33 4050 2700

Mission & Vision

PSL aims to empower clients financially through customer-centric approach and create a world-class facility for investors to experience the simplicity of investing in the financial markets.

  • PSL Mission

    To deliver value-added, technology driven services to the client while ensuring ethical and transparent business practices.

  • To drive trust, profitable growth, and pride of belonging, for delivering sustainable stakeholder value.

Company Profile

Peerless Securities

Peerless Securities

Peerless Securities Ltd. [PSL] incorporated in 1995 is a SEBI registered Financial Intermediary Company in the Peerless Group holding membership of National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX). In addition to the above, the Company is also registered with National Securities Depository Limited (NSDL) as a Depository Participant. It is also an ARN holder for Mutual Funds and is registered with SEBI as Research Analyst (R & A). Currently, the Company has a total of 10 branches spread across West Bengal and one branch in Mumbai, Maharashtra. The Company also serves its clients through Business Associates mostly in West Bengal.

PSL is considered as ‘One Stop Financial Supermarket’ that offers a diverse range of retail & institutional - investment support products and services to its clients. The bouquet of products and services includes broking services to Retail & Institutional clients in Equities, Derivatives, Commodities, Currency, Bonds, Fixed Deposits, DEMAT & repository as well as distribution of mutual funds, etc. It offers technology driven value-added services to its clients viz. PSIP, Margin Financing, NCDs etc. The Company also provides mobile application PSMART which facilitates share trading and Mr. PIP which can be used for Mutual Fund distribution and has enabled facility of Digital Account Opening- a paperless onboarding facility of new clients.

Our Heritage

  • The Peerless Insurance Co. Ltd. launched in 1932 by a 33-year old high school teacher, Late Radhashyam Roy, the founder, and like minded idealist friends, at Dhaka's port of Narayanganj, now in Bangladesh.
  • Starting with paid up capital of Rs.300, it became a leading Provident Insurance Company, before moving to Kolkata.
  • Following nationalization of life insurance in 1956, focus turned on small savings: India's first Non-banking Finance Company.
  • Late B. K. Roy, considered as Architect of the modern Peerless, pioneered the concept of doorstep service for mobilizing small savings from semi-urban and rural areas. Peerless introduced the concept of direct marketing by engaging agents through its Swarojgar Yojana. Agency system designed to promote self-employment, while ensuring operational control of a massive infrastructure. Also, free insurance benefit against accidental death, introduced in the year 1972 with savings schemes.
  • From a modest beginning in Narayanganj, now in Bangladesh, Peerless has come a long way indeed. The Peerless General Finance & Investment Co. Ltd. (PGFI) or Peerless as it is known far and wide, has 8 proud decades of experience behind it and a family of four crore customers who put their implicit faith in the brand.


Board of Directors

The Board of Directors of Peerless Securities Limited is a well balanced Board, comprising of Executive and Non-Executive Directors. The Board consists of 8 Directors, who have vast experience in Financial Sector and Securities Market.

D N Sengupta PSL Chairman
 Mr. Dibyendra Nath Sengupta Chairman & Non Executive Director
He has been associated with The Metal Box Company Limited for a very long time and a professor at IIM-Ahmedabad.
Deepak Mukerjee PSL Director
 Mr. Deepak Kumar Mukerjee Independent Director
He is a seasoned Banking professional with 38 years commercial banking experience and 20 years in Corporate Governance, Management and Financial Consultancy.
Niranjan Independent Director
 Mr. Niranjan Saha Independent Director
He is a Fellow Chartered Accountant from The Institute of Chartered Accountants of India (ICAI). He was associated with M/s Ray & Ray, Chartered Accountants
Asoke Kumar Mukhuty Non Executive Director
 Mr. Asoke Kumar Mukhuty Non Executive Director
Mr A K Mukhuty, is a Chartered Accountant by qualification. He is associated with Peerless for the last 42 years when he joined Peerless...
Atul Kumar Bajpai PSL Non Executive Director
 Mr. Atul Kumar Bajpai Non Executive Director
Associated with Peerless Group since 1987, Mr. A. K. Bajpai is a Fellow Member of The Institute of Chartered Accountants of India.
Santanam Swaminathan PSL Non Executive Director
 Mr. Santanam Swaminathan Non Executive Director
He has close to 30 years of experience in areas of finance, accounts, secretarial, legal, compliance and corporate governance.
Kanchan Chaudhuri PSL Wholetime Director
 Mr. Kanchan Chaudhuri Wholetime Director
He is an MBA in Finance and has more than two decades of rich experience in Risk Management, Surveillance, Compliance and Sales & Marketing.
Suman Banerjee PSL Wholetime Director & CISO
 Mr. Suman Banerjee Wholetime Director
He has more than two decades of rich experience in Technical & Operational Support in the area of IT Security, IT Development & IT Infrastructure, Software...

Key Managerial Person Details

Meet the Minds Behind Our Success: Key Managerial Personnel Profiles.

SL Name Designation Contact No. Email Address
1 Mr. Kanchan Chaudhuri Wholetime Director 033 4050 2734
2 Mr. Suman Banerjee Wholetime Director 033 4050 2777
3 Mrs. Nandita Biswas Chief Financial Officer 033 4050 2729
4 Mr. Santanu Roy Compliance Officer 033 4050 2712
5 Mrs. Anju Rathi Company Secretary 033 4050 2715

Team Peerless Securities

Aligned in vision, driven by purpose, our team forges the path to success with unwavering determination. In each member lies a piece of the puzzle, together forming a picture of innovation and achievement. We are not just a team; we are a force propelling the future of our Peerless forward, one inspired step at a time.
United in purpose, diverse in talents, together we create magic. Together, we redefine what's possible.

Our History Our Journey

Peerless Securities Limited, incorporated in the year 1995, is a subsidiary company of The Peerless General Finance & Investment Co Limited (The “PGFI”), which is a household name in India particularly in the eastern parts of the country. PSL deals in fee based financial services offering a gamut of services such as

Company Registration

  •  Incorporated in the month of January, 1995.
  •  Obtained Dealership in OTCEI in November.
  •  Obtained Membership of NSE for Wholesale Debt Market and Capital Market Operation in November.
  •  Obtained Membership of CSE in November.
  •  Commencement of business operations from December, 1995.


  •  Commenced operations at Wholesale Debt Market terminal of NSE from Mumbai branch.
  •  Started mobilizing funds for RBI Relief Bonds, Schemes of Unit Trust of India and fixed deposits of selected corporate and Mutual Fund.


  •  Obtained registration from SEBI as Depository Participant of NSDL and started operations as a Depository Participant.


  •  Setting up of Financial Product Distribution Desk and distribution operations of major Mutual Funds in addition to UTI.


  •  Commenced operation at Durgapur, the first in eastern region.
  •  Approval granted from SEBI to operate in the derivative segment of NSE.


  •  Started operations in the Future & Option (F&O) segment of NSE.


  •  Started operations in BSE.
  •  Commenced institutional dealing in Mumbai.
  •  Branch expansion in the western and eastern region.


  •  Initiation of Currency Derivative Operation.


  •  Started Peerless Systematic Investment Plan Product on NIFTY 50 --- PSIP.


  •  Registration as a Research Entity as per SEBI (Research Analysts) Regulations 2014.

Operation in MCX

  •  Obtained Membership of MCX in Commodity Derivatives in the month...

Launch of PSMART

  •  Launched PSMART, a Gen Z mobile trading application with new UI/UX for improved user experience.

Operating as Self Clearing Member of MCX

  •  Obtainbed Membership of MCX as a self clearing member for commodity bsegment in the month of ....

F & O Segment started in BSE

  •  Started F&O Segmnent in BSE...

Corporate Information

Peerless Securities Limited, incorporated in the year 1995, is a subsidiary company of The Peerless General Finance & Investment Co Limited (The “PGFI”), which is a household name in India particularly in the eastern parts of the country. PSL deals in fee based financial services offering a gamut of services such as

Codes & Policies

Codes & Policies

Codes & Policies of the Company


Annual Reports

Annual Reports of the Company