Website www.peerless.co.in Founded 25 October 1932 Total assets 25 billion INR | Headquarters Kolkata Type of business Public | |
 | ||
Industry Insurance, Financial services, Travel, Hotel, Real estate Key people D. Basu, Chairman
Sunil Kanti Roy, Managing Director Subsidiaries Peerless Developers Ltd. | ||
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.
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
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. 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.