Peerless Records was a record label based in Mexico. Peerless was founded in 1921 in Mexico City by E. Baptista. Early pressings of their gramophone record were made under contract by Gennett Records. By 1933, Peerless was pressing its own records in Mexico. The Peerless label mostly released popular Mexican music; some popular dance bands and tunes from the United States of America also appeared on Peerless in the 1920s. Peerless was considered a "major label" in Mexico during the 1940s and 1950s.