NEW DELHI: Shapoorji Pallonji Group’s head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.
He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the officials said.
According to moneycontrol, he is survived by his wife – Patsy Perin Dubash, and four children – two sons Shapoor Mistry and Cyrus Mistry, and two daughters Laila Mistry and Aloo Mistry. Shapoor runs the Shapoorji Pallonji Group. Cyrus served as Tata Group Chairman from 2012 to 2016. Aloo is married to Ratan Tata’s half-brother Noel Tata.
He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry.
The Mumbai-based Shapoorji Pallonji And Company Private Limited was established in 1865 in India. It has constructed some of Mumbai’s landmarks such as the Malabar Hill reservoir and buildings such as the Reserve Bank of India (RBI) building, the Bombay Stock Exchange (BSE) building, Brabourne Stadium, among others.
The Shapoorji Pallonji Group is renowned in the realty and engineering sectors and constructed several landmark buildings like the RBI headquarters, SBI, HSBC, Grindlay Bank, Hongkong & Shanghai Bank and others in south Mumbai, besides other major ininfrastructure projects.
The Group had also produced the iconic Hindi film, K Asif’s Mughal-E-Azam (1960), then the most expensive one and till date it reigns among the top popular movies of Bollywood.