Peerless Financial Services Limited (PFS), established in 1988, is a Kolkata-based Non-Banking Finance Company (NBFC), registered with the Reserve Bank of India (RBI) as a Loan Company. PFS belongs to the “Peerless Group” which is synonymous with unparalleled customer service and has been enjoying its stakeholders’ trust and confidence for over 83 years.
Pursuant to PFS becoming a subsidiary of Peerless General Finance & Investment Company Limited (PGFI) during 2012-13, its Board was reconstituted in December 2013 with a new CEO at the helm.
PFS offers a bouquet of Loan Products to suit the financial requirement of Corporates, Firms and Individuals at competitive terms. Some of the popular loan products being offered by PFS are Loan against Property (LAP), Loan against Marketable Securities (e.g. listed shares, units of mutual funds, bonds, debentures etc.), Equipment Finance, ESOP Finance and other similar debt products. Although a relatively new player in the NBFC space, PFS has marked its presence with personalized customer service and quick turnaround time.
PFS is a professionally managed company with a Board of Directors headed by a non-executive independent Chairman having more than 40 years of experience in financial sector and the day to day affairs are managed by a professional Managing Director & CEO having 30 years of experience. Most of the directors of PFS have deep understanding and experience of financial markets.
The lending operations of PFS were revived in March 2014. It has since extended aggregate loans of Rs.45 crore to various customers. PFS’s paid up capital is now increased to Rs.50 Crore. PFS is now fully geared up to engage in the business of providing loans to corporates, firms and individuals.