SINCE 1969

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


KSFE started operation on 6th November 1969 with headquarters at Thrissur, capital 2 Lakhs, 45 employees and 10 branches.


Paid Up Capital



44 Lakhs+




₹56000 Cr+

Turn over

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 resposibility schemes to our customers providing educational facilities to all students in Kerala.


KSFE is a miscellaneous non banking fInancial institution fully owned by Government of Kerala and play a significant role in its resource mobilisation.

KSFE has been registering impressive profit every year since its inception in 1969 with a turn over above ₹56000 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.

Key Personalities

Sri.Pinarayi Vijayan
Hon. Chief Minister of Kerala
Adv.K.N. Balagopal
Hon. Finance Minister of Kerala
Adv. Peelipose Thomas
Managing Director
Adv. Peelipose Thomas

Office No: 0487-2339200

Managing Director

Office No: (0487) 2332222

Sri. K.Inbasekar IAS
Director (IG Of Registration)
Smt. Sini K Shukoor
Director (Addtional Secretary, Taxex (H) Department)
Smt. Preetha BS
Director (Additional Secretary, Finance Department)
Sri. R.Rajagopal
Sri. P.C.Pillai
Dr. P.V.Unnikrishnan
Adv. V.K.Prasad
Prof. D.Narayana
Prof. K.N.Gangadharan
Sri. R.Mohammed sha
Sri. Vijayan Cherukara
Sri. P.K.Anandakuttan
Adv. Reji Zachariah
Sarath Chandran S
General Manager Finance – Finance Department

Office No: 0487-2339955

Mobile No: 9447794000

Dr. Lawrence Harold
General Manager(I/C) – Business Department

Office No: 0487-2339400

Mobile No: 9447796000

Manoj GS
Deputy General Manager KSFE Digital Business Centre, Tvm

Office No: 0471-2333708

Mobile No: 9447791122

Jayaprakasan KV
Deputy General Manager – Internal Audit Department

Office No: 0487-2332255

Mobile No: 9447122225

Pramodan A
Deputy General Manager – Revenue Recovery and Legal Department

Office No: 0487-2332255

Mobile No: 9447798004

Sujatha MT
Deputy General Manager (I/C) – P&HR and Planning Department

Office No: 0487-2337711

Mobile No: 9447122226

Vijayan A
Asst General Manager- Business Department

Office No: 0487-2332255

Mobile No: 9447797858

Madhumohan CK
Asst General Manager- General Administration Department

Office No: 0487-2332255

Mobile No: 9447796400

Dinesh VS
Asst General Manager (I/C) – Information Technology

Office No: 0487-2332255

Mobile No: 9447798028

Emil Alex
Company Secretary

Office No: 0487-2332255

Mobile No: 94477944400


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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