New Delhi. Shapoorji Pallonji Group Chairman and billionaire businessman Pallonji Mistry has said goodbye to the world at the age of 93. Sources related to the company have informed about the death of Pallonji Mistry. Let us tell you that Shapoorji Pallonji Group has made many achievements in its name. The company’s major achievements include the construction of the Reserve Bank of India building in Mumbai. Apart from construction, Pallonji Mistry had taken the company to new heights in many other sectors.
Business expands to Africa
Shapoorji Pallonji Group has a presence in sectors ranging from engineering, construction, infrastructure, real estate, water energy to finance services. More than 50 thousand employees work in different companies of this group. Shapoorji Pallonji Group’s business is spread not only in India but also from other Asian countries to Africa. According to the latest update of Forbes, Pallonji Mistry comes at number 143 in the list of all the rich in the world.
The family holds 18.4% stake in Tata Sons
Let us tell you that the Pallonji family holds 18.4% in Tata Sons. The foundation of Shapoorji Pallonji Group was laid in 1865. Last year, the Shapoorji Pallonji Group sold its consumer durables business to American private equity and fund Advent International.
Was honored with Padma Bhushan in the year 2016
In recognition of his contribution to the industry, Pallonji Mistry was awarded the Padma Bhushan, India’s third highest civilian award, by the Government of India in 2016. Let me tell you, Pallonji Mistry was born in a Gujarati-Parsi family in Mumbai. He breathed his last in Mumbai on Sunday.