The Peerless Group, a prominent Kolkata-based conglomerate, has unveiled an ambitious investment plan of approximately INR 1,000 crore (USD 134 million) aimed at bolstering its presence in the healthcare and real estate sectors over the next three years.
In a significant development, Peerless Group has earmarked INR 500 crore for the creation of the SK Roy Institute of Oncology Services (SRIOS), a state-of-the-art 160-bed cancer-care facility. Set to commence operations in 2026, SRIOS will mark a substantial advancement in cancer treatment and care in the region. This initiative was disclosed during the 91st annual general meeting of Peerless General Finance and Investment (PGFI), the flagship company of the Group. Additionally, the Group is exploring further opportunities for acquisitions within the healthcare sector to enhance its service offerings and market reach.
On the real estate front, Peerless Group is embarking on the development of Trayam, a mixed-use project located in Kolkata. This venture, with a projected investment of INR 500 crore, will encompass retail, commercial, and residential spaces, providing a holistic environment for urban living and business. Scheduled for launch this year, Trayam is anticipated to be completed within the next four years, representing a significant addition to Kolkata’s real estate landscape.
In a related move, PGFI has recently acquired a Non-Banking Financial Company-Investment and Credit Company (NBFC-ICC) license, marking a notable step in diversifying its financial services. The Group reported a turnover of approximately INR 961 crore in the previous fiscal year, reflecting its robust financial health and operational scale.
