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The Kerala State Financial Enterprises Limited
Public sector
Industry NBFC
Founded 1969
Founder Government of Kerala
Headquarters Thrissur city, Kerala, India
Number of locations
Area served
Key people

P.T. Jose (Chairman)[1]

Joshi Paul Veliyath (Managing Director)
Products Chitty, Loans, Savings, investment vehicles, etc.
Revenue IncreaseRs 105 crore
Rs 16,451 crore
Total equity Rs 20 crore
Owner Government of Kerala
Number of employees
Website http://www.ksfe.com

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


It started functioning on November 6, 1969, with Thrissur city as its headquarters.[2] It started with a capital of Rs 2,00,000, 45 employees and 10 branches. It has now 500 branches and seven Regional Offices at Thiruvananthapuram, Kollam, Kottayam, Ernakulam, Thrissur, Kozhikode and Kannur.[3] 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.


  1. KSFE was created by the Government of Kerala on 6 November 1969.
  2. The Paid up capital then was Rs. 2 Lakhs.
  3. Total number of employees at the start was 45.
  4. The number of branches KSFE began with was 10.
  5. The Head Office of KSFE is placed in Thrissur, the hub of Chitty business in Kerala.

Scenario (Jan 2016)

  1. Paid up Capital is Rs. 50Crores.
  2. Total number of employees is 6400.
  3. The number of branches is 540.
  4. The number of customers is more than 33 Lakhs.
  5. Annual Business is Rs. 28,330 Crores.


Chitty is the main product of KSFE.

It is a unique financial product, which blends the advantages of both investment and advance. It is a risk free safe haven for the public as KSFE conducts only chitties fully governed by the provisions of Central Chit Fund Act 1982. The instalment per month for chitties range from Rs. 1,000 to Rs. 5,00,000 and the usual duration of chitties are 30 months, 40 months, 50 months, 60 months and 100 months.

Other Schemes Offered are given below:

1. Loans & Advances:

Although Chitty is in essence a loan/advance scheme, for subscribers whose chitties are not getting prized and, at the same time they are in need of money, relief has been provided by two loan schemes built within the chitty scheme, viz. Chitty Pass Book Loan and New Chitty Loan.

KSFE offers other loan/advance schemes, comparable to those given by banks and other financial institutions, and the same includes:

Gold Loan Scheme, Reliable Customer Loan, Consumer/Vehicle Loan, Special Car Loan, New Housing Finance Scheme, Flexy Trade Loan, Tax Planning Loan Scheme, Fixed Deposit Loan Scheme, Sugama (Akshaya) Overdraft Scheme, Vidyadhanam Education Loan Scheme and KSFE Haritham Loan Scheme.

2.Deposit schemes:

Fixed Deposit, Short Term Deposit, Sugama Deposit (which is similar to the savings deposit in Banks), Chitty Security Deposit-in-Trust and Sugama Security Account.

3. Fee Based Activities of KSFE:

  1.Western Union Money Transfer - as sub agent of Paul Merchants Ltd.
  2.Xpress Money Transfer

4. Securities:

From chitty subscribers and customers who avail loans/advances of KSFE, KSFE accepts various types of securities which include:

Fixed Deposits with KSFE or approved Banks, Bank Guarantee, NRI Deposits, LIC Policies, National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Chitty Pass Book of Non-prized Chitties, Gold Security, Post-dated Cheques, Personal surety and Property Security.

Future plans KSFE contemplates:

1. Centralised Chitty Registration.

2. Online Chitty Auction.

3. Chitty payments at the Door step of subscribers.

4. Opening Branches outside Kerala.

5. Spreading weekly chitties to all the KSFE branches.

6. e-remittance facilities for all customers.

7. Foray into the field of M-commerce.

8. Introducing ATM facilities and any time anywhere transaction facilities.

9. Implementation of core solutions software in the company.

10. Going for CRISIL rating to obtain FAAA.

11. Working as a Nodal Agency for distribution of pension of State/Central Government and other PSUs.

12. Undertaking trading of Gold.


  1. ^ http://www.ksfe.com
  2. ^ "Introduction". Kerala State Financial Enterprises. Retrieved 2010-03-04. 
  3. ^ "FAQ". Kerala State Financial Enterprises. Retrieved 2010-03-04. 

External links[edit]

Coordinates: 8°53′15″N 76°35′26″E / 8.88750°N 76.59056°E / 8.88750; 76.59056

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Kerala_State_Financial_Enterprises — Please support Wikipedia.
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90 news items

The Hindu

The Hindu
Sun, 17 Apr 2016 17:09:52 -0700

Hundreds who had deposited their life's savings in the Kerala State Financial Enterprises (KSFE) Staff Cooperative Society and were allegedly defrauded by the society office-bearers over three years ago are yet to get relief despite the Cabinet ...
The Hindu
Sun, 17 Apr 2016 17:34:00 -0700

Around 650 families who were allegedly defrauded by the office-bearers of the Kerala State Financial Enterprises Staff Cooperative Society are yet to get relief despite the Cabinet deciding to pay a part of the amount due to them. Page 5 ...
The New Indian Express
Sun, 03 Apr 2016 16:48:45 -0700

... the pension fund. The employees had the option of receiving a full PF pension since 1995, which was later withdrawn in 2004. Apart from Milma employees, employees of Kerala State Financial Enterprises, Hanveev and FACT would benefit from this ruling.

Deccan Chronicle

Deccan Chronicle
Sun, 03 May 2015 17:22:30 -0700

THIRUVANANTHAPURAM: Resentment is brewing among hundreds of employees of Kerala Financial Corporation and Kerala State Financial Enterprises over the government's delay in taking a decision on the retirement age. With the director boards of both ...
The Hindu
Fri, 01 Apr 2016 17:07:15 -0700

Employees in Milma as well as other institutions like Kerala State Financial Enterprises, Hanveev, and FACT may become eligible for a full Provident Fund (PF) pension, with the Supreme Court dismissing the single leave petitions (SLP) filed by the PF ...
Times of India
Wed, 26 Sep 2012 16:57:23 -0700

KOCHI: Setting a precedence, the Kerala high court has allowed the contention of guarantors of a chitty drawn from Kerala State Financial Enterprises (KSFE) that debt should be recovered from them only if the principal debtor doesn't have adequate ...

Times of India

The New Indian Express
Wed, 06 Jan 2016 16:22:30 -0800

The Single Judge had also directed the Kerala State Electricity Board, Kerala State Road Transport Corporation, Kerala State Financial Enterprises and Kerala Headload Workers Welfare Fund Board to report all existing vacancies to enable the PSC to ...
The Hindu
Tue, 01 Mar 2016 16:09:55 -0800

The ambulance has been donated by the Kerala State Financial Enterprises under the corporate social responsibility scheme of the company. The QSSS is the charity wing of the Kollam diocese. QSSS director Fr. Paul Mallier said the new facility would be ...

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