Peerless group managing director, Sunil Kanti Roy, higher referred to as S Okay Roy, died on Sunday following a protracted sickness. He was 78.
The Peerless group was included in 1932 when Radheshyam Roy, S Okay Roy’s father, based The Peerless Insurance coverage Co Ltd (now, The Peerless Common Finance & Funding Co Ltd) in Narayanganj, Bangladesh.
By the point Radheshyam Roy handed away in 1960, your complete enterprise operation had shifted to Kolkata and the baton handed to elder son, B Okay Roy. The reins of management went into S Okay Roy’s arms in 1985 after B Okay Roy’s demise.
S Okay Roy joined the board in 1984 and have become joint managing director in 1990 and since 1996 had held the place of managing director. He’s credited with diversifying the Peerless group into hospitality, healthcare and actual property. The turnover of the group is about Rs 2,500 crore. In 2009, Roy acquired the Padma Shri.
He’s survived by his spouse, daughter and son, Jayanta Roy, who’s the deputy managing director.
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