Pallonji Mistry

Who is Pallonji Mistry?

Pallonji Shapoorji Mistry is an Irish construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$9.7 billion as of 2012 making him the wealthiest person of Parsi descent. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group. He 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 gave up his Indian citizenship in 2003 to obtain Irish citizenship, because India does not yet allow dual citizenship. His son Cyrus has been named as the deputy chairman of Tata Sons and succeeded Ratan Tata on 28 December 2012. A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.