India's Richest People 2026 edition · 1 director · Source: Hurun India
- #270 VK Mathews & family ₹13,900 Cr
Revenue · FY 2022
₹94.99 Cr
▲ 76.12% YoY
Authorised capital
₹400 Cr
Registered with MCA
Paid-up capital
₹301.24 Cr
Issued & subscribed
Open charges
₹458 Cr
Satisfied ₹290 Cr
Company age
65 yrs
Est. 1961
Directors on board
11
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
About Kerala State Industrial Development Corpn Ltd
Data last updated:
Kerala State Industrial Development Corpn Ltd is a private limited state government company based in Thiruvananthapuram, Kerala, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 21 July 1961 and has been in existence for over 65 years.
Its director VK Mathews and family are #270 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U45309KL1961SGC001937. Its GSTIN is 32AAACK9434D1ZV (Kerala).
The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹301.24 Cr. It is led by directors including Pattatt Vishnuraj (Managing Director) and Valayil Korath Mathews.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at T C 11/266 1 Keston Road Kowdiar, Thiruvananthapuram, Kerala, India – 695003.
As per the financials filed for FY 2022, the company reported a revenue of ₹94.99 Cr, a growth of 76.12% compared to the previous year.
Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: KSIDC. As per MCA filings, the company has open charges of ₹458 Cr and satisfied charges of ₹290 Cr on record. Court records list 219 cases involving the company, including 78 filed by the company and 142 filed against it; 46 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹30.5 Cr; the latest was in July 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ksidc.org.
Company details
CIN U45309KL1961SGC001937
Registration Number 001937
Incorporation Date 21 July 1961
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Pattatt Vishnuraj Managing Director Valayil Korath Mathews Director Balagopal Chandrasekhar Director Recognitions & Rankings of Kerala State Industrial Development Corpn
Contact details
Kerala State Industrial Development Corpn Ltd's registered office is in Thiruvananthapuram, Kerala. Its website is ksidc.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT C 11/266 1 Keston Road Kowdiar, Thiruvananthapuram, Kerala, India – 695003
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Kerala State Industrial Development Corpn Ltd, buy the company report.
Comprehensive company report
Kerala State Industrial Development Corpn Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
Kerala State Industrial Development Corpn operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Financial and Credit leasing activities |
To see the full business activity and turnover split of Kerala State Industrial Development Corpn Ltd, buy the company report.
Financials of Kerala State Industrial Development Corpn Ltd
FY 2024 filings availableKerala State Industrial Development Corpn Ltd reported revenue of ₹94.99 Cr (up 76.12% YoY) for FY 2022.
Revenue · FY 2022
₹94.99 Cr ▲ 76.12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 76.12%
Revenue rose 76.12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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| Total Revenue | ₹94.99 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Kerala State Industrial Development Corpn Ltd, buy the company report.
Board of directors of Kerala State Industrial Development Corpn Ltd
Kerala State Industrial Development Corpn has 11 current directors and 74 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Showing 6 of 11 current directors. View all directors
Auditor
Kerala State Industrial Development Corpn Ltd is audited by KRISHNAN RETNA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNAN RETNA & ASSOCIATES | FY 2018 | 01536S |
Shareholding
The shareholding of Kerala State Industrial Development Corpn Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kerala State Industrial Development Corpn Ltd, buy the company report.
Charges & borrowings
Open charges
₹458 Cr
Satisfied charges
₹290 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Aug 2021 | 100484660 | State Bank of India | ₹458 Cr | Open | |
| 19 Nov 2021 | 100511467 | The South Indian Bank Limited | ₹100 Cr | Satisfied | |
| 12 Jan 2021 | 100422400 | Hdfc Bank Limited | ₹190 Cr | Satisfied |
To see the full charge records of Kerala State Industrial Development Corpn Ltd, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Kerala State Industrial Development Corpn Ltd has 3 deals on record (3 funding rounds), with disclosed funding of ₹30.5 Cr; the latest was in July 2010.
Total deals
3
Funding rounds
3
Disclosed funding
₹30.5 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2010 | Funding round | ₹2 Cr | Investors: an individual |
| Aug 2007 | Funding round | ₹4.5 Cr | Investors: an individual |
| Jun 2005 | Funding round | ₹24 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kerala State Industrial Development Corpn Ltd has 219 court cases on record: 78 filed by Kerala State Industrial Development Corpn, 142 filed against it. 46 cases are pending and 173 are disposed.
Total cases
219
Filed by the company
78
Filed against the company
142
Pending
46
Disposed
173
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 159 | 122 | 33 |
| District courts | 38 | 6 | 9 |
| Supreme Court | 11 | 8 | 3 |
| NCLT | 10 | 5 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 219)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by M/S Sharinga Plywoods Private Limited | Pending |
| District court, Palakkad, Kerala | Criminal miscellaneous application | Filed by the company against CVR Health Care LLP and 3 others | Pending |
| High Court | Writ petition | Filed against the company by Commonwealth Trust (India) Ltd. | Pending |
| High Court | Writ petition | Filed by the company against Mary Matha Infrastructure Private Limited and 1 other | Pending |
| High Court | Writ petition | Filed against the company by Waves Electronics Private Limited | Pending |
To see the full case history of Kerala State Industrial Development Corpn Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kerala State Industrial Development Corpn Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kerala State Industrial Development Corpn has 1 subsidiary company, 1 joint venture, and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Joint ventures
3
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kerala Lifesciences Industries Parks Private Limited | U74999KL2020SGC064463 |
To see the full group structure of Kerala State Industrial Development Corpn Ltd, buy the company report.
GST
Kerala State Industrial Development Corpn has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACK9434D1ZV | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kerala State Industrial Development Corpn Ltd, buy the company report.
Recent activity
Kerala State Industrial Development Corpn Ltd has 86 board changes on record since 2007: 13 appointments and 73 cessations. The latest: Pattatt Vishnuraj was appointed as Managing Director on 25 Aug 2025.
AGM
Kerala State Industrial Development Corpn Ltd last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Pattatt Vishnuraj was appointed as Managing Director.
Appointed
Santhosh Koshy Thomas was appointed as Director.
Appointed
Mir Mohammed Ali was appointed as Managing Director.
Ceased
Abdul Razak Veluthedath ceased to be Director.
Appointed
Aju Jacob was appointed as Director.
Ceased
Babu Abraham Kallivayalil ceased to be Director.
Appointed
Balagopal Chandrasekhar was appointed as Director.
Ceased
Cherian Alexander ceased to be Director.
Appointed
Deepa Varghese was appointed as Director.
Appointed
Kesh Vendra Kumar was appointed as Director.
Ceased
Krishnaswamy Anand ceased to be Director.
83 earlier events are in the company report.
Frequently asked questions
Kerala State Industrial Development Corpn is an active private limited state government company based in Thiruvananthapuram, Kerala, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 21 July 1961 (65+ years old) and is registered under CIN U45309KL1961SGC001937.
Kerala State Industrial Development Corpn has 11 current directors:
- Pattatt Vishnuraj - Managing Director
- Valayil Korath Mathews - Director
- Balagopal Chandrasekhar - Director
- Deepa Varghese - Director
- Chenayappillil John George - Director
- Mayan Mohammed Puthiya Kottan - Director
- Aju Jacob - Director
- Kesh Vendra Kumar - Director
- Santhosh Koshy Thomas - Director
- Sukumaran Nair Premkumar - Director
- Acharath Parakat Mahalil Mohamedhanish - Director
The latest financial statements of Kerala State Industrial Development Corpn on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kerala State Industrial Development Corpn is 32AAACK9434D1ZV, registered in Kerala.
The CIN (Corporate Identification Number) of Kerala State Industrial Development Corpn is U45309KL1961SGC001937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerala State Industrial Development Corpn has 219 court cases on record: 78 filed by the company and 142 filed against it. 46 are pending. Most are in the high courts.
Kerala State Industrial Development Corpn was incorporated on 21 July 1961, making it 65+ years old. It is registered with the Registrar of Companies, Ernakulam.
Kerala State Industrial Development Corpn has 3 deals on record (3 funding rounds), with disclosed funding of ₹30.5 Cr; the latest was in July 2010.
Pattatt Vishnuraj was appointed as Managing Director on 25 Aug 2025. Santhosh Koshy Thomas was appointed as Director on 08 Mar 2025. Mir Mohammed Ali was appointed as Managing Director on 10 Jan 2025. Kerala State Industrial Development Corpn has 86 board changes on record in total.
Kerala State Industrial Development Corpn can be reached through the website ksidc.org. Its registered office is in Thiruvananthapuram, Kerala, India.