<h1>State-owned NBFC wins national Swadesh Samman for sector leadership after ?512 crore profit and ?1 lakh crore turnover</h1> A Kerala state-owned non-banking financial company received a national Swadesh Samman award recognizing sectoral leadership and strong corporate performance. The company, wholly owned by the state government and established to provide a public alternative to private chit funds, reported a profit of INR 512 crore for 2024-25 and a business turnover reaching INR 1 lakh crore. The award, conferred by a private foundation after panel evaluation, highlights reputational and sectoral recognition but does not alter the company's regulatory status as a miscellaneous non-banking company under applicable financial laws and state ownership obligations.