A Presentation on KSFE
Joshi Paul Veliyath, MD
Introduction
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During the year 1967 Government of Kerala took a policy decision to the effect that
Chitties/ Kuries should be conducted under state auspices. A bold step forward along the
path towards socialism, aimed at bringing banks and other financial institutions under
social control.
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The Kerala State Financial Enterprises Limited is fully owned by the Government of Kerala
and is the first Public Sector Company to conduct chit business in the whole of India. It is a
MNBC.
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Profit making PSU since inception, always placed in TOP THREE positions in Profit and a
major contributor to State Treasury.
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Chitty being a investment and borrowable product, customers are the biggest
beneficiaries.
Constitution
 It was incorporated on 6th November 1969 with its Registered Office at
Thrissur. It had an authorised capital of Rs.25 lakhs divided into 25,000
equity shares of Rs.100/- each and paid up capital of Rs.2 lakhs as initial
contribution from Government of Kerala.
 The present share capital of the Company is Rs.100,00,00,000/- divided
into 100,00,000 equity shares of Rs.100/- each.
 The Paid up Capital is Rs.50 Cr and Authorised capital Rs.100 Cr, and after
the AGM and dividend declaration of 100%, the Paid up Capital will be
Rs.100 Cr.
Objectives
• The Company started its operations with the objective of liberating the general
public of Kerala from the clutches of fly-by-night unscrupulous chit and
financial services operators and also to bring within the purview of
Government control.
• To start, conduct, promote, manage and carry on the business of chitties in
India or elsewhere also undertake, organize, conduct, manage and carry on the
business of general and miscellaneous insurance of any kind in India or
elsewhere. Carry on and manage other lines of business.
• To provide financial assistance to the loanees or others for the purpose of
running and maintaining of the articles, equipments and other items acquired
under Loan scheme of the Company.
• To advance money on the security of Gold or other valuable securities.
OUR VISION
To become a significant player in the financial services sector by
 Providing a whole range of quality services and products.
 Adopting technology and benchmark standards in customer service and
performance.
 Spreading our wings beyond the borders of Kerala, on a global level.
 Retaining the pre-eminent role in Chitty business.
 Continuing focus on extending resources to the Government of Kerala.
 Sustaining commitment to the weaker sections of society, as the
neighbourhood institution for support, trust and security.
Our Mission
 To be a trusted, respected, nationwide, world class full
service MNBC
 To be leaders in our chosen segments.
 To be Customer Centric- SERVING the FRONT Line.
 To build a strong relationship with our employees, our
customers and stake holder.
 To be of service to the community in which we work and live
in.
 Empowerment of women
 To be a GREAT place to work
Our Core Values
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Integrity – work ethics
Teamwork- One Team - One Dream
Operational & Execution Excellence
Passionate Ownership & Taking accountability
Customer Centricity
NBFC
Deposit
Accepting
ND Accepting
NBFCs-ND
(Total
Assets=<500Cr)
NBFCs-ND –SI
(Total
Assets=>500Cr)
MNBC
KSFE – A Miscellaneous Non Banking Company
NBFC-ND –SI : NBFC –ND- Systemically Important)
Our Products
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Chitty
Chitty Loan
Pass Book Loan
GOLD Loan
Housing Loan
Personal Loan
Consumer/Vehicle Loan
Western Union Money
Staff Loans
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CSDT
Fixed Deposit
Short Term Deposit
FD Loan
Sugama( Savings)Deposit
Sugama Akshaya OD
Trade Finance
Vidya Dhanam Loan
Haritham Loan
“A politician, a lawyer, State Planning Board Member
and an active social worker in Pathanamthitta”
BOARD of DIRECTORS
Peelipose Thomas - CHAIRMAN
​
Joshi Paul Veliyath - MD
Sri. E.Devadasan IAS - IG Registration - 9447015266
Sri. R.Raja Gopal, Additional Secretary, Taxes - 9446203311
Sri. S.Muraleedharan- Additional Secretary, Finance- 9495339716
Adv. Reji Scaria - 9446758943
Sri. Vijayan Cheramkara- ​9447257797​
Sri. R.Muhammed Sha- 9446154788
Sri. P.K.Anandakuttan-9446352085
Sri.P.C.Pillai- 9447266033
Adv.V.K.Prasad-9847416546
Prof.D.Narayana-​9447192396​
Prof.K.N.Gangadharan-9497811587
Senior Management Team
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Managing Director
GM(Finance)
GM(Business)
DGM(P&HR)
DGM(Bus&Ops) I/C
DGM(IA&V) I/C
AGM(Legal)
AGM(IT)
AGM(Plg) I/C
AGM(PHR &CS)
AGM(Recovery)I/C
SM(GAD)
-Joshi Paul Veliyath
-Jayaprakash K.V
-V.P.Subramanian
-Sanil S.K
-Prasad. S
-Rajachandran Nair.M
-Pramodan.A
-Nisha.A.B
-Madhumohan C.K
-Manoj Kumar VR
-Somanathan A.N
-Jose K.V
REGIONS & RMs ( AGMs)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Trivandrum – Prasantha Kumar P.k
Kollam
- Vijaykumar.C
Attingal
- Manoj G.S
Alleppey - Saraswathy.N
Kottayam- Ganeshan P
Kattappana- Elizabeth John
Ernakulam – Sujatha. MT
Trichur
- Raju. R
Malappuram- Ajith Kumar K.D
Calicut
- Vijayan.A
Kannur Chithra Shashidharan
Incorporated as a Private Limited Company on 06 Nov 1969 with
Rs.2Lakh - Paid up Capital, 10 Branches and 45 Staff
Paid Up Capital
Auth. Capital
NW
: Rs.50 Cr
: Rs.100 Cr
: Rs.495 Cr
No. of Branches : 600
No. of Employees : 6600
Regional Offices : 11
Revenue Recovery Offices : 10
(PBT Prov: 2015-16) : Rs.181 Cr
Agg. Business (30 Nov 16) : Rs. 31538Cr
Customer Base : 30 Lacs
As on 30.11.16
Turn Over : Rs. 22008 Cr
(T/O do not include total deposit R.9530 Cr)
Total Chitty Sala : 1525 Cr
Total Chitty T/O : 18300 Cr
Open Treasury Deposit : 1560Cr
Chitty statutory Deposit:1740Cr
Payment to State Govt.: Rs.809Cr
Payment to Central Govt. : Rs.810 Cr
CSR – 2014-15 : Rs. 1.46 Cr & 15-16: 3.24 Cr
Business Trend and Projection
In Crores
BUSINESS
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Proj
Chitty Turnover
7509
9049
10308
12630
14883
14520
17825
Loans and
Advances
1712
1951
2563
2920
3317
4575
5560
Total Deposit
3110
3648
4653
6016
7139
8320
9823
Aggregate
Business
12331
14648
17524
21566
25339
27415
33208
55
53
55
48
46
55
57
CD Ratio(%)
Chitty Sala (in Lakhs)
200000.00
150000.00
100000.00
50000.00
0.00
1
2
3
4
5
6
7
8
9
10 11 12 13 14 15 16
Years (2001 – 2016)
Default & RR : 650 Cr
Provision : 340 Cr
KSFE Loans (in Lakhs)
140000.00
120000.00
100000.00
80000.00
60000.00
40000.00
20000.00
0.00
1
2
3
KSFE Personal Loan (in Lakhs)
4
5
6
7
8
9
Year (2001 – 2016)
Chitty Loan (in Lakhs)
10
Gold Loan (in Lakhs)
11
12
13
14
15
KSFE Housing Loan (in Lakhs)
16
KSFE Deposits (in lakhs)
600000.00
500000.00
400000.00
300000.00
200000.00
100000.00
0.00
1
2
3
Fixed Deposit (in Lakhs)
4
5
6
7
8
Year (2001-2016)
Chitty Security Deposit (in Lakhs)
9
10
11
Term Deposit (in Lakhs)
12
13
14
15
Sugama (in Lakhs)
16
AGGREGATE BUSINESS (in Crores)
35000.00
30000.00
25000.00
20000.00
15000.00
10000.00
5000.00
0.00
1
2
3
4
5
6
7
8
Years (2001-2016)
9
10
11
12
13
14
15
TOTAL NO OF Branches : 507 ( data up to 31 Mar 2015)
Rituals that we value :
 SMILE
 Etiquettes over phone/mobile. Script: “Namaskaram, KSFE, this is Joshi,
How may I help you”… “ Thank you for calling KSFE”
 Thought for the day
 Aditi Devo Bhava
 Knowledge/ Skill Development
 Daily Morning Huddle
 Swach Wednesdays – Clean Wednesday
 CELEBRATE Success
 Have FUN
EXPECTATION this FY
 CASBA – Core solution by FY end
 Default and Recovery- OTS scheme 400 Cr
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110% of Branch Target in all products
PBT- 225 Cr
CD Ratio : 57 % to 67%
25% growth in Assets Portfolio
Expenses management – Cut down expenses by
minimum 10%
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AUDIT & Process improvement
Total quality management and performance
Streamline TRANSFER Policy
100% COMMITMENT from all staff
Together Everyone Achieves More
ONE TEAM- ONE DREAM
Thank You