Public sector undertakings in Kerala


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, 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. 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.
The largest enterprises
RankBased on capital investmentBased on turnoverBased on profitabilityBased on employmentLoss making
1Kerala State Electricity BoardKerala State Electricity BoardKerala State Electricity BoardKerala State Road Transport CorporationKerala State Road Transport Corporation
2Kerala Water AuthorityKerala State Beverages Corporation Ltd.Kerala State Financial Enterprises Ltd.The Kerala State Cashew Development Corporation LimitedKerala Water Authority.
3Kerala State Housing BoardKerala State Road Transport Corporation.Kerala Minerals and Metals Ltd.Kerala State Housing BoardKerala State Civil Supplies Corporation Limited

Most of the PSUs in Kerala were loss making units until 2016.
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.
Losses in PSU were due to poor management, planning & implementation.
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.
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.
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 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.
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.
Kerala Government have chosen to restructure the loss making units and not privatisation.
"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.

List of state PSUs in Kerala

Sl. NoCompanyHQ LocationSectorRemarks
1Technopark,ThiruvananthapuramThiruvananthapuramDevelopment & Infrastructure, Information TechnologyProfit Making,Single largest employment facilitator in Kerala
2Autokast LimitedCherthalaEngineeringprofit making
3Bekal Resorts Development Corporation Ltd.,ThiruvananthapuramTourismProfit making
4Foam Mattings LimitedAlappuzhaTraditional industry
5Forest Industries Limited,KochiWood based industry
6Handicrafts Development Corporation of Kerala LtdThiruvananthapuramTraditional industryLoss making
7InfoPark, KochiKochiInformation TechnologyProfit Making
8Kerala Agro Industries Corporation LimitedThiruvananthapuramAgro basedProfit Making
9Kerala Agro Machinery Corporation Ltd.,KochiEngineeringProfit Making
10Kerala Artisans' Development Corporation Ltd.,ThiruvananthapuramWelfareloss making
11Kerala Automobiles LimitedThiruvananthapuramEngineeringLoss making
12The Kerala Ceramics LimitedKundaraCeramics & RefractoriesLoss making
13Kerala Clays and Ceramic Products LimitedKannurCeramics & RefractoriesProfit making
14Kerala Construction Components LimitedCherthalaCeramics & RefractoriesClosed down
15Kerala Electrical and Allied Engineering Company Ltd.KochiElectrical equipment
16Kerala Solvent Extractions LtdThrissurAgro basedProfit Making
17Kerala Garments LimitedKannurTextilesClosed down
18Kerala Hitech Industries LimitedThiruvananthapuramEngineering
19Kerala Industrial Infrastructure Development Corporation ThiruvananthapuramDevelopmental & Infrastructure
20Kerala Khadi & Village Industries BoardThiruvananthapuramTraditional industry
21Kerala Land Development Corporation LimitedThiruvananthapuramDevelopmental & InfrastructureLoss making
22Kerala Medical Services, CorporationThiruvananthapuram
23Kerala Minerals and Metals Ltd.KollamChemical industriesProfit Making
24Kerala Police Housing and Construction Corporation LimitedThiruvananthapuramDevelopmental & InfrastructureLoss making
25Kerala Premo Pipe FactoryChavaraUnit closed down
26Kerala Shipping & Inland Navigation Corporation Ltd.KochiPublic utilities
27Kerala Small Industries Development Corporation Ltd., ThiruvananthapuramDevelopmental & InfrastructureProfit making
28Kerala Soaps & Oils Ltd. KozhikodeChemical industriesLiquidated
29The Kerala State Bamboo Corporation LtdThiruvananthapuramAgro basedLoss making
30Kerala State Beverages Corporation Ltd.ThiruvananthapuramTrading unit
31Kerala State Cashew Development Corporation Ltd.KollamAgro basedLoss making
32Kerala State Civil Supplies Corporation Ltd.KochiTrading unit
33Kerala State Coconut Development Corporation Ltd.AttingalAgro basedUnder liquidation
34Kerala State Coir Corporation Ltd.AlappuzhaAgro basedProfit Making
35Kerala State Construction Corporation Ltd.KochiEngineering
36Kerala State Co-operative Federation for Fisheries Development Ltd., MatsyafedThiruvananthapuramFisheries
37Kerala State Detergents and Chemicals Ltd.KuttipuramChemical industriesClosed down
38Kerala State Development Corporation for Christian Converts from Scheduled Castes and the Recommended communities Ltd.KottayamWelfareLoss making
39ThiruvananthapuramTextileLoss making
40Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd.ThrissurWelfare
41Kerala State Drugs and Pharmaceuticals LimitedAlappuzhaChemical industriesProfit making
42Kerala State Electricity BoardThiruvananthapuramPublic utilities
43Kerala State Electronics Development Corporation Ltd.,,ThiruvananthapuramElectronicsProfit making
44Kerala State Film Development Corporation Ltd.ThiruvananthapuramDevelopmental & InfrastructureLoss making
45Kerala State Financial Enterprises Ltd.ThrissurDevelopmental & InfrastructureProfit Making
46Kerala State Handicapped Persons Welfare Corporation Ltd.ThiruvananthapuramWelfare
47Kerala State Handloom Development Corporation Ltd.KannurTraditional industriesLoss making
48Kerala State Horticultural Products Development Corporation Ltd., ThiruvananthapuramAgro basedLoss making
49Kerala State Housing BoardThiruvananthapuramPublic utilitiesLoss making
50Kerala State Industrial Development Corporation Ltd.ThiruvananthapuramDevelopment & InfrastructureProfit Making
51Kerala State Industrial Enterprises LtdThiruvananthapuramDevelopment & InfrastructureProfit Making
52Kerala State Industrial Products Trading Corporation Ltd.ThiruvananthapuramTrading unitsLoss making
53Kerala State Maritime Development Corporation Ltd.KochiPublic utilitiesLoss making
54Kerala State Poultry Development Corporation Ltd.ThiruvananthapuramAgro based
55Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd., ThiruvananthapuramWelfareLoss making
56Kerala State Road Transport CorporationThiruvananthapuramPublic utilitiesLoss making
57Kerala State Salicylates & Chemicals Ltd.ThiruvananthapuramChemical industriesClosed down
58Kerala State Textile Corporation Ltd.ThiruvananthapuramTextilesLoss making
59Kerala State Warehousing CorporationKochiAgro basedLoss making
60Kerala State Women's Development Corporation Ltd.ThiruvananthapuramWelfare
61Kerala State Wood Industries Ltd.MalappuramWood based industryLoss making
62Kerala Tourism Development Corporation Ltd.ThiruvananthapuramTourismProfit making
63Kerala Urban and Rural Development Finance Corporation Ltd.ThiruvananthapuramDevelopment & Infrastructure
64Kerala Water AuthorityThiruvananthapuramPublic utilitiesLoss making
65Malabar Cements LimitedPalakkadChemical industriesProfit Making
66Malabar Co-operative Textiles Ltd. MalappuramTextiles
67Meat Products of India Ltd.KochiAgro based
68Oil Palm India Ltd.KottayamAgro basedProfit Making
69Overseas Development and Employment Promotion Consultants Ltd.ThiruvananthapuramLabour & Rehabilitation
70Rehabilitation Plantations LtdPunalurLabour & RehabilitationProfit Making
71Roads and Bridges Development Corporation of Kerala Ltd.KochiPublic works
72Scooters Kerala Ltd.AlappuzhaEngineeringClosed down
73Sideco Mohan Kerala Ltd.ThrissurUnit closed down
74Sidkel Televisions Ltd.ThiruvananthapuramelectronicsUnit closed down
75Sitaram Spinning and Weaving MillsThrissurTextilesLoss making
76State Farming Corporation of Kerala Ltd.PunalurAgro
77State Rural Development BoardThiruvananthapuramDevelopment & InfrastructureUnit closed down
78Steel Complex Ltd.KozhikodeEngineeringLoss making
79Steel and Industrial Forgings LtdThrissurEngineeringProfit Making
80The Metal Industries Ltd.PalakkadEngineeringLoss making
81The Metropolitan Engineering Company Ltd.ThiruvananthapuramElectrical equipmentUnit closed
82The Pharmaceutical Corporation Kerala Ltd., ThrissurChemical industriesProfit Making
83The Plantation Corporation of Kerala Ltd.KottayamAgro based
84The Priyadarshini Co-operative Spinning Mills Ltd.KottayamTextiles
85Tourist Resorts Ltd.ThiruvananthapuramTourism
86Astral Watches Limited, KowdiarThiruvananthapuramEngineeringCompany declared Defunct
87Traco Cable Company Ltd.KochiElectrical equipmentLoss making
88Transformers and Electricals Kerala LimitedKochiElectrical equipmentProfit Making
89Tranvancore Cochin Chemicals Ltd.KochiChemical industriesProfit making
90Travancore Cements Ltd.Nattakom KottayamChemical industriesLoss making
91Travancore Plywood Industries Ltd.PunalurWood based industryClosed down
92Travancore Sugars & Chemicals Ltd.ThiruvallaChemical industries
93Travancore Titanium Products Ltd.ThiruvananthapuramChemical industriesProfit Making
94Trivandrum Rubber Works Ltd.ThiruvananthapuramAgro basedLiquidated
95Trivandrum Spinning Mills Ltd.ThiruvananthapuramTextilesClosed down
96Tourist ResortsLtd.ThiruvananthapuramInfrastructure & Development
97United Electrical Industries Ltd.KollamElectrical equipmentLoss making.
98Kerala State Rural Women's Electronics Industrial Co-operative Federation Ltd-RUTRONIXThiruvananthapuramElectronic /IT Training
99Kerala Feeds LimitedThrissurCattle FeedProfit Making
100LBS Institute of Technology for WomenThiruvananthapuramEngineering Education
101Kerala State Development Corporation for Christian Converts from Scheduled Castes and the Recommended CommunitiesKottayamFinancing, Marketing, EducationLoss Making
102
Thrissur
Textiles

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