Peerless Group

Peerless Group
Type	Public
Industry	Insurance, Financial services, Travel, Hotel, Real estate
Founded	25 October 1932
Headquarters	Kolkata, India
Key people	D. Basu, Chairman; Sunil Kanti Roy, Managing Director
Total assets	Rs 2,500 crore
Subsidiaries	Peerless General Finance & Investment Company Ltd
Website	www.peerless.co.in

Peerless Group is an Indian business conglomerate headquartered in Kolkata, West Bengal. It was established in 1932 by industrialist Radhashyam Roy (then a School Teacher) in Narayanganj, Bangladesh.^[3]^[5]

Its major holding company is Peerless General Finance & Investment Co Ltd, which is the India's Registered Residuary Non-banking Company. It has subsidiaries like Peerless Hospital,^[6] Bengal Peerless (real estate), Kaizen Holidays, Peerless Hotels, Peerless Sports Club and Peerless Securities.

History[]

The Peerless Insurance Company Limited was founded in Narayanganj, Bangladesh by Radhyashyam Roy in 1932, soon after he was joined by his friend K. K Chatterjee and they started Provident Fund, with an investment of Rs. 20,000. The company shifted base to Calcutta (now Kolkata) in 1935, which led to rapid increase in its fortunes.^[1] The company claims following things on their website: personal finance company for common man; ensures timely maturity payment; good technological backbone; connectivity across India; relationship marketing through Smart Guides; large distribution network comprising 147 offices and 50,000 Smart Guides; employment opportunity through Smart Rojgar; service at customers' doorstep; security; confidence and trust of millions of account holders.

References[]

^ ^a ^b Roy, p. 242
^ "The New Face of Peerless". Times of India. 13 February 2012. Archived from the original on 4 March 2016. Retrieved 29 February 2016.
^ ^a ^b "Peerless shelves JV plan in MF venture". The Economic Times. 11 February 2011.
^ "Non-finance business to drive growth of Peerless Group". The Hindu. 28 October 2017.
^ "Peerless Group chalks out fresh roadmap". The Hindu. 14 December 2007.
^ "Peerless Hospital Official Website".

External links[]

[roy242-1] Roy, p. 242

[The_New_Face_of_Peerless-2] "The New Face of Peerless". Times of India. 13 February 2012. Archived from the original on 4 March 2016. Retrieved 29 February 2016.

[et-3] "Peerless shelves JV plan in MF venture". The Economic Times. 11 February 2011.

[4] "Non-finance business to drive growth of Peerless Group". The Hindu. 28 October 2017.

[5] "Peerless Group chalks out fresh roadmap". The Hindu. 14 December 2007.

[6] "Peerless Hospital Official Website".

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