About Us Heritage

The new frontiers of trust

From a modest beginning in Narayanganj, now in Bangladesh, Peerless has come a long way indeed. The Peerless General Finance & Investment Co. Ltd. (PGFI) or Peerless as it is known far and wide, has 8 proud decades of experience behind it and a family of four crore customers who put their implicit faith in the brand. The Company has become part of the India’s life and times, with maturity payments of nearly Rs. 20,000 crore to its credit

We celebrated our 90th Foundation Day on 25.10.2021

Here's a glimpse at the glorious history of the company.

The Founder - Late Radhashyam Roy

A humble beginning

  • The Peerless Insurance Co. Ltd. launched in 1932 by a 33-year old high school teacher, Late Radhashyam Roy, and like minded idealist friends, at Dhaka's port of Narayanganj, now in Bangladesh.
  • Directing the nationalistic fervor of the time to business endeavor, to address the insurance needs of Indians, a sector then monopolized by foreign companies.
  • Starting with paid up capital of Rs.300, it became a leading Provident Insurance Company, before moving to Kolkata.
  • Following nationalization of life insurance in 1956, focus turned on small savings: India's first Non-banking Finance Company.

The Pioneer - Late B.K Roy

Architect of modern Peerless

  • Late B K Roy pioneered the concept of doorstep service for mobilizing small savings from semi-urban and rural areas.
  • Free insurance benefit against accidental death, introduced in the year 1972 with savings schemes.
  • Peerless introduced the concept of direct marketing by engaging agents through its Swarojgar Yojana. Agency system designed to promote self-employment, while ensuring operational control of a massive infrastructure.

Our guiding light - Late K. K. Chatterjee

Founder Director

Along with the Founder, he set in motion this great enterprise. It is his foresight and commitment that guide and inspire us, as we endeavour to take this Company to new heights in the market. We are certain to succeed, driven as we are by his vision and values.