KSFE Pravasi Chits :: Online Chit Solution for NRI Keralites
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KSFE overview

Kerala State Financial Enterprises, popularly known as KSFE, is a miscellaneous non-banking financial company, exclusively owned by Govt of Kerala.

Chit business in Kerala was under private monopoly until 1969.  Far too many frauds and deeds of financial mismanagement had occurred in this particular business segment. A number of people had lost their life-long savings, as one private chit fund after another had kept on collapsing. That was when the then Kerala government, under the visionary leadership of EMS Namboodirippad, intervened.

The government decided to float its own chitty company that would protect the interests of the subscribers and channelize the savings for productive purposes of the state.  The new institution would have the government as the guarantor of people’s deposits. And it would offer all the benefits of a traditional chitty scheme.

It was the beginning of a remarkable success story. From its inception in 1969, KSFE has never reported loss even in a single financial year. Over the years, KSFE has left a trail of hundreds of thousands of satisfied subscribers and a number of instances of supporting the state treasury.

KSFE now is the only the trusted name in chit business. Spread throughout the state, it has over 565 branches spread and boasts of a turnover of INR 32,000 crores.

KSFE offers the whole spectrum of financial products now:  loans like chitty loan, gold loan, personal loan, trade loan, overdraft facility, and housing loan and fixed deposits and savings deposits.


We associate with


Kerala Infrastructure Investment Fund Board (KIIFB) came into existence on 11.11.1999 under the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000) to manage the Kerala Infrastructure Investment Fund. The main intention of the Fund was to provide investment for critical and large infrastructure projects in the State of Kerala. Comprehensive modification of the Act and Scheme has been made through an amendment Ordinance in August 2016. With new strategy and structure, KIIFB aims to dynamically mobilise funds for the infrastructure development of Kerala. This also includes major land acquisition needs of the State. KIIFB have recourse to the advanced financial instruments approved by SEBI and RBI and is expecting an upspring of sustainable infrastructure development of the State



Our Team


Shri.Pinarayi Vijayan

Chief Minister of Kerala


Dr. T.M Thomas Isaac

Minister for Finance & Coir


Adv. Peelipose Thomas

Chairman, KSFE


Shri. Purushothaman A

Managing Director, KSFE