Early Life of Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry was born in the year 1929. He is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group.
Property of Pallonji Shapoorji Mistry
According to Forbes, the wealth of Pallonji Shapoorji Mistry is estimated to be US$16.3 billion as of November 2015. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group.
Position of Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry 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 Shapoorji Mistry gave up his Indian citizenship in 2003 to obtain Irish citizenship, because India does not yet allow dual citizenship.
Pallonji Shapoorji Mistry and Cyrus Mistry
His son Cyrus Mistry is chairman of Tata Sons.
Book on Pallonji Shapoorji Mistry
A short biography of Pallonji Shapoorji Mistry was written in a book by Manoj Namburu titled "The Moguls of Real Estate" that was published in 2008.
Award Received by Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry was awarded the Padma Bhushan Awards in January 2016 by the Government of India for his contributions in the field of Trade and Industry.
Stake holding of Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry, the father of Cyrus Mistry first bought shares in the Tata Sons in the 1930s, a stake that currently stands at 18.4%. Pallonji Shapoorji 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. Within the Tata Group Pallonji Shapoorji Mistry is known as the Phantom of Bombay House for the quiet but assured way he commands power around the south Mumbai headquarters of the Tata Sons.
Citizenship of Pallonji Shapoorji Mistry
In 2003, Pallonji Shapoorji Mistry became an Irish citizen on the basis of his marriage to an Irish born national, Pat Perin Dubash, who was born in September 1939 in Hatch Street Nursing House in Dublin. He gave up his Indian citizenship as the Indian Government currently does not allow dual citizenship, though he remains resident in Mumbai, Maharashtra. He owns a stake in the Taj Mahal Hotel which was attacked by terrorists in 2008. The family's interest in Ireland is compounded by their love of horses. They own a 200 acres (0.81 km2) stud farm in Pune. Pallonji Shapoorji Mistry also owns a 10,000-square-foot (930 m2) home in Pune.
Religion of Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry is a Parsi, his religion being Zoroastrianism.
Personal Life of Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry has two sons and two daughters. One daughter, Aloo Mistry, is married to Noel Tata, the half-brother of Ratan Tata.
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