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Pallonji Mistry Biography

 Pallonji Mistry is an Indian businessman and the chairman of the Shapoorji Pallonji Group, one of India's largest conglomerates. He is also the largest shareholder in Tata Sons, the holding company of the Tata Group, a multinational conglomerate with interests in various sectors such as steel, automotive, and technology. In this article, we will take a closer look at Pallonji Mistry's life and career.


Early Life and Education


Pallonji Mistry was born on June 1, 1929, in Mumbai, India, to a Parsi family. His father, Shapoorji Pallonji, was the founder of the Shapoorji Pallonji Group. Pallonji Mistry completed his schooling in Mumbai and went on to study engineering at Imperial College London. After completing his education, he started working for the family business.


Career


Pallonji Mistry joined the Shapoorji Pallonji Group in the 1950s and started working on various construction projects. Under his leadership, the company expanded into other areas such as real estate, engineering, and infrastructure. Today, the Shapoorji Pallonji Group is one of India's largest conglomerates, with a presence in over 70 countries.


In addition to his work with the Shapoorji Pallonji Group, Pallonji Mistry is also a shareholder in Tata Sons. In the 1990s, the Shapoorji Pallonji Group acquired a 18.4% stake in Tata Sons, making it the largest shareholder in the holding company. This stake has given Pallonji Mistry a significant influence over the Tata Group, which has interests in various sectors such as steel, automotive, and technology.


Pallonji Mistry's stake in Tata Sons has also made him one of the wealthiest people in India, with a net worth estimated to be around $16.2 billion. However, his relationship with the Tata Group has not always been smooth. In 2016, he was ousted from the board of Tata Sons, which led to a legal battle between him and the Tata Group. The case was eventually settled in 2019, with Pallonji Mistry agreeing to sell his stake in Tata Sons to the Tata Group.


Philanthropy


Pallonji Mistry is known for his philanthropic work, particularly in the areas of education and healthcare. In 2011, he donated $10 million to the Harvard University South Asia Institute, which established the Pallonji Mistry Fund to support research and programs related to South Asia. He has also made significant donations to hospitals and medical research centers in India.


Personal Life


Pallonji Mistry is married to Patsy Perin Dubash, with whom he has four children. His eldest son, Cyrus Mistry, was the chairman of Tata Sons from 2012 to 2016. Pallonji Mistry is known to be a private person and rarely gives interviews or makes public appearances.


Conclusion


Pallonji Mistry is a prominent figure in the Indian business world, with a career spanning over six decades. He has built the Shapoorji Pallonji Group into one of India's largest conglomerates and has also played a significant role in the Tata Group as its largest shareholder. His philanthropic work has also made a significant impact on society. Despite his wealth and influence, he is known to be a private person who values his family and personal life.




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