KSBC was established in the year 1971 with the intention of providing bamboo and reeds for the benefit of the SC/ST communities in the state and other people engaged in cottage industries for making mats, baskets etc. The present activities include extraction of reeds from forests, distribution of reeds to traditional bamboo workers, procurement of bamboo mats from them and the production and marketing of bamboo ply boards. The headquarters is located at Angamali. About 203 labourers are now working in the corporation apart from 57 supervisory staff. Annual average turn over is about Rs. 15 crores.