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Kerala State Financial Enterprises

The Kerala State Financial Enterprises Limited
Public sector
FounderGovernment of Kerala
HeadquartersThrissur city, Kerala, India
Number of locations
Area served
Key people
A. PURUSHOTHAMAN (Managing Director)
ProductsChitty, Loans, Savings, investment vehicles, etc.
RevenueIncreaseRs 105 crore
Rs 16,451 crore
Total equityRs 20 crore
OwnerGovernment of Kerala
Number of employees

Kerala State Financial Enterprises Limited (KSFE) is a public sector non-banking financial company based in Thrissur city, Kerala, India.


It started functioning on 6 November 1969, with Thrissur city as its headquarters.[1] It started with a capital of Rs 2,00,000, 45 employees and 10 branches. It has now 568 branches and eleven Regional Offices at Thiruvananthapuram, Kollam, Kottayam, Ernakulam, Thrissur, Kozhikode, Kannur, Attingal, Alappuzha, Kattappana and Malappuram.[2] KSFE is a Miscellaneous Non-Banking Financial Company (MNBFC) and is fully owned by the Government of Kerala. KSFE is the only chitty Company owned by the Government in the whole of India.[citation needed] It's explicit purpose at founding was to provide an alternative to unscrupulous private-sector chit fund organizers.[3] In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds.[3]


  1. ^ "Introduction". Kerala State Financial Enterprises. Retrieved 4 March 2010.
  2. ^ "FAQ". Kerala State Financial Enterprises. Retrieved 4 March 2010.
  3. ^ a b Job, Sallyamma (2003). A STUDY OF CHIT FINANCE IN KERALA WITH SPECIAL EMPHASIS ON KERALA STATE FINANCIAL ENTERPRISES Ltd. Cochin, Kerala: Department of Applied Economics, Cochin University of Science and Technology.

External links