Kerala State Financial Enterprise
 |
|
| Public sector | |
| Industry | NBFC |
| Founded | 1969 |
| Founder | Government of Kerala |
| Headquarters | Thrissur city, Kerala, India |
|
Number of locations
|
Kerala |
|
Area served
|
Kerala |
|
Key people
|
Adv. PEELIPOSE THOMAS (Chairman) |
| Products | Chitty, Loans, Savings, investment vehicles, etc. |
| Revenue |
 Rs 105 crore |
| Rs 16,451 crore | |
| Total equity | Rs 20 crore |
| Owner | Government of Kerala |
|
Number of employees
|
6,000 |
| Website | http://www.ksfe.com |
Adv. PEELIPOSE THOMAS (Chairman)
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. 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. 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.
Beginning
Scenario (Mar 2016)
Chitty
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.
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