PGFI announced the commencement of its mutual fund business

Peerless General Finance & Investment Company Ltd (PGFI) announced the commencement of its mutual fund business, Peerless Funds Management Company Ltd. (PFMCL), as a wholly-owned subsidiary of PGFI.

The Company has launched its products include liquid and ultra short term funds catering to institutional needs and savings fund for retail customers.

PFMCL, according to Mr S.K. Roy, Managing Director of PGFI, is the first financial services company in eastern India to have received the SEBI approval for setting up its asset management company.

The President of India Her Excellency Smt Pratibha Patil confers the prestigious Padma Shri award upon Shri S K Roy, Managing Director, The Peerless General Finance & Investment Company Ltd in recognition of his distinguished services in the field of social work. The ceremony took place in Delhi on March 31, 2009

Our respected and beloved Managing Director, Mr S K Roy has been bestowed with the prestigious ‘Padma Shri’ award by Government of India.
Our M D has been honored for exceptional and distinguished work done by him in the field of social work.

The Padma Shri is an award given by the Government of India generally to Indian citizens to recognize their distinguished contribution in various spheres of activity including the Arts, Education, Industry, Literature, Science, Sports, Social Service and public life. It was first instituted in 1954.

A felicitation ceremony to honor our MD was held at Nazrul Manch, Kolkata on February 6, 2009. Mr Dipankar Basu, Chaorman, PGFI, Mr S M Datta, Director, PGFI, Mr B Lahiri, Director(Operations), PGFI, Mr K S Bagchi, Managing Director, Bengal Peerless Housing Development Co. Ltd., Mr P P Ray, Director, Peerless Developers Ltd., Mr A K Chatterjee, Managing Director, Peerless Hotels Ltd., Mr Indrajit Gupta, Managing Director, Peerless Securities Ltd., Mr Jayanta Roy, Director(Corporate Planning & Strategy), PGFI, Mr Akshay Gupta, CEO Designate, peerless Fund Management Company spoke on the occasion. Shrimat Swami Ameyanandaji Maharaj, President, Matri Mandir & Ramakrishna Mission Sarada Sevashrama, Joyrambati, Shrimat Swami Vishwanathanandaji Maharaj, Ramakrishna Math & Ramakrishna Mission, Kamarapukur, Shrimat Swami Bodhasaranandaji Maharaj, President, Advaita Ashrama, Shrimat Swami Biswatmanandaji Maharaj, Bharat Sevashram Sanhga shared their reminiscences with the audience. Mr Anudeb Ghosh, General Secretary, Peerless Employees’ Union and Mr Pranabesh Bhattacharya, General Secretary, Peerless Karmachari Samity also addressed the gathering.


Speaking on the occasion, Mr S K Roy emphasized that the award was recognition of the collective contribution of Team Peerless in the field of social welfare. He dedicated the Padma Shri award to his late elder brother, Shri B K Roy, the architect of modern Peerless, whose selfless service to humanity inspired Team Peerless to do further. He said that the award made him feel more responsible towards his duty to society and he would continue to serve humanity to the best of his ability.

In the latter half of the evening, there was a music recital by Swagatalakshmi Dasgupta and Srikanta Acharya.

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