1993 - The Company was incorporated on 12th March, as Public Limited
Company in the name of Choice Financial Services Limited in the
State of Maharashtra. The Company obtained its certificate of
Commencement of business on March 30. The company has been
providing marketing and advisory services in the capital market
with its main focus on non-fund based activities.
- The Company is registered with Securities and Exchange Board of
India (SEBI) as a Category IV Merchant banker w.e.f. 16th
- The Company is engaged in various financial services especially
in the fields of Loan Syndication, Corporate Advisory services,
Merchant banking, placement of Equity and debt etc. The Company
has recently started treasury, leasing and investment activities.
- The Company has been approved by SEBI as Category IV Merchant
Banker with effect from October 8th. The company has since then
been independently handling Public and Rights Issues as Advisors.
- The Company has been appointed as Advisors to the issue for
public issues of 12 companies.
1994 - The Company has a subsidiary company incorporated on 2nd
December, viz. Utkristh Finance Ltd. The Company holds 99.78%
shares in its subsidiary company having a paid-up capital of
Rs.98,500. The balance 0.22% shares are held by its Managing
director and employees.
1995 - The Company made its maiden Public issue of 15 lacs Equity shares
of Rs. 10/- each at par aggregating Rs.150 lacs on 30th October.
The issue of the Company was oversubscribed despite the adverse
1997 - The Company diversified into trading of Electronic devise and the
name of the Company was changed to 'Choice International Limited
(No news for 98,99)
2000 - The Company has entered into a contract with M/s. Tri-Trac
Technologies Pvt. Ltd.
2001 - The Company has signed a joint venture agreement for a period of two years
with Oak Brook Technologies, US, in the area of SAP implementation services.
2002- Choice International Ltd has informed BSE that Mr Shailesh K Khatri, Whole time Director of the company has resigned.
2003 - Delisting of shares from Ahmedabad Stock Exchange.