KSFE Becomes First Miscellaneous NBFC in India to Cross ₹1 Lakh Crore Turnover

Kerala State Financial Enterprises (KSFE) has achieved a historic milestone, becoming the first miscellaneous non-banking financial company (NBFC) in India to record a business turnover of ₹1 lakh crore. The state-owned firm reached this figure in record time, doubling its turnover from ₹50,000 crore in just four years.

Celebration of the Milestone

To commemorate this landmark achievement, Kerala Chief Minister Pinarayi Vijayan will inaugurate a celebratory event at Central Stadium, Thiruvananthapuram.

The event will be chaired by Finance Minister K N Balagopal and will feature,

• Launch of the ‘KSFE Onam Samriddhi Gift Card’ by Food and Civil Supplies Minister G R Anil.
• Special appearance by award-winning actor Suraj Venjaramoodu, KSFE’s brand ambassador.

Performance and Contributions

KSFE has demonstrated consistent profitability and significant public trust,

• FY 2024-25 profit: ₹512 crore.
• Financial assistance through interest waivers: ₹504 crore over the past four years.
• Contribution to Kerala state government: ₹920 crore.
• Fixed deposits in state treasury: Approx. ₹8,925 crore.

KSFE Chairman K Varadarajan credited the achievement to public confidence in the company’s services, while Managing Director S K Sanil emphasised the firm’s steady profit record.

Government Recognition

Finance Minister K N Balagopal hailed the feat as a reflection of KSFE’s growing popularity and credibility among the people of Kerala. Doubling business turnover in just four years, he said, was evidence of the company’s robust financial management and customer-centric approach.