Pallonji Mistry
Overview
- Source of Wealth
- construction
- Industry
- Construction & Engineering
- Residence
- Children
- 4
Assets
- Forbes & Co. Ltd.4,850,000 shares @ --502865-IN
- Indian Hotels Co Ltd51,610,320 shares @ --500850-IN
- Sterling and Wilson Solar68,360,000 shares @ --542760-IN
- Tata Chemicals Ltd8,970,000 shares @ --500770-IN
- Tata Communications Ltd3,970,000 shares @ --500483-IN
- Tata Consultancy Services Ltd.293,960,000 shares @ --532540-IN
- Tata Elxsi Limited2,900,000 shares @ --500408-IN
- Tata Global Beverages Ltd29,660,000 shares @ --500800-IN
- Tata Investment3,828,000 shares @ --501301-IN
- Tata Motors158,760,000 shares @ --500570-IN
- Tata Power158,300,000 shares @ --500400-IN
- Tata Steel43,400,000 shares @ --500470-IN
- Titan Industries20,430,000 shares @ --500114-IN
- Trent12,732,000 shares @ --500251-IN
- Voltas Ltd9,730,000 shares @ --500575-IN
Biography
Reclusive tycoon Pallonji Mistry controls Mumbai-headquartered engineering and construction giant, the 156-year-old Shapoorji Pallonji Group.
The S.P. Group, run by Mistry's older son Shapoor, also owns Eureka Forbes, the country's leading brand of water purifiers.
The family's biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $103 billion (revenue) Tata Group, a conglomerate of 30 companies.
After Mistry's younger son Cyrus was ousted as chairman of Tata Sons in October 2016, the two families have been at loggerheads.
In September 2020, the Mistrys decided to sell their Tata Sons' stake saying "a separation of interests would best serve all stakeholder groups."
About
Mistry's first overseas project was building the palace of the Sultan of Oman in 1976.
The Tata Group severed decades-old business ties with Mistry's companies after the fallout between the two families.