Peerless Group's ₹1,000 Crore Push in Healthcare and Real Estate

The Peerless Group is making a significant move with a ₹1,000 crore investment in healthcare and real estate over the next three years. This strategic initiative marks a pivotal expansion for the Kolkata-based conglomerate.

Central to this investment is the development of the SK Roy Institute of Oncology Services (SRIOS), a 160-bed cancer-care facility, set to open in 2026 with an investment of around ₹500 crore. Peerless Chairman Partha Sarathi Bhattacharyya revealed the group’s intention to explore additional acquisitions within the healthcare sector, underscoring their commitment to medical advancements.

Simultaneously, the group is launching Trayam, a mixed-use real estate project in Kolkata, combining retail, commercial, and residential spaces. The project, also estimated at ₹500 crore, is set to begin this year and is projected to be completed in four years, enhancing the city’s urban landscape.

PGFI Director Spriya Sinha confirmed the total investment allocation, indicating a balanced focus between healthcare and real estate. This dual approach aims to bolster Peerless's presence in both sectors.

Managing Director Jayanta Roy emphasized a strategic shift towards consumer-facing businesses, highlighting the closure of their retail loan segment and focusing on dynamic ventures following PGFI’s new NBFC-ICC license. The group’s turnover last year was approximately ₹961 crore, setting a strong foundation for these ambitious projects.

News by Rahul Yelligetti