Peerless Group Invests Rs 11 Bn, Exits Insurance

29 Sep 2025 CW Team

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.

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