Pallonji Mistry, chairman of Shapoorji Pallonji group, passed away last night at his residence in Mumbai. He was 93.
The largest individual shareholder in the Tata Group with an 18.4 per cent holding in the conglomerate, Mistry, ran the Mumbai-based Shapoorji Pallonji group, along with his family.
The group, established in 1865, works across segments such as engineering and construction, infrastructure, real estate, water, energy and financial services, according to its website.
In 2016, Mistry was awarded the Padma Bhushan, one of India’s top civilian awards.
Following the news of his demise, Union Minister for Women and Child Development, Smriti Irani called it the ‘end of an era’, in a tweet. ‘One of life’s greatest joys was to have witnessed his genius, his gentleness at work. My condolences to the family and his loved ones,’ Irani said.