SINCE 1969

The Kerala State Financial Enterprises Limited, popularly known as KSFE.


KSFE started its operations on 6th November 1969, headquartered at Thrissur, with a capital of ₹2 Lakhs, 45 employees and 10 branches.

Annual Report 2018-2019
Annual Report 2019-2020
Annual Report 2020-2021


Paid Up Capital



50 Lakhs+




₹73000 Cr+


KSFE at a Glance

  • The Kerala State Financial Enterprises Limited, popularly known as KSFE,
  • Is a Miscellaneous Non-Banking Company,
  • Is fully owned by the Government of Kerala.
  • Is one of the most profit-making public sector undertakings of the State.
  • Formed by the Government of Kerala with the objective of providing an alternative to the public from the private chit promoters in order to bring in social control over the chit fund business, so as to save the public from the clutches of unscrupulous fly-by-night chit fund operators.
  • Has been registering impressive profits every year, without fail since its inception.

KSFE pays to the Government of Kerala crores of rupees every year by way of:

  • Guarantee Commission
  • Service Charges
  • Dividend


  • Number of employees - 45.
  • Formed by the Government of Kerala on 6th November 1969.
  • Number of branches - 10.
  • The Head Office is located at Thrissur, the hub of Chitty business in Kerala.
  • Paid up capital - Rs. 2 Lakhs

Mission of KSFE

  • To function and develop as a reliable and viable organization for providing transparent, sustainable and beneficial financial services to the public.
  • Emancipate them from the clutches of the unscrupulous and ill-motivated operators and set standards for the conduct of chits.
  • To contribute substantially to the ways and means of the State Government.
  • To introduce more social security schemes for the upliftment of weaker sections of society.
  • To start more branches in the areas hitherto unrepresented.
  • To adopt innovative technology for improving the quality and quantity of our business.

Our Vision

To become a significant player in the financial services sector by

  • Providing a whole range of quality services and products.
  • Adopting technology and benchmark standards in customer service and performance.
  • Spreading our wings beyond the borders of Kerala, on a global level.
  • Retaining the pre-eminent role in Chitty business.
  • Continuing focus on extending resources to the Govt. of Kerala.
  • Sustaining commitment to the weaker sections of society, as the neighbourhood institution for support, trust and security.
  • Introducing social responsibility schemes to our customers providing educational facilities to all students in Kerala.


KSFE is a Miscellaneous Non-Banking Company fully owned by Government of Kerala and play a significant role in its resource mobilization.

KSFE has been registering impressive profit every year since its inception in 1969 with a turn over above ₹73000 Crores.

100% secured and loyal.

Chitty is the main product of KSFE. It can be treated as a deposit and during its course can serve as a loan. KSFE provides different types of chitty patterns for all categories of people in the society. The risk of loss in the chitty is very low compared to other mutual fund deposits.

Sugama Saving Account assure higher rate of interest than Savings Account of Banks.

Interest rate of deposits are high and rate on loans are moderate.

All financial needs are provided under one roof. All types of loans are provided such as Home loan, Personal loans, Vehicle loan, Gold loan and Chitty loan.

Sri. K. Varadarajan

Office No: (0487) 2332255

Dr. Sanil S K
Managing Director

Office No: (0487) 2332222

Sri. K.Inbasekhar IAS
Director (IG Of Registration)
Smt. Sini J Shukoor
(Addtional Secretary, Taxex (H) Department)
Smt. Preetha BS
Director (Additional Secretary, Finance Department)
Adv. Govindan Pallikkaappil
Sri. V. T. Joseph
Sri. T. Narendran
Dr. K. Sasikumar
Sri. R.Mohammed Sha
Adv. M C Raghavan
Adv. U. P. Joseph
Sarath Chandran S
General Manager
Finance Department

Office No: 0487-2339955

Mobile No: 9447794000

Sujatha M T
Deputy General Manager (I/C)
KSFE Digital Business Centre

Office No: 0471-2333708

Mobile No: 9447791122

Saraswathy N
Deputy General Manager (I/C)
Revenue Recovery Department

Office No: 0487-2332255

Mobile No: 9447798004

Nisha A B
Assistant General Manager
Information Technology

Office No: 0487-2332255

Mobile No: 9447798028

Krishnendu Sureshkumar
Assistant General Manager
Legal Department

Office No: (0487) 2332255

Mobile No: 9447798004

Ganesan P
Assistant General Manager
General Administration Department

Office No: 0487-2332255

Mobile No: 9447796400

Raju R
Assistant General Manager
Business Department

Office No: 0487-2332255

Mobile No: 9447796000

Kunhikannan H
Assistant General Manager (I/C)
P&HR Department

Office No: 0487-2337711

Mobile No: 9447122226

Meera K S
Assistant General Manager (I/C)
Planning Department

Office No: 0487-2339400

Mobile No: 9447798000

Emil Alex
Company Secretary

Office No: 0487-2332255

Mobile No: 9447794400


CSR Activities

As a Company of Kerala Government, CSR activities are given more importance. Providing assistance to all areas including schools, Charitable societies etc.

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