Public sector undertakings in Kerala

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Districts of Kerala

Public sector undertakings in Kerala are of two types, public sector units in which majority shares are owned by Union Government and public sector units in which majority shares are owned by State Government. Public sector undertakings in Kerala,[1][2] i.e. enterprises in which majority shareholder is Government of Kerala are generally divided into Manufacturing & Non-Manufacturing. Some of the PSUs such as Kinfra, KSIDC, SIDCO etc. are promotional agencies.[3] As of 2004 there were 104 enterprises spread over 14 different sectors of Kerala economy. These sectors are as varied as engineering, electronics to wood products & welfare agencies. Eleven units are joint venture of Kerala government with the central government. Most of state PSUs units are under Department of Industries & Commerce (85 enterprises).

The largest enterprises[4] (Based on 2005 figures)

Rank Based on capital investment Based on turnover Based on profitability Based on employment Loss making
1 Kerala State Electricity Board Kerala State Electricity Board Kerala State Electricity Board Kerala State Road Transport Corporation Kerala State Road Transport Corporation
2 Kerala Water Authority Kerala State Beverages Corporation. Kerala State Financial Enterprises Ltd. The Kerala State Cashew Development Corporation Limited Kerala Water Authority.
3 Kerala State Housing Board Kerala State Road Transport Corporation. Kerala Minerals and Metals Ltd. Kerala State Housing Board Kerala State Civil Supplies Corporation Limited

Most of the PSUs in Kerala were loss making units until 2016.[5] The combined net profit made by all 40 State PSUs under the Industries Department was 110.41 crore in 2012–13. However, from 2013-14 onwards, the combined net profits of these State PSUs has been negative. It was (-)131.9 crore in 2015-16 when the UDF government was voted out of power.

One year into its tenure, during the 2016-17 period the LDF government brought down the loss from Rs 131.9 crore to Rs 80.67 crore. The financial year ending 2018 March gave more reason to cheer for the state government as the combined results of all PSU's aggregated a net profit of Rs 106.91 crore .[6] [7]


For example, the chemical PSUs under industries department which had made about 110 Cr Indian rupees in profit in the year 2012-2013 suddenly dropped to just 19 Cr in 2013-2014 and by 2014-2015 were at a loss of about 44 crore .

However under the new LDF government by 2016-2017 these were back in profit netting in 44 Cr Indian rupees in profits.[7]

17 public sector units in the state had registered operational profit in the financial year 2018–19 with a total operating profit of Rs 330.36 crore and a net profit of Rs 258.29 crore.[8]

The increased dependency on budgetary support even for continuing regular operations of PSUs was a major concern during the Twelfth Five-Year Plan. However, from the last year of the Twelfth Five-Year Plan (2016-17) onwards, major initiatives for strengthening and revamping of PSUs under the Industries Department are being undertaken. Five units namely Travancore Titanium Products Ltd., Travancore Cochin Chemicals Ltd., Traco Cable Company Ltd., Steel Industrial Forgings Ltd. and Transformers and Electricals Kerala Ltd. have seen a turn around in 2016–17. But in 2017–18, PSUs under Industries Department have made remarkable achievements. The combined net profit made by all 40 State PSUs as on 30th August, 2017 was 21.5 crore. It is notable that these PSUs have registered positive combined net profit after incurring net combined losses for 4 years.[7]

State PSUs under the Industries department have been showing sign of improvement from 2016-17 onwards. Thirteen State PSUs under the Industries Department reported profits in 2016-17 as against only eight in 2015–16.


The number of loss-making State PSUs decreased from 32 in 2015-16 to 27 in 2016–17, and the total losses made by loss-making State PSUs during this period also decreased from 226.6 crore to 180.5 crore. [7]

Kerala Government have chosen to restructure the loss making units and not privatisation.[9]

"Kerala government should take a cue from the disinvestment process initiated at the Centre and initiate it at the State level" was a popular opinion held prior to 2016 . However the case seems to changing and now PSUs offer tremendous hope to Kerala . [10]

List of state PSUs in Kerala[edit]

Sl. No Company HQ Location Sector Remarks
1 Astral Watches Limited, Kowdiar Thiruvananthapuram Engineering Company declared Defunct[11]
2 Autokast Limited Cherthala Engineering profit making
3 Bekal Resorts Development Corporation Ltd., Thiruvananthapuram Tourism Profit making
4 Foam Mattings (India) Limited Alappuzha Traditional industry
5 Forest Industries (Travancore) Limited, Kochi Wood based industry
6 Handicrafts Development Corporation of Kerala Ltd Thiruvananthapuram Traditional industry Loss making
7 InfoPark, Kochi Kochi Information Technology Profit Making
8 Kerala Agro Industries Corporation Limited Thiruvananthapuram Agro based Profit Making
9 Kerala Agro Machinery Corporation Ltd., Kochi Engineering Profit Making
10 Kerala Artisans' Development Corporation Ltd., Thiruvananthapuram Welfare loss making
11 Kerala Automobiles Limited Thiruvananthapuram Engineering Loss making
12 The Kerala Ceramics Limited Kundara Ceramics & Refractories Loss making
13 Kerala Clays and Ceramic Products Limited Kannur Ceramics & Refractories Profit making
14 Kerala Construction Components Limited Cherthala Ceramics & Refractories Closed down
15 Kerala Electrical and Allied Engineering Company Ltd. Kochi Electrical equipment
16 Kerala Feeds Limited Thrissur Cattle Feed Profit Making
17 Kerala Garments Limited Kannur Textiles Closed down
18 Kerala Hitech Industries Limited Thiruvananthapuram Engineering
19 Kerala Industrial Infrastructure Development Corporation (KINFRA) Thiruvananthapuram Developmental & Infrastructure
20 Kerala Khadi & Village Industries Board Thiruvananthapuram Traditional industry
21 Kerala Land Development Corporation Limited Thiruvananthapuram Developmental & Infrastructure Loss making
22 Kerala Medical Services, Corporation Thiruvananthapuram
23 Kerala Minerals and Metals Ltd. Kollam Chemical industries Profit Making
24 Kerala Police Housing and Construction Corporation Limited Thiruvananthapuram Developmental & Infrastructure Loss making
25 Kerala Premo Pipe Factory Chavara Unit closed down
26 Kerala Shipping & Inland Navigation Corporation Ltd. Kochi Public utilities
27 Kerala Small Industries Development Corporation Ltd., (SIDCO) Thiruvananthapuram Developmental & Infrastructure Profit making
28 Kerala Soaps & Oils Ltd. (Not to be confused with Kerala Soaps Unit) Kozhikode Chemical industries Liquidated
29 Kerala Solvent Extractions Ltd Thrissur Agro based Profit Making
30 The Kerala State Bamboo Corporation Ltd Thiruvananthapuram Agro based Loss making
31 Kerala State Beverages Corporation. Thiruvananthapuram Trading unit
32 Kerala State Cashew Development Corporation Ltd. Kollam Agro based Loss making
33 Kerala State Civil Supplies Corporation Ltd. Kochi Trading unit
34 Kerala State Coconut Development Corporation Ltd. Attingal Agro based Under liquidation
35 Kerala State Coir Corporation Ltd. Alappuzha Agro based Profit Making
36 Kerala State Construction Corporation Ltd. Kochi Engineering
37 Kerala State Co-operative Federation for Fisheries Development Ltd., Matsyafed Thiruvananthapuram Fisheries
38 Kerala State Detergents and Chemicals Ltd. Kuttipuram Chemical industries Closed down
39 Kerala State Cooperative Textile Federation Ltd. Thiruvananthapuram Textile Loss making
40 Kerala State Development Corporation for Christian Converts from Scheduled Castes and the Recommended Communities Kottayam Financing, Marketing, Education Loss Making
41 Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd. Thrissur Welfare
42 Kerala State Drugs and Pharmaceuticals Limited Alappuzha Chemical industries Profit making
43 Kerala State Electricity Board Thiruvananthapuram Public utilities
44 Kerala State Electronics Development Corporation Ltd., (KELTRON), Thiruvananthapuram Electronics Profit making
45 Kerala State Film Development Corporation Ltd. Thiruvananthapuram Developmental & Infrastructure Loss making
46 Kerala State Financial Enterprises Ltd. Thrissur Developmental & Infrastructure Profit Making
47 Kerala State Handicapped Persons Welfare Corporation Ltd. Thiruvananthapuram Welfare
48 Kerala State Handloom Development Corporation Ltd. Kannur Traditional industries Loss making
49 Kerala State Horticultural Products Development Corporation Ltd., (Horticrop) Thiruvananthapuram Agro based Loss making
50 Kerala State Housing Board Thiruvananthapuram Public utilities Loss making
51 Kerala State Industrial Development Corporation Ltd. Thiruvananthapuram Development & Infrastructure Profit Making
52 Kerala State Industrial Enterprises Ltd Thiruvananthapuram Development & Infrastructure Profit Making
53 Kerala State Industrial Products Trading Corporation Ltd. Thiruvananthapuram Trading units Loss making
54 Kerala State Maritime Development Corporation Ltd. Kochi Public utilities Loss making
55 Kerala State Poultry Development Corporation Ltd. Thiruvananthapuram Agro based
56 Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd., (KELPAM) Thiruvananthapuram Welfare Loss making
57 Kerala State Road Transport Corporation Thiruvananthapuram Public utilities Loss making
58 Kerala State Rural Women's Electronics Industrial Co-operative Federation Ltd-RUTRONIX Thiruvananthapuram Electronic /IT Training
59 Kerala State Salicylates & Chemicals Ltd. Thiruvananthapuram Chemical industries Closed down
60 Kerala State Textile Corporation Ltd. Thiruvananthapuram Textiles Loss making
61 Kerala State Warehousing Corporation Kochi Agro based Loss making
62 Kerala State Women's Development Corporation Ltd. Thiruvananthapuram Welfare
63 Kerala State Wood Industries Ltd. Malappuram Wood based industry Loss making
64 Kerala Tourism Development Corporation Ltd. Thiruvananthapuram Tourism Profit making
65 Kerala Urban and Rural Development Finance Corporation Ltd. Thiruvananthapuram Development & Infrastructure
66 Kerala Water Authority Thiruvananthapuram Public utilities Loss making
67 LBS Institute of Technology for Women Thiruvananthapuram Engineering Education
68 Malabar Cements Limited Palakkad Chemical industries Profit Making
69 Malabar Co-operative Textiles Ltd. (MALCOTEX) Malappuram Textiles
70 Meat Products of India Ltd. Kochi Agro based
71 Oil Palm India Ltd. Kottayam Agro based Profit Making
72 Overseas Development and Employment Promotion Consultants Ltd. Thiruvananthapuram Labour & Rehabilitation
73 Rehabilitation Plantations Ltd Punalur Labour & Rehabilitation Profit Making
74 Roads and Bridges Development Corporation of Kerala Ltd. Kochi Public works
75 Scooters Kerala Ltd. Alappuzha Engineering Closed down
76 Sideco Mohan Kerala Ltd. Thrissur Unit closed down
77 Sidkel Televisions Ltd. Thiruvananthapuram electronics Unit closed down
78 Sitaram Spinning and Weaving Mills Thrissur Textiles Loss making
79 State Farming Corporation of Kerala Ltd. Punalur Agro
80 State Rural Development Board Thiruvananthapuram Development & Infrastructure Unit closed down
81 Steel Complex Ltd. Kozhikode Engineering Loss making
82 Steel and Industrial Forgings Ltd Thrissur Engineering Profit Making
83 Technopark, Trivandrum Thiruvananthapuram Development & Infrastructure, Information Technology Profit Making,Single largest employment facilitator in Kerala
84 The Metal Industries Ltd. Palakkad Engineering Loss making
85 The Metropolitan Engineering Company Ltd. Thiruvananthapuram Electrical equipment Unit closed
86 The Pharmaceutical Corporation (IM) Kerala Ltd., (Oushadhi) Thrissur Chemical industries Profit Making
87 The Plantation Corporation of Kerala Ltd. Kottayam Agro based
88 The Priyadarshini Co-operative Spinning Mills Ltd. Kottayam Textiles
89 Tourist Resorts (Kerala) Ltd. Thiruvananthapuram Tourism
90 Traco Cable Company Ltd. Kochi Electrical equipment Loss making
91 Transformers and Electricals Kerala Limited Kochi Electrical equipment Profit Making
92 Tranvancore Cochin Chemicals Ltd. Kochi Chemical industries Profit making
93 Travancore Cements Ltd. Nattakom Kottayam Chemical industries Loss making
94 Travancore Plywood Industries Ltd. Punalur Wood based industry Closed down
95 Travancore Sugars & Chemicals Ltd. Thiruvalla Chemical industries
96 Travancore Titanium Products Ltd. Thiruvananthapuram Chemical industries Profit Making
97 Trivandrum Rubber Works Ltd. Thiruvananthapuram Agro based Liquidated
98 Trivandrum Spinning Mills Ltd. Thiruvananthapuram Textiles Closed down
99 Tourist ResortsLtd. Thiruvananthapuram Infrastructure & Development
100 United Electrical Industries Ltd. Kollam Electrical equipment Loss making.
101 The Trichur Co-operative Spinning Mills Ltd Thrissur Textiles

List of state PSUs in Kerala under joint ownership with Central Government[edit]

Sl. No Company HQ Location Sector Remarks
1 Handicrafts Development Corporation of Kerala Limited Thiruvananthapuram Traditional industry Loss making
2 Kerala Agro Industries Corporation Limited Thiruvananthapuram Agro based
3 Kerala Forest Development Corporation Limited Kottayam Agro based Profit Making
4 Kerala Khadi & Village Industries Board Thiruvananthapuram Traditional industry
5 Kerala State Road Transport Corporation Thiruvananthapuram Public utilities Loss making
6 Kerala State Warehousing Corporation Kochi Agro based Loss making
7 Kerala State Women's Development Corporation Limited. Thiruvananthapuram Welfare
8 Kerala State Wood Industries Ltd. Malappuram Wood based industry Loss making
9 Oil Palm India Ltd. Kottayam Agro based Profit Making
10 Rehabilitation Plantations Limited Punalur Labour & Rehabilitation Profit Making
11 Kerala Land Development Corporation Limited Thiruvananthapuram Developmental & Infrastructure Loss making
12 Kochi Metro Rail Limited Kochi Metro rail

References[edit]

  1. ^ [1] Archived 18 May 2006 at the Wayback Machine
  2. ^ "Home". Kerala Bureau of Industrial Promotion (K-bip).
  3. ^ [2][dead link]
  4. ^ A REVIEW OF PUBLIC ENTERPRISES IN KERALA 2004–2005, Bureau of Public Enterprises, Government of Kerala
  5. ^ "Archived copy". Archived from the original on 10 July 2010. Retrieved 17 June 2010.CS1 maint: archived copy as title (link)
  6. ^ ThiruvananathapuramMay 26, P. S. Gopikrishnan Unnithan; May 27, 2018UPDATED; Ist, 2018 00:02. "From Rs 131.6 crore net loss, Kerala's PSUs post Rs 106.91 crore net profit in 2 years". India Today.CS1 maint: numeric names: authors list (link)
  7. ^ a b c d [3][dead link]
  8. ^ "17 PSUs in Kerala register operational profit as 13 clock net profit". The New Indian Express.
  9. ^ Restructuring public enterprises in India: privatisation and disinvestment By R. K. Mishra, B. Navin 2002.
  10. ^ Kumar, V Sajeev (30 June 2016). "Call to divest from loss-making PSUs". The Hindu Business Line. Retrieved 2 October 2017.
  11. ^ [4][dead link]