The origin of the Chit Funds can be traced back to many centuries in the rural parts of Southern India. Chit Fund is one of the oldest forms of indigenous financing in India. It is also a means of saving. In the ancient form of a Chit Fund scheme, a group of persons would deposit a fixed measure of grains with a trustee periodically, and the total quantity of grains collected at the end of any given period would be given to one among them, by drawing lots, is called 'kurippu' in malayalam from which the word 'kuri' is derived. The words 'kurippu' and 'kuri', translated into English, means 'Chit' from which the term 'Chit Fund' was coined.The Chit Fund schemes have remained much the same even today as they were in the beginning. One difference that has arisen over the centuries is that now the subscribers contribute in terms of money instead of agricultural produce as it used to be in the earlier days. The basic characteristics of a Chit Fund scheme, namely ,all subscribers contributing to common fund which is given to one of the subscriber is rewarded with the Chit amount (known as 'Chit prize amount') by the end of the scheme, remain without any change even today. In the olden days, when banking facilities were not available in the rural parts of the country, the needy people mainly depended on Chit Funds, as a mutual benefit activity for satisfying their financial needs. Even now, the procedural difficulties in availing bank finance make Chit funds an attractive and easy source of finance to a common man. In recent years, the Chit Fund activity has assumed the characteristics of a business and it has spread from the rural areas to urban areas.A Chit Fund is, thus, a mutual benefit saving scheme of a group of people who are the subscribers to the scheme. All subscribers contribute to the scheme in installments. After receipt of every installment, a lump sum amount is given to one of the subscribers by draw of lots or by auction, so that everyone of them is awarded the amount by the end of the scheme. The Hon'ble Supreme Court has held in M/s Shriram Chits & Investments (P) Ltd v. Union of India (AIR 1993 SC 2063) that Chit Fund business cannot be termed as money lending businesses. Most of the subscribers to the Chit Fund schemes are individuals who use these schemes to channelise their savings or are planning to meet their financial commitments in future. Whenever a subscriber needs money, he may bid for the Chit to receive the Chit amount. Since the installments may be spread over many years as per a Chit Fund scheme, the prize amount is repaid over the years. Small traders form a sizable chunk of subscribers who use Chit Fund schemes as a means of financing their businesses.The popularity of Chit Fund schemes is on the increase in certain parts of the country. More and more Chit Fund enterprises are coming up with attractive prizes. Many of such Chit Fund schemes are fully subscribed

Kerala Financial Corporation (KFC) incorporated under the State Financial Corporations Act of 1951, is a trend sector and path breaker in the field of industrial finance to service sector projects. It plays a major role in the development and industrialisation of Kerala by extending financial assistance to suit the requirementsof the enterpreneurs.

Don Bosco Kuries Private Limited ,Witnessed by Mr. C.T. Davis and presented the same to the Registrar of Companies, Karnataka, dated 30th January 1981. The company got the Registration on 6th February 1981 from the Registrar of Companies Bangalore and the number of the company is 4102/1981. The address of the Registered office at Bangalore is 43, Nagareswaraswami Temple Complex, Nagarathpet, Bangalore. The branch office at Thrissur started on 18th February 1981 and the address is at Palakkal Angadi, Thrissur.The Share Capital of the Company is Rs.2,50,000/-(Two Lakhs Fifty Thousand Only) divided into 50 (Fifty) Equity shares of Rs.5,000/- (Five Thousand Only). Besides the 8(Eight) promoters 42 (Fourty Two) persons have been enrolled. The following are the persons enrolled:09) Mr.K.D.Paul, Kattookaran House, T.B.Road, Thrissur.10) Mr.K.T.Chakkappan, Kanichai House, Vynthala, Chalakudy11) Mr. K.M.I.Mather, Noor Mahal, Ernakulam12) Mr.C.P.Maney, Chalissery House, Chelakottukara, Thrissur13) Mr.Anto Perinchery, Perinchery's Wine Shop, Thrissur14) Mr.T.P.Ouseph, Thattil Nadakalan House, Peringottukara, Thrissur15) Mr.C.P.Davis, Chettupuzhakaran House, Mannuthy, Thrissur16) Mr.K.L.Vareed, Kavalakatt House, Bishop Palace Road, Thrissur17) Mr.P.D.Joseph, Pallan House, Cemetry Road, Mission Quarters, Thrissur18) Mr.Antony Kollannur, Kollannur House, Fatimanagar, Thrissur19) Mr.K.C.Louis, Kanjiraparambil House, Chelakottukara, Thrissur20) Mr.E.A.Joseph, Erinjery House, Opp Assisi House, Thrissur 21)Mr.E.D.Joseph, Edathiruthikaran House, Chelakottukara, Thrissur22) Mr.K.A.Raphael, Kavalakatt House, Mission Quarters, Thrissur23) Mr.K.L.Antony, Kavalakatt House, Near Kottapuram Temple, Thrissur24) Dr.Paul Francis, Nadukavukaran House, Anchangadi, Thrissur25) Mr.P.G.Joseph, Puthur Kythakott House, Laloor, Elthuruth, Thrissur26) Mr.A.J.Pauly, Alappatt House, Krishna Iyer Lane, Chembukavu, Thrissur27) Mr. P.D.Sebastian, Puthoor House, Mission Quarters, Thrissur28) Mr.T.O.Lonappan, No.444, Jose Buildings, Round South, Thrissur29) Mr.C.T.Davis, Chirayath House, Pipe Line Road, Mylipadam, Thrissur30) Mr.K.O.John, Kanjiraparambil House, Sasthri Road, Nellikunnu, Thrissur31) Mr.A.A.Lona, Attokaran House, Mapco Street, Kuriachira, Thrissur32) Mr.Antony Vellara Senior Store Keeper, L.R.D.E, Bangalore33) Mr.A.P.John, Anchery House, S.Block, No.36, Anna Nagar, Chennai34) Mr. P.A. Joseph, No.46, Castle Street, Bangalore35) Mr.V.C.Joseph, Advocate, Brigade Road, Bangalore36) Mr.Joseph Kavalakatt, Advocate, Pallikulam Road, Thrissur37) Mr. K.T.Joseph, Kachappilly House, Pamboor, Kuttoor, Thrissur38) Mr.C.A.Joseph, Chelapadan House, East Fort, Thrissur39) Mr.Jolly Kattookaran, Kattookaran House, East Fort, Thrissur40) Mr. Poulose.P.Panakkal, Panakkal House, Padinjarekara, Vaikom41) Mr.V.L.Joseph, Veluthukaran House, Munalingal, Calicut42) Mr. Thomas KOllannur, Lollannur HOuse,Chelakottukara, Thrissur43) Mr.K.Narayanan Namboodiri, Kizhaprakatt Mana, Kottanad, Palakkad44) Mr.A.A.Lonappan, Aalappatt Thoppil House, Karanchira, Thrissur45 Mrs Malli Paul, NO.46, K.S.H.B Paravattani, Thrissur46) Mr.K.N.Subraya Mannadiar, Vasantha Rice Mills, Kollengode, Palakkad47) Mr.C.J.Paul, Chettupuzhakaran House, Mission Quarters , Thrissur48) Mr. A.Liyppu, Alappat House, East Fort, Thrissur49) Mr.Ragan.U.Attokaran, Attokaran House, Chembukavu , Thrissur50) Mrs. Sita Paul, Shageena Nursing Home, Annamanada, Mala, Thrissur Filing of form No.2 was done on 21st April 1981The First Directors were appointed as per resolution dated 10th February 1981 The Directors are:-