Peerless Group

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Peerless Group
Type Public
Industry Insurance, Financial services, Travel, Hotel, Real estate
Founded October 25, 1932 [1]
Headquarters Kolkata, India
Key people D. Basu, Chairman
Total assets Rs 2,500 crore[2]
Website www.peerless.co.in

Peerless Group is an Indian business conglomerate with its headquarters located at Kolkata, West Bengal. It was established in 1932 by industrialist Radhyashyam Roy in Narayanganj, Bangladesh. [2][3]

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

History[edit]

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 based to Calcutta (now Kolkata) in 1935, which lead rapid increate in its fortunes. [1] The company claims following things in 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[edit]

External links[edit]