Peerless Group
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Company type | Public |
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| Headquarters | Kolkata, India |
Key people | D. Basu, Chairman Sunil Kanti Roy (1944-2022), Managing Director[1] |
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| Subsidiaries | Peerless General Finance & Investment Company Ltd[2] |
| Website | www.peerless.co.in |
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Peerless Group is an Indian business conglomerate headquartered in Kolkata, West Bengal.
History
The company was established in 1932 by industrialist Radhashyam Roy (then a School Teacher) in Narayanganj, Bangladesh.[3][4] The company shifted base to Calcutta (now Kolkata) in 1935.
Also in 1932, he along with his friend and co-promoter Kali Kumar Chatterjee registered Hollywood Pictures Limited and later as an extension to film-making business, he built Jayshree Cinema Hall at Baranagar which was slated to open in 1946. Also in 1943, he registered Indian National Bank and was eager to convert it into a scheduled bank. But, due to communal riots ahead of Partition of India delayed the plan.
But, both the cinema hall and the bank went into liquidation. After the liquidation Peerless Life Insurance became the flagship company.[5] Thereafter, Peerless Life Insurance was nationalized in 1956 and merged with Life Insurance Corporation.[5]
Post-liberalization, Peerless General Finance & Investment Company Limited was established as a Registered Residuary Non-banking Company.
In 2022, Sunil Kanti Roy, the Managing Director of the Group and a Padma Shri recipient, died.[6] He had assumed the leadership of the conglomerate from his elder brother, B.K. Roy, in 1985.[7]
Businesses
Currently, the Peerless Group operates with the following subsidiaries:
- Peerless General Finance & Investment Company - General Insurance
- Peerless Hospital - Healthcare
- Bengal Peerless - Real Estate
- Kaizen Holidays - Hospitality
- Peerless Hotels - Hospitality
- Peerless Sports Club - Sports
- Peerless Securities - Security
References
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- ^ Page Module:Citation/CS1/styles.css has no content."The New Face of Peerless". Times of India. 13 February 2012. Archived from the original on 4 March 2016. Retrieved 29 February 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Non-finance business to drive growth of Peerless Group". The Hindu. 28 October 2017.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Peerless shelves JV plan in MF venture". The Economic Times. 11 February 2011. Archived from the original on 16 March 2014.
- ^ Page Module:Citation/CS1/styles.css has no content."Peerless Group chalks out fresh roadmap". The Hindu. 14 December 2007.
- ^ a b Page Module:Citation/CS1/styles.css has no content.Bandyopadhyay, Tamal (6 June 2014). Sahara: The Untold Story. Jaico Publishing House. ISBN 978-81-8495-546-0.
- ^ Page Module:Citation/CS1/styles.css has no content."Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2016. Archived from the original (PDF) on 15 October 2015. Retrieved 3 January 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Peerless Group MD S K Roy dies, Mamata offers condolences". www.millenniumpost.in. 10 May 2022. Retrieved 28 November 2023.
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