You are here: Home » Companies » News
Business Standard

Peerless Group managing director S K Roy, 78, dies after prolonged illness

He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The group's turnover is about Rs 2,500 crore. In 2009, Roy received the Padma Shri

Topics
CMD

Ishita Ayan Dutt  |  Kolkata 

Peerless Group managing director S K Roy, 78, dies after prolonged illness

Peerless group managing director, Sunil Kanti Roy, better known as S K Roy, died on Sunday following a prolonged illness. He was 78.

The Peerless group was incorporated in 1932 when Radheshyam Roy, S K Roy’s father, founded The Peerless Insurance Co Ltd (now, The Peerless General Finance & Investment Co Ltd) in Narayanganj, Bangladesh.

By the time Radheshyam Roy passed away in 1960, the entire business operation had shifted to Kolkata and the baton passed to elder son, B K Roy. The reins of leadership went into S K Roy's hands in 1985 after B K Roy’s demise.

S K Roy joined the board in 1984 and became joint managing director in 1990 and since 1996 had held the position of managing director. He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The turnover of the group is about Rs 2,500 crore. In 2009, Roy received the Padma Shri.

He is survived by his wife, daughter and son, Jayanta Roy, who is the deputy managing director.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 09 2022. 21:33 IST
RECOMMENDED FOR YOU
.