Peerless Group Commits INR 1000 Crore Investment

The Peerless Group, a prominent conglomerate based in Kolkata, has announced an ambitious investment strategy totalling approximately INR 1,000 crore (USD 134 million) over the next three years, aimed at significantly enhancing its footprint in the healthcare and real estate sectors. This strategic move underscores the Group’s commitment to addressing critical needs in both industries while contributing to regional development.

A major highlight of this investment plan is the allocation of INR 500 crore towards the establishment of the SK Roy Institute of Oncology Services (SRIOS), a cutting-edge 160-bed cancer-care facility set to begin operations in 2026. This initiative, revealed during the 91st annual general meeting of Peerless General Finance and Investment (PGFI), the flagship company of the Group, signifies a substantial leap forward in cancer treatment and care for the region. The facility aims to enhance access to quality healthcare, reducing the burden of cancer treatment and improving patient outcomes in a country where such services are often limited.

In addition to healthcare, the Peerless Group is set to make its mark in the real estate sector with the development of Trayam, a mixed-use project located in Kolkata. This ambitious venture will also receive an investment of INR 500 crore, focusing on creating a comprehensive environment that encompasses retail, commercial, and residential spaces. Scheduled for launch this year, Trayam is projected to be completed within four years, promising to enrich Kolkata’s urban landscape and contribute to the local economy. Furthermore, PGFI has recently acquired a Non-Banking Financial Company-Investment and Credit Company (NBFC-ICC) license, marking an important step in diversifying its financial services portfolio. The Group reported a robust turnover of approximately INR 961 crore in the previous fiscal year, highlighting its strong financial health and operational capabilities.

From a sustainability perspective, the Peerless Group’s initiatives reflect a growing awareness of the need for responsible development. The establishment of SRIOS aims to address the urgent healthcare needs of the community while ensuring that the project incorporates sustainable building practices. Similarly, the Trayam project is expected to integrate eco-friendly designs and technologies, promoting a greener urban lifestyle. As the Peerless Group embarks on these ambitious projects, stakeholders and community members will be keenly observing the positive impact these investments will have on healthcare accessibility and urban development in Kolkata. The Group’s commitment to both sectors not only promises economic benefits but also enhances the quality of life for residents.