Overview

Kerala State Financial Enterprise Limited (KSFE), owned and managed by the Government of Kerala, is a miscellaneous non-banking finance company. Its head office is situated in Thrissur which is also regarded as the hub of Chitty business in Kerala. It was founded on 6th November 1969 by the Government of Kerala. From starting with a capital of Rs.2 lakh, a total number of employees of 45, and the number of branches of 10, it has evolved in such a manner that today, it is counted among the most profit-making public sector undertaking of the state. Its main objective is to provide financial assistance to the people in terms of funds and protect them from falling into the traps of dishonest fund providers in the market. It has been able to provide a lot of profits to the government each year in
crores in form of guarantee commission, service charges, and dividends. Its outcome has been impressive. Here’s the present scenario:
• Paid-up capital: Rs.100 Crore
• Total Number of Employees: 6782
• Total number of branches: 600
• Total number of customers: Over 33 Lakhs
• Turn Over (as of Jun 2019): 40839Cr.
It provides loans and deposit schemes to help its customers. Chitty is the main
product of KSFE which offers an option of risk-free investment to its customers. It
has also the scope of provisions for NRIs to join its Chitty.