Peerless Group Invests Rs 11 Bn, Exits Insurance
ECONOMY & POLICY

Peerless Group Invests Rs 11 Bn, Exits Insurance

The Peerless Group, which began as a small savings company and has grown into a multi-business conglomerate, is investing Rs 11 billion across sectors, focusing on healthcare and real estate while exiting its insurance business.
At a press conference on Friday, chairman Partha Bhattacharya, managing director Jayanta Roy, and executive director Supriyo Sinha announced that group revenue rose from Rs 5.3 billion in FY22 to Rs 8.12 billion in FY25, reflecting steady progress towards its long-term vision. Over Rs 3 billion of the total investment was spent in FY25 alone, mainly in hospital and real estate projects.
The executives highlighted that the success has been aided by the cooperation of the West Bengal government, following its principle of “Bengal means Business”.
In healthcare, Peerless has prioritised efficiency and expansion. Hospital EBITDA margins improved from 12 per cent pre-pandemic to 19 per cent in recent years. The group expanded beyond West Bengal for the first time with the acquisition of a 250-bed hospital in Guwahati, inaugurated in July 2025 by the Assam Chief Minister. At Panchasayar in Kolkata, the 11-storey SK Roy Institute of Oncological Services, featuring a state-of-the-art cancer facility, is nearing completion and is expected to be operational by mid-2026, bringing the campus bed strength to 670.
On the real estate front, the group launched “Trayam”, a landmark mixed-use project in New Town, Kolkata, in June. Marketed as a space where residents can “live, work and play” at one address, the project has already received strong bookings, with several apartments sold within a month of launch.
Peerless also reported that its corporate social responsibility (CSR) spend rose to 3.2 per cent of profits in 2025, exceeding the mandated two per cent, benefiting over 40,000 people through initiatives such as healthcare and education programmes, including the Gadadhar Abhyudaya Prakalpa.
When asked about the renewal of the lease for Peerless Hotel at Esplanade, Bhattacharya said the group completed the required renewal application a year in advance and has agreed to the state’s indicated lease price, with the renewal currently in process.

The Peerless Group, which began as a small savings company and has grown into a multi-business conglomerate, is investing Rs 11 billion across sectors, focusing on healthcare and real estate while exiting its insurance business.At a press conference on Friday, chairman Partha Bhattacharya, managing director Jayanta Roy, and executive director Supriyo Sinha announced that group revenue rose from Rs 5.3 billion in FY22 to Rs 8.12 billion in FY25, reflecting steady progress towards its long-term vision. Over Rs 3 billion of the total investment was spent in FY25 alone, mainly in hospital and real estate projects.The executives highlighted that the success has been aided by the cooperation of the West Bengal government, following its principle of “Bengal means Business”.In healthcare, Peerless has prioritised efficiency and expansion. Hospital EBITDA margins improved from 12 per cent pre-pandemic to 19 per cent in recent years. The group expanded beyond West Bengal for the first time with the acquisition of a 250-bed hospital in Guwahati, inaugurated in July 2025 by the Assam Chief Minister. At Panchasayar in Kolkata, the 11-storey SK Roy Institute of Oncological Services, featuring a state-of-the-art cancer facility, is nearing completion and is expected to be operational by mid-2026, bringing the campus bed strength to 670.On the real estate front, the group launched “Trayam”, a landmark mixed-use project in New Town, Kolkata, in June. Marketed as a space where residents can “live, work and play” at one address, the project has already received strong bookings, with several apartments sold within a month of launch.Peerless also reported that its corporate social responsibility (CSR) spend rose to 3.2 per cent of profits in 2025, exceeding the mandated two per cent, benefiting over 40,000 people through initiatives such as healthcare and education programmes, including the Gadadhar Abhyudaya Prakalpa.When asked about the renewal of the lease for Peerless Hotel at Esplanade, Bhattacharya said the group completed the required renewal application a year in advance and has agreed to the state’s indicated lease price, with the renewal currently in process.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement