Shapoorji Pallonji Group chairman Pallonji Mistry passed away last night at the age of 93 in his Mumbai home. The more than 150-year-old Shapoorji Pallonji Group is owned by billionaire Pallonji Mistry. With his family in Mumbai, Pallonji Mistry has grown his business into six sectors.
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Mistry received the Padma Bhushan, one of India’s highest civilian honors, in 2016. Moreover, he held an 18.4 percent stake in the Tata group as the largest individual shareholder.
One of India’s oldest billionaires, he is regarded as such. An Indian business tycoon born into a Parsi family, he has reached many milestones in his life. With a net worth of more than $13 billion, Forbes places him at number 143 in the world.
Business spread in 50 countries
Entrepreneur Pallonji Mistry has businesses in 50 countries across the globe. Prominent construction company Shapoorji Pallonji Group was established in 1865. The company conducts business in six different sectors, including engineering and construction, infrastructure, real estate, water, energy, and financial services.
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These giants have built buildings
The Shapoorji Pallonji Group is recognized for creating a number of significant structures. which also includes the SAIL Steel Plant, the Reserve Bank of India, the Citibank India Headquarters, and Delhi’s Jawaharlal Nehru Stadium.