Peerless Group

Peerless Group
Public
Industry Insurance, Financial services, Travel, Hotel, Real estate
Founded 25 October 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 headquarter located at Kolkata, West Bengal. It was established in 1932 by industrialist Radhashyam Roy (then a School Teacher)in Narayanganj, Bangladesh.[3][4]

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,[5] Bengal Peerless (real estate), Kaizen Holidays, Peerless Hotels, 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

  1. 1 2 Roy, p. 242
  2. ↑ "The New Face of Peerless". Times of India. 13 February 2012. Retrieved 29 February 2016.
  3. 1 2 "Peerless shelves JV plan in MF venture". The Economic Times. 11 Feb 2011.
  4. ↑ "Peerless Group chalks out fresh roadmap". The Hindu. 14 December 2007.
  5. ↑ "Peerless Hospital Official Website".
  • Dilip Roy (1997). "17. Peerless Group: A Look at the Past and Future". Strategic management: Indian experience. Gyan Books. pp. 241–256. ISBN 81-212-0546-8.
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