<p>Kolkata-based Peerless Group managing director Sunil Kanti Roy, popularly known as S K Roy, passed away at a city hospital here on Monday morning. He was 78.</p>.<p>Peerless Group is engaged in diversified business activities including finance, hospitality, healthcare, insurance and securities. Roy is survived by his wife, son, daughter and two grandchildren.</p>.<p>Family sources said that Roy was suffering from age-related ailments for some time and was admitted to a city-based hospital recently. On May 7, his condition deteriorated suddenly and he had to be put on life support.</p>.<p>A Padma Shri recipient, Roy held important positions in a number of industry bodies like a board member in West Bengal Industrial Development Corporation (WBIDC).</p>.<p>He was born on January 8, 1944 to Radhashyam Roy, who was the founder of Peerless Group as a residuary non-banking company (RNBC). An alumnus of City College in Kolkata, Roy took over the responsibilities of the Peerless Group in 1985 after the death of his elder brother B K Roy.</p>
<p>Kolkata-based Peerless Group managing director Sunil Kanti Roy, popularly known as S K Roy, passed away at a city hospital here on Monday morning. He was 78.</p>.<p>Peerless Group is engaged in diversified business activities including finance, hospitality, healthcare, insurance and securities. Roy is survived by his wife, son, daughter and two grandchildren.</p>.<p>Family sources said that Roy was suffering from age-related ailments for some time and was admitted to a city-based hospital recently. On May 7, his condition deteriorated suddenly and he had to be put on life support.</p>.<p>A Padma Shri recipient, Roy held important positions in a number of industry bodies like a board member in West Bengal Industrial Development Corporation (WBIDC).</p>.<p>He was born on January 8, 1944 to Radhashyam Roy, who was the founder of Peerless Group as a residuary non-banking company (RNBC). An alumnus of City College in Kolkata, Roy took over the responsibilities of the Peerless Group in 1985 after the death of his elder brother B K Roy.</p>