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Kerala Infrastructure Investment Fund Board
KIIFB is constituted under Finance Department of Kerala for raising funds both in the medium as well as long term to finance critical and large infrastructure projects.
Sector Focus
Finance NBFC
Highest Credit Rating
IND AA (CE) by Ind-Ra
Listing (Debt)
BSE
Date of NBFC License by RBI
1999
Business & Products
Funding for Kerala state government infrastructure projects
Promoter
Government of Kerala
Key Management Personnel
K N Balagopal
Hon'ble Minister for Finance - Vice Chairperson
Pinarayi Vijayan
Hon'ble Chief Minister of Kerala - Chairperson
KM Abraham
CEO & Member Secretary
Bonds issued by Kerala Infrastructure Investment Fund Board
Financial Performance
| Particulars | FY24 (₹ in cr) | FY23 (₹ in cr) |
|---|---|---|
| Total Assets | 24362.57 | 20822.52 |
| REVENUE | 5636.72 | 5338.08 |
| PAT | 1.83 | 1.61 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| INDIA RATINGS AND RESEARCH PVT | IND AA (CE) | -- |
Top Lenders to Kerala Infrastructure Investment Fund Board
SBI
Kotak Mahindra Bank
HDFC Bank
ICICI
Axis Bank
Bank of India
Bank of Baroda
Standard Chartered Bank
Indian Overseas Bank
Strength
Adequacy of pledged revenue
DSRA and corpus fund
Structured payment mechanism
Transaction structural features
Shortfall guarantee from GoKe
GoKe’s ownership and control of KIIFB
Weakness
Potential revenue risk during an adverse economic situation
Kerala’s moderate economic performance
State’s high deficit and debt ratios
Important Links
Source:
Investors Presentation, Information Memorandum & Rating Rationale of KIIFB
