Early in his life, Kochouseph Chittilappilly turned down the offer of a secure banking job, choosing instead to start a business. It was the right call—today, electrical appliances maker V-Guard Industries is one of Kerala’s largest business empires.
“I am glad that I took that decision at that time, which was a brave one at that,” Chittilappilly said in an interview to Mint. Four decades on, he is once again ready to explore uncharted waters as he prepares to launch his own non-banking finance company (NBFC), which he says will be built ground up.
Chittilappilly said that the key intent behind the NBFC is to work closely with small-scale industries and traders in his home state…