Peerless enters 75th year

The Peerless General Finance & Investment Company Limited, one of India's premier registered residuary non-banking company, has entered its 75th year.

West Bengal Chief Minister Buddhadeb Bhattacherjee inaugurated the company's year-long platinum jubilee celebrations on Wednesday. Lok Sabha Speaker Somnath Chatterjee was the chief guest at the function. Chatterjee released a book,Circle of Life, on the occasion.

The function was attended by a galaxy of distinguished personalities and eminent celebrities from diverse spheres.

D Basu, chairman of the company, in his welcome speech stressed on the characteristics of Peerless as a leading institution that has stood the test of time.

S K Roy, managing director of the company, spoke about the institution's impeccable track-record, trust and confidence of 45 million customers, excellent service, vast distribution network, seamless IT connectivity, pan-Indian presence, and tailor-made product range.

He also said that the company is ready for the challenges of the future and its plans include:

• Foraying into newer avenues of business, including mutual funds;
• Enlarging the scope of health-care services including telemedicine and entry into professional education;
• Expanding the hotel-chain;
• Providing a bouquet of technology-driven capital market services; and
• Undertaking diverse projects from newer housing complexes to shopping malls and other conveniences.

He also announced many welfare projects to be taken up by the company for the betterment of the society, including scholarships for meritorious students of weaker / minority section in West Bengal, to help them pursue higher education.