Madhusudan Kela Holds 9.24 Per Cent Stake: Diversified Services Company Secures Landmark Projects Worth Rs 63.47 Crores across Maharashtra and Odisha
The stock gave multibagger returns of 275 per cent in just 2 years and a whopping 3,100 per cent in 5 years.
Choice Consultancy Services Pvt Ltd, the public sector advisory arm of Choice International Limited, has secured two significant projects in Maharashtra and Odisha, collectively valued at approximately Rs 63.47 crore (inclusive of GST). These wins underscore the company's growing influence in public sector transformation and infrastructure planning across India.
One major award is a Rs 52.80 crore work order from the Maharashtra Institution for Transformation (MITRA), Government of Maharashtra. This five-year engagement, part of the World Bank-supported MahaSTRIDE Program, involves establishing District Strategic Units (DSUs) across the Chhatrapati Sambhajinagar Division. The aim is to enhance district-level institutional capabilities and promote data-driven decision-making, aligning with India's and Maharashtra's economic growth targets.
Furthermore, Choice Consultancy Services is the highest-ranked bidder for a project to provide engineering consultancy services in 58 Urban Local Bodies of Odisha State, floated by the State Urban Development Agency (SUDA). This proposed Rs 10.67 crore engagement, expected to last two years pending final confirmation, focuses on strengthening urban infrastructure planning and technical capacity to manage rapid urbanisation in Odisha. These initiatives strongly align with the Government of India's vision for institutional modernisation, digital access expansion and inclusive economic growth.
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About Choice International Ltd
Headquartered in Mumbai, Choice Group is a decade-old organisation engaged in providing diversified services across finance, engineering, and consulting. The group holds memberships and registrations with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI, and is a depository participant with both CDSL & NSDL. As an end-to-end financial conglomerate with over 13 lakh clients and 53,000+ trained business associates, Choice continues to scale new heights as one of India’s top 20 brokers, powered by technology-led solutions and a strong pan-India presence.
An ace investor, Madhusudan Murlidhar Kela, has owned a 9.24 per cent stake in the company since March 2025. The company has a market cap of over Rs 13,000 crore and has delivered good profit growth of 66 per cent CAGR over the last 5 years. The shares of the company have a PE of 89x, an ROE of 19 per cent and an ROCE of 22 per cent. The stock gave multibagger returns of 275 per cent in just 2 years and a whopping 3,100 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.