Choice International Limited has informed the Exchange regarding a press release dated January 08, 2026, titled "Contract/Award secured from India Post Payment Bank by our step down subsidiary M/s. Choice Wealth Private Limited.".
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Choice International's step-down subsidiary Choice Wealth Private Limited has bagged a contract from India Post Payments Bank (IPPB) to act as a Mutual Fund Aggregator and Investment Service Provider. Under this mandate, Choice Wealth will deploy a one-stop digital investment platform offering online mutual fund aggregation, robo-advisory, and allied investment services to IPPB customers. This gives Choice access to IPPB's massive network spanning 36 states/UTs, around 650 districts, roughly 1.64 lakh banking access points, and an estimated 11.67 crore customers. The Group CEO called it a 'landmark moment,' highlighting how it combines IPPB's last-mile reach with Choice's technology-led wealth solutions. The contract is in the normal course of business and is not a related-party transaction.
This is a significant distribution win for Choice Wealth, potentially giving it reach into semi-urban and rural India through IPPB's unmatched post office network. While exact revenue contribution is not disclosed, the scale of IPPB's customer base could meaningfully expand Choice's mutual fund distribution business over the medium term, supporting growth in the wealth management segment.