KSFE is a Miscellaneous Non-Banking Company (MNBC) and is fully owned by the Government of Kerala.

[3] The other company is Mysore Sales International Limited (MSIL) owned by the government of Karnataka.

KSFE's purpose at founding was to provide an alternative to unscrupulous private-sector chit fund organizers.

Those who wins prize money through the coupon draw they get the amount after deduction of KSFE foreman commission and GST.

Chittis with maturity of less than 60 months will get auction discount of up to 30% In November 2019, the Vigilance and Anti-Corruption Bureau conducted mass raids on the KSFE offices Ltd and alleged major anomalies in its transactions and schemes.