Business tycoon Pallonji Mistry, who headed Shapoorji Pallonji Group, dies at 93 | Latest News India

Businessman Pallonji Mistry, the head of the Shapoorji Pallonji Group, died at the age of 93. More than 150 years old, the Shapoorji Pallonji Group is one of India’s largest trading companies and the secluded billionaire – Pallonji Mistry – is credited with its success.

In 2016, he received the Padma Bhushan, the country’s third highest civilian award, for his contribution as an industrialist. He was one of the oldest billionaires in India.

Established in 1865, the construction giant Shapoorji Pallonji Group comprises six business segments – engineering and construction, infrastructure, real estate, water, energy and financial services. It is spread across 50 countries.

Pallonji Mistry’s eldest son, Shapoorji Mistry, is the son of Shapoorji Pallonji and Company Pvt. Ltd. His youngest son, Cyrus Mistry, was president of Tata Sons between 2012 and 2016. He was ousted amid controversy, one of India’s most closely watched boardroom battles.

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