Peerless as a
club began their journey from
Kolkata Maidan, the home of
Kolkata football. The club is founded in 1993 and owned by its parent organization
Peerless Group, a business
conglomerate in
Kolkata. was the coach of Peerless during their early seasons. Earlier in the 90s, the club competed in the
Calcutta Premier League second division. Former
India international
Shabbir Ali was in charge of the club and under his coaching, Peerless promoted itself from the first division to the
CFL Super Division in 1993–94 season. In 2018, the club signed
Trinidad and Tobago international
Anthony Wolfe ahead of their CFL season. Thus he became the club's first and only footballer who has appeared in the
FIFA World Cup. In 2019, Peerless created history after winning the
2019–20 Calcutta Premier Division, defeating their archrivals; three
Kolkata giants. The club managed by
Jahar Das, emerged as the first small club since 1958 to win the
Calcutta Football League. In that season, they reached the quarter-finals of the
2020 IFA Shield. As defending champion, Peerless began their
2021–22 Calcutta Premier Division journey on 17 August, defeating Kidderpore FC 4–1. They reached the knock-out stages after finishing as Group-B topper but lost 4–0 to Railway FC in the quarter-finals. In June 2022, the club roped in Soren Dutta as head coach and Iranian former footballer
Jamshid Nassiri as technical director. In June 2023, the Indian Football Association (IFA) announced the merger of both Premier Division A and B of the
Calcutta Football League, ahead of its 125th edition, in which Peerless was allowed to compete in Group I. ==Ownership and finances==