Peerless group poised for growth, targets Rs 1,000 crore turnover

PGFI's revenues for the year ended March 31, 2022, had stood at around Rs 498 crore while profit for the year was at 102.76 crore. But pre-Covid, turnover was in the region of Rs 535 crore

The Peerless group is charting out a growth plan that will take its turnover to around Rs 1,000 crore in the next three years.

Peerless completed the Reserve Bank of India-mandated turnaround plan a few years ago and is now looking at the next phase of growth. Jayanta Roy, managing director, The Peerless General Finance & Investment Company (PGFI), the holding company, said that in the next three years, Peerless should leapfrog.

Two momentous occasions are coming up for Peerless – the centenary of B K Roy (elder son of founder, Radhashyam Roy) in 2025 and the centenary of Peerless