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Pallonji Mistry

Pallonji Shapoorji Mistry
Born 1929
Residence Malabar Hill, South Mumbai
Nationality Irish
Citizenship Irish (previously Indian)
Alma mater Cathedral & John Connon School
Imperial College London
Occupation Chairman of Shapoorji Pallonji Group
18.4% stake in Tata Sons
Net worth DecreaseUS$16.9 billion (Sep 2016)
Spouse(s) Married
Children 4

Pallonji Shapoorji Mistry (born 1929) is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$16.9 billion as of September 2016. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group. He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 to obtain Irish national , because India does not yet allow dual nationality . His son Cyrus was chairman of Tata Sons from November, 2011 to October, 2016. A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate. He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of Trade and Industry

Mistry's father first bought shares in the Tata Sons in the 1930s, a stake that currently stands at 18.4%. Mistry is the largest single shareholder in Tata Sons, a firm mostly controlled by trusts. The Mistrys have a huge construction company, Shapoorji Pallonji. Shapoorji, the group patriarch and Pallonji's father, built some of Mumbai's landmarks around the Fort area – the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India and the Reserve Bank of India buildings.

He is an alumnus of the prominent Cathedral & John Connon School as well as Imperial College London.


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