Peerless Group

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Peerless Group
IndustryInsurance, Financial services, Travel, Hotel, Real estate
Founded25 October 1932 [1]
HeadquartersKolkata, India
Key people
D. Basu, Chairman
Sunil Kanti Roy (1944-2022), Managing Director[2]
Total assetsRs 2,500 crore[3]
SubsidiariesPeerless General Finance & Investment Company Ltd[4]
Websitewww.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[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 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[edit]

  1. ↑ 1.0 1.1 Roy, p. 242
  2. ↑ "The New Face of Peerless". Times of India. 13 February 2012. Archived from the original on 4 March 2016. Retrieved 29 February 2016.
  3. ↑ 3.0 3.1 "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".

External links[edit]

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