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When he was earning Rs 1,500 per month in 1978 at the age of 30, Subrata Roy never thought his fortune would grow into billions of dollars and his company would become the largest in the country
During his early youth, Roy was forced by harsh circumstances to sell salted snacks, or "namkeen," in Gorakhpur on his scooter. He gave his business the name Jaya Products.
Subrata Roy's death marks the end of an era for the Indian business landscape, where he was known for his vast empire that spanned various sectors including finance, media, entertainment, and real estate.
Beginning in the mid-2000s, a slew of banking sector regulations put the group on a collision path with the RBI
The Peerless Group on Monday announced ambitious plans to invest over Rs 1,000 crore in capital expenditure over the next three years, a major portion of which will be channelled into the development of hospital and real estate projects. In the financial year 2022-23, the Peerless Group reported a revenue of Rs 635 crore from operations.