Peerless Smart Financial Solutions

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Peerless Smart Financial Solutions- Overview

Peerless Smart Financial Solutions was incorporated during 1932 as The Peerless Insurance Co Ltd. It was one of the top Indian insurance companies of that time and is presently known as The Peerless General Finance & Investment Co Ltd.

Peerless Industry Position

At present Peerless is one of the top organizations when it comes to investments and savings related products and services. It is also the biggest Registered Residuary Non-banking Company (RNBC). Its basic area of expertise is generating savings from the absolutely basic levels of the economic strata.

Peerless operates all around India and tries consistently to come up with products and services that are capable of catering to the requirements of consumers and these factors have helped the organization build up its brand identity.

Peerless Subsidiaries

The subsidiaries of Peerless may be mentioned as below:
  • Peerless Hospitex Hospital & Research Center Limited
  • Kaizen Leisure & Holidays Pvt Ltd
  • Peerless Group of Hospitals - Bichitra, Lahari, Aaheli, Dr. Ego, and Nishidin
  • Peerless Developers Limited
  • Peerless Securities Ltd
  • Social Services - Polyclinics, and Peerless Diagnostic & Child Guidance Centre
  • Bengal Peerless Housing Development Co. Ltd - Sonar Taree Housing Complex, Animikha Housing Complex, Axis Multi-complex, Avishikta Housing Complex, Alaktika Housing Complex, Aahirini Neighbourhood Centre, and Avishar Commercial Complex
  • Old age Home - Milan Tirtha

Peerless Brand Image

Over the years, Peerless has built up its brand as a personal financial products and services provider, which caters to the interest of the common consumers and makes sure that the customers are paid at the proper time when their investments mature.

In addition to its India wide operations, PGFI is equipped with competent technology and employs Smart Guides to carry out its relationship marketing operations. At present the organization has 50 thousand Smart Guides. It also operates the Smart Rojgar program that enables people to earn by themselves.

Peerless also provides services at the doorsteps of the millions of its customers and believes in providing them proper levels of security that helps them earn their trust and confidence.

One of the major objectives of the organization has always been to provide its certificate owners a secure platform where they can put in their savings and also make sure that whatever they earn is reasonable enough.

Peerless Investment Policy

At present the organization has invested more than 100 percent of the funds invested by the depositors have been put in government securities as well as similarly approved media of investment. This is one of the many ways in which Peerless has tried to make a contribution to the cause of India.

In the last couple of years the organization has been able to grow in a regular and unflustered manner.

Peerless Management

The following dignitaries make up the management team at Peerless:

Name Designation
D Basu Chairman
SM Datta Director
AC Chakrabortti Director
Deepak Mukherjee Director
AK Chatterjee Director
Jayanta Roy Director (Financial Products Distribution)
SK Roy Managing Director
Pranab Kumar Choudhury Director
B Lahiri Director (Operations)

Peerless Financial Details

The following table reflects the growth achieved by the organization in 2011-12 compared to the 2010-11 fiscal:

Domain 2010-11 figures 2002-03 figures
Net worth (in INR crores) 1320 225
Cumulative maturity payments 18711 5845
Capital adequacy ration 113.74% 14.78%

Peerless Products

The monthly deposit plan of Peerless is known as T 86. It provides guaranteed returns in addition to cent percent protection of capital. The recurring deposit has a term period of 13 months and the minimum deposit amount required in this plan is INR 700 per month that is provided in multiples of 100. It offers a daily deposit as well.

Peerless News

Peerless General Finance & Investment Company (PGFI) has recently come out with its mutual fund business that will be handled by Peerless Funds Management Company Ltd. (PFMCL). PFMCL will be a completely owned subsidiary of Peerless.

PFMCL has introduced several products such as ultra short term and liquid funds that have been designed keeping in mind the institutional clients, and savings funds that are supposed to deal with the requirements of the retail customers.

The Managing Director of PFI, SK Roy, has stated that PGFI is the first organization in eastern India whose asset management firm has met with the approval of the Securities and Exchange Board of India (SEBI).

Peerless Office Network

Peerless has a pan Indian network with 147 branch offices and 8 regional offices. Its office locations may be enumerated as below:

Eastern Region I: Kolkata, Durgapur, Arambag, Habra, Asansol, Haldia, Bankura, Howrah, Barasat, Krishnanagar, Barrackpore, Muzaffarpur, Basirhat, Patna, Berhampore, Ranaghat, Bhagalpur, Serampore, Bongaon, Sonarpur, Chinsurah, Suri, Contai, Tamluk, Diamond Harbour, and Kalna

Eastern Region II: Jamshedpur, Cuttack, Balasore, Ghatal, Berhampore, Midnapore, Bhubaneswar, Rourkela, Bhadrak, and Puri

North Eastern Region: Guwahati, Jalpaiguri, Agartala, Jorhat, Alipurduar, Katihar, Birpara, Malda, Bishalgarh, Nagaon, Balurghat, Raiganj, Coochbehar, Silchar, Dharmanagar, Siliguri, Dhubri, Tezpur, Dinhata, Tinsukia, Islampur, and Udaipur

Northern Region: New Delhi, Hoshiarpur, Agra, Jaipur, Allahabad, Jalandhar, Amritsar, Jammu, Ballia, Jodhpur, Bareilly, Kanpur, Chandigarh, Kurukshetra, Dehradun, Lucknow, Faridabad, Ludhiana, Ghaziabad, Meerut, Gorakhpur, Patiala, Gwalior, Sikar, Gurgaon, Srinagar, Hissar, and Varanasi

Western Region: Mumbai, Bhopal, Aurangabad, Baroda, Jalgaon, Indore, Margao, Jabalpur, Nagpur, Mehsana, Nasik, Rajkot, Panaji, Surat, Pune, Udaipur, Thane, Raipur, and Ahmedabad

Southern Region I: Chennai, Ernakulam, Andaman, Kollam, Salem, Kannur, Trichy, Kottayam, Thiruvannamalai, Madurai, Alleppy, Thrissur, Calicut, Trivandrum, and Coimbatore

Southern Region II: Bangaluru, Mangalore, Chintamoni, Mysore, Hassan, Tumkur, Hubli, and Halasuru

South Central Region: Hyderabad, Khammam, Ananthapur, Nellore, Cuddapah, Rajamundry, Guntur, Vizag, Karimnagar, and Vijayawada

As is evident from above, majority of its operations is centered around Eastern India, especially Bengal.

Peerless Contact Details

Following are the contact details of Peerless' corporate office:

Corporate Office

Peerless Bhavan
3, Esplanade East
Kolkata- 700 069
Telephone number: (033) 2248 3247 / 3001, (033) 2220 3740
Fax: (033) 2248 5197

Corporate Office-Annexe

13 A Dacres lane
Kolkata- 700 069
Telephone number: (033) 2248 8996 / 1103

Development Office

Peerless Mansion
1 Chowringhee Square, 4th floor
Kolkata- 700 069
Telephone number: (033) 2248 9353 / 9682
Fax: (033) 2248 9701

IT&CS Department

Peerless Mansion
1 Chowringhee Square 1st floor
Kolkata- 700 069
Telephone number: (033) 2242 8317 / 8318 / 8319
Fax: (033) 2242 0118

Last Updated on 09/19/2012

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