Business Tycoon Pallonji Mistry Passed Away

  • 29 Jun 2022

Renowned business tycoon Pallonji Mistry has passed away on 28 June 2022.

  • He was the Chairman of the Shapoorji Pallonji Group, one of the largest business firms in India.
  • Mistry took the group to markets beyond India, where it successfully delivered several marquee projects such as a palace for Oman’s royalty in Muscat.
  • He also diversified the group to other businesses such as real estate, textiles, shipping and home appliances.
  • He also acquired strategic stakes in other companies and brought them within the fold of SP Group, such as Sterling & Wilson, United Motors, Forbes Gokak and Afcons Infrastructure.
  • He was awarded the Padma Bhushan in 2016 for his contributions in the field of trade and industry.