequently asked questions
Choice Finserv is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 01 June 2016 (10+ years old) and is registered under CIN U74999MH2016PTC281908.
Choice Finserv has 7 current directors and KMP:
- Kamal Poddar - Whole-Time Director
- Anil Aggarwal - Director
- Manoj Kumar Verma - Director
- Arun Kumar Poddar - Director
- Ajay Rajendra Kejriwal - Director
- Sandeep Singh Kumar - Director
- Vijendra Singh Shekhawat - Ceo
The latest financial statements of Choice Finserv on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Choice Finserv is 27AAGCC5000P1ZL, registered in Maharashtra. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAGCC5000P1ZN (Delhi), 08AAGCC5000P1ZL (Rajasthan), 24AAGCC5000P1ZR (Gujarat).
The CIN (Corporate Identification Number) of Choice Finserv is U74999MH2016PTC281908. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Choice Finserv has 724 court cases on record: 714 filed by the company and 10 filed against it. 510 are pending. Most are in the district courts.
Choice Finserv was incorporated on 01 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Choice Finserv has 10 deals on record (3 funding rounds, 3 acquisitions, 2 rights issues), with disclosed funding of ₹79.98 Cr; the latest was in September 2023.
The peers of Choice Finserv by revenue are Prabhakar Viniyog Private Limited, Subham Capital Private Limited, Speel Finance Company Private Limited, Equentia Financial Service Private Limited, Gamco Limited, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Arun Kumar Poddar ceased to be Additional Director on 04 Jun 2024. Manoj Kumar Verma ceased to be Additional Director on 04 Jun 2024. Arun Kumar Poddar was appointed as Director on 27 Nov 2023. Choice Finserv has 13 board changes on record in total.
Choice Finserv can be reached through the website choiceindia.com. Its registered office is in Mumbai, Maharashtra, India.