KOCHI: Kerala State Financial Enterprises Ltd (KSFE) has reported a profit of Rs512 crore for the financial year 2024-25 (FY25), reinforcing its position as one of Kerala’s most consistently profitable public sector enterprises.
Alongside the robust bottom line, KSFE also achieved a historic milestone – becoming the first miscellaneous non-banking financial company (NBFC) in India to cross a business turnover of Rs1 lakh crore.
Finance Minister K N Balagopal said the company’s ability to double its business from Rs50,000 crore to Rs1 lakh crore in just four years reflected the growing public trust in the institution.
“This achievement showcases KSFE’s popularity and operational strength,” he added.
KSFE Chairman K Varadarajan highlighted the firm’s contributions to the state’s economy, noting that over the past four years KSFE has provided Rs504 crore in financial assistance through interest waivers, contributed Rs920 crore to the state government, and maintained fixed deposits of about Rs8,925 crore in the state treasury.
Record turnover
Managing Director S K Sanil said the dual achievement of record turnover and strong profitability was the result of prudent financial management, product diversification, and deep-rooted customer loyalty.
To celebrate the milestone, Chief Minister Pinarayi Vijayan will inaugurate a state-level event at the Central Stadium in Thiruvananthapuram on Wednesday.
With this feat, KSFE has not only consolidated its leadership among public sector NBFCs but also set a benchmark for the country’s miscellaneous NBFC segment, underscoring its ability to combine profitability with social and economic contributions.
