The story
Founded by Government of Kerala in 1969.1
History
The company started functioning on 6 November 1969, with Thrissur as its headquarters. It started with a capital of Rs 2 Lakh, and had 45 employees and 10 branches. As of 2025-26, it has 200 Cr paid up capital, 9000+ employees, 680+ branches & 16 regional offices located at Thiruvananthapuram Urban, Thiruvananthapuram Rural, Kollam Urban, Kollam Rural, Kottayam, Ernakulam Urban, Ernakulam Rural, Thrissur, Palakkad, Kozhikode Urban, Kozhikode Rural, Kannur, Alappuzha, Pathanamthitta, Kattappana and Malappuram and one Digital Business Centre at Thiruvananthapuram.Digital Business Centre conducts KSFE Pravasi chits for Keralites living outside Keralam.
KSFE is one of the two chit fund companies owned by the government in the whole of India. The other company is Mysore Sales International Limited (MSIL) owned by the government of Karnataka. KSFE's purpose at founding was to provide an alternative to unscrupulous private-sector chit fund organizers. In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds.
2024 Wayanad landslides
KSFE donated Rs 5 Cr to the CMDRF Keralam to help the victims & rebuilding process of 2024 Wayanad landslides.
From Wikipedia’s article on Kerala State Financial Enterprises, shared under CC BY-SA 4.0.5