Timeline Title
Timeline of Peerless
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A reflection of Peerless' spirit, purpose, and enduring legacy.
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timw, 1932, The Peerless Insurance Co. Ltd. is founded in Narayanganj (now in Bangladesh), 1935, The central office of Peerless shifts to Kolkata, 1939, The name of the Company is changed from The Peerless Insurance Co. Ltd. to The Peerless Provident Insurance Co. Ltd., 1947, The name is again changed to The Peerless General Insurance & Investment Company Limited, and the Company achieves a pan-India presence
time2, 1956, Social Welfare Scheme launched by Peerless Concept of Recurring Deposit Scheme launched, a first for India, 1969, New Savings-cum-Investment Schemes introduced after consultation with actuarial advisors
1974, 1974, The name is changed to The Peerless General Finance and Investment Company Limited (PGFI). The registered office is shifted to Peerless Bhavan, 1984, PGFI marks significant growth, reaching over 19 million certificate holders
1991, 1991, First phase of diversification initiated, 1992, PGFI becomes a Residuary Non-Banking Company (RNBC)
2009, 2009, Shri S. K. Roy receives the prestigious Padma Shri Award from the then President of India, Smt. Pratibha Patil, in recognition of his contribution to
2011, 2011, PGFI voluntarily discontinues its RNBC business, 2023, PGFI is granted the license of a Non-Banking Financial Company – Investment & Credit Company (NBFC-ICC)
2025, 2025, PGFI launches its first independent real estate project, Trayam, in Newtown, Kolkata — bringing together the concept of “Work, Live, Play” with a seam
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Our Vision
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Heritage Subtitle
Radhashyam Roy (1899-1960)
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Heritage main title
The Founder
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Radhashyam Roy, a school teacher from Narayanganj (now in Bangladesh), founded Peerless Insurance Company Limited in 1932 with a modest working capital of Rs. 300. His mission was to create jobs for locals and build a business that financially empowered Indians, freeing them from foreign control.
Amid the political awakening of the Gandhian era, he transformed this nationalistic spirit into a business opportunity. His innovative approach, including small savings schemes and proactive service, made financial security accessible to the common person.
Under his leadership, Peerless grew from a small insurance startup into a leading Provident Insurance Company, expanding from small-scale savings to broader financial services.
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Heritage Subtitle
Bhudeb Kanti Roy (1925-1985)
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Heritage main title
The Architect
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With the same focus and determination as his father (R. S. Roy), Bhudeb Kanti Roy transformed Peerless into a household name. In 1956, he made history by introducing the Social Welfare Scheme, pioneering the concept of Recurring Deposits in India.
He also introduced the revolutionary idea of doorstep service, mobilizing small savings from semi-urban and rural areas, making financial security more accessible. In 1972, Peerless expanded its offerings by providing free accident insurance along with its savings schemes, significantly boosting its reach and scale.
Bhudeb Kanti Roy also introduced the Swarojgar Yojana, a unique direct marketing model that engaged agents as self-employed entrepreneurs, ensuring operational control while creating livelihood opportunities.
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Heritage Subtitle
Sunil Kanti Roy (1944–2022)
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Heritage main title
The Guiding Light
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Sunil Kanti Roy joined Peerless at 25 as an assistant secretary, deeply influenced by the company’s founding principles. His visionary leadership transformed Peerless into one of Bengal’s leading business conglomerates, diversifying into hospitality, healthcare, and real estate, and creating significant employment opportunities.
Driven by a passion for social impact, he established the B K Roy Foundation, dedicated to community welfare, and the Peerless Skill Academy, turning his vision of skill development into reality.
Over the decades, his contributions were recognized with numerous prestigious awards, including the Padma Shri (2009), Shiromani Award (1992), Rajiv Gandhi Smriti Puraskar (1993), Doordarshan Hall of Fame Award (2004), and the Economic Times Lifetime Achievement Award (2017-18), celebrating his remarkable journey as a corporate leader.
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Values Title
Values
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To drive trust, profitable growth, and pride of belonging, for delivering sustainable stakeholder value.
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Heritage
Being Peerless
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Experience Centre (Adhyayan)
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Located at Peerless Bhavan in Kolkata, Adhyayan marks a humble beginning to connect people with the rich culture and values passed down by the founding generations of Peerless. It offers a glimpse into 93 years of Peerless’ journey, showcasing legacy, heritage, innovation, and dedication through immersive displays and storytelling.
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Being Peerless
Values
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Ownership
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Take end-to-end accountability
Deliver execution excellence
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Customer First
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Do what is best for the customer
Delight the customer (both internal and external)
Continuously improve based on feedback
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People-centric
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Encourage meritocracy
Bring passion and happiness to work
Attract, protect, and grow talent
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Aspirational
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Aspire high
Innovate, experiment, and learn
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Ethical & Trustworthy
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Do what is right, not what is easy
Take the sustainable route, not shortcuts