Afcons
 |
|
| Private | |
| Industry | Conglomerate |
| Founded | 1865 |
| Founder | Pallonji Mistry |
| Headquarters | Mumbai, India |
|
Key people
|
Pallonji Mistry, Shapoor Pallonji Mistry, |
| Services |
Infrastructure, Textiles, Real estate, Security Systems, Industrial engineering, Appliances, Power |
| Revenue |
 US$ 4.2 billion (2016) |
|
Number of employees
|
60,000 (2015-16) |
| Website | Shapoorji Properties |
The Shapoorji Pallonji Group (SP Group) is an Indian business conglomerate in India with interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology. It was headed by Pallonji Mistry until 2012, when he announced his retirement and his son Shapoor Mistry took charge. Shapoorji Pallonji is regarded as "one of India's most valuable private enterprises". The promoters of the group are also the largest individual shareholders in Tata Sons, the holding company of the Tata Group. The US$2.5 billion Shapoorji Pallonji Group have two listed companies, Forbes & Company Ltd. (: ), and Gokak Textiles. Forbes was already listed when bought by Shapoorji Pallonji, though there was speculation in 2006 that group company Afcons Infrastructure would go public via an IPO.
The company is known for building some of Mumbai's landmarks around the Fort area, including the Hong Kong Bank, Grindlays Bank, Standard Chartered Bank and Reserve Bank of India building, building and Taj Intercontinental. Apart from these, the company has built a stone palace for the Sultan of Oman in 1971. After the 2008 Mumbai Attacks, the company was involved in the repairs and renovation of Taj Mahal Palace & Tower which was severely damaged by the attack. Other notable projects include The Imperial in Mumbai, Jumeirah Lake Towers in Dubai and Ebene Cyber City in Mauritius. In 2012, Shapoor Mistry announced that the Group had plans to invest in a deep-sea port, an IT park, hydro electricity and construction of roads and night shelters for the poor in West Bengal.
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Wikipedia