Choice International Ltd, a diversified financial services and consulting group, has expanded its infrastructure advisory business through the acquisition of Ayoleeza Consultants Private Ltd by its subsidiary,
Choice Consultancy Services Private Ltd (CCSPL). The company has acquired 100% shareholding in the consultancy firm.
Ayoleeza Consultants provides specialised advisory services across railways and metro systems, roads and highways, bridges, tunnels, and urban infrastructure projects in India and neighbouring markets.
The firm currently handles live orders valued at over ₹200 crore, along with its partners, with nearly 69% of the projects operating under time-based payment contracts, ensuring stable monthly revenue, as mentioned in the exchange filing.
The consultancy has also recently secured multiple assignments in the railways sector and has bids under evaluation worth ₹350 crore-plus in railways projects and ₹150 crore-plus in roads and highways.
Commenting on the development, Arun Poddar, Group CEO, Choice International Ltd, said, “We are delighted to welcome Ayoleeza Consultants into the Choice family. This acquisition reflects our continued commitment to scale our public sector consulting business, create long-term value, and contribute to the nation’s growth through participation in key public sector development projects globally.”
Shares of Choice International Ltd ended lower on Tuesday, November 18, by 0.71% at ₹783.95 on the NSE.
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