Peerless Group

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Peerless Group
Public
Industry Insurance, Financial services, Travel, Hotel, Real estate
Founded October 25, 1932 [1]
Headquarters Kolkata, India
Key people
D. Basu, Chairman
Sunil Kanti Roy, Managing Director[2]
Total assets Rs 2,500 crore[3]
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.[3][4]

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 base to Calcutta (now Kolkata) in 1935, which lead to rapid increase in it's 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[edit]

  1. ^ a b Roy, p. 242
  2. ^ "The New Face of Peerless". Times of India. 13 February 2012. Retrieved February 29, 2016. 
  3. ^ a b "Peerless shelves JV plan in MF venture". The Economic Times. Feb 11, 2011. 
  4. ^ "Peerless Group chalks out fresh roadmap". The Hindu. December 14, 2007. 

External links[edit]