Business Tycoon Pallonji Mistry Passed Away

Renowned business tycoon Pallonji Mistry has passed away on 28 June 2022.

He was the Chairman of the Shapoorji Pallonji Group, one of the largest business firms in India.
Mistry took the group to markets beyond India, where it successfully delivered several marquee projects such as a palace for Oman’s royalty in Muscat.
He also diversified the group to other businesses such as real estate, textiles, shipping and home appliances.
He also acquired strategic stakes in other companies and brought them within the fold of SP Group, such as Sterling & Wilson, United Motors, Forbes Gokak and Afcons Infrastructure.
He was awarded the Padma Bhushan in 2016 for his contributions in the field of trade and industry.