Veteran businessman Pallonji Mistry dies at the age of 93

Veteran businessman Pallonji  Mistry dies at the age of 93

Shapoorji Pallonji Group chairman and veteran businessman Pallonji Mistry has passed away at the age of 93. In 2016, Pallonji Mistry was awarded the Padma Bhushan, India's main civilian honor. Pallonji

Mistry was born in Mumbai to a Parsi family in Gujarat.

Let us tell you that Shapoorji Pallonji Group is the largest business group of India. This group is working in many sectors including engineering to construction, infrastructure real estate, water, energy, financial services. There are more than 50,000 employees working in this group. The group provides end to end solutions in 50 countries. Had Stake In Tata Group

The Pallonji family had around 18.4 per cent stake in Tata Sons, the holding company of the Tata Group. Shapoorji Pallonji Group was established in the year 1865. Many landmarks have been built in Mumbai by Shapoorji Pallonji Group, this includes Reserve Bank of India, Taj Mahal Palace Building. Last year, Shapoorji Pallonji Group sold its consumer durables business to American private equity and fund Advent International.

What is the connection with Cyrus

Mistry

Let’s educate that Pallonji Mistry is the father of Cyrus Mistry. Pallonji Mistry and his family came into the

limelight in 2012 when his younger son Cyrus Mistry was handed over the leadership of the Tata Group.

He became the chairman of Tata Group after the retirement of Ratan Tata in December 2012. However, in the year 2016, he had to step down from the post. There was also a lot of dispute between Tata Sons Private Limited and

Cyrus Mistry regarding this.