Peerless Group is an Indian business conglomerate headquartered in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fou ...

. It was established in 1932 by industrialist Radhashyam Roy (then a School Teacher) in Narayanganj,

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

. 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, Bengal Peerless (real estate), Kaizen Holidays, Peerless Hotels, Peerless Sports Club and Peerless Securities.

History

The Peerless Insurance Company Limited was founded in Narayanganj,

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

) in 1935, which led to rapid increase in its fortunes.

References

{{Insurance in India Life insurance companies of India Financial services companies of India Companies based in Kolkata Conglomerate companies established in 1932 Conglomerate companies of India Financial services companies established in 1932 Indian companies established in 1932