Pallonji Shapoor Mistry is the chairman of the building giant company and an Indian-Irish millionaire. He is India’s 14th wealthiest person. According to Forbes, he nearly tripled his fortune in 20 years, from $5.8 billion in 2015 to $15 billion in 2019. He was also named one of the world’s top 20 automotive billionaires. His net worth is predicted to be US $28.0 billion as of April 9, 2021, according to the Bloomberg Billionaires Index. Manoj Namburu’s book The Moguls of Real Estate, published in 2008, included a brief history of Mistry. In January 2016, the Government of India honoured him with the Padma Bhushan for his services to commerce and industry.
The Shapoorji Pallonji group is known for developing landmark structures such as the Taj Intercontinental Hotel, the Reserve Bank of India building, and the HSBC complex. The firm also built Mumbai’s Brabourne stadium and Delhi’s Jawaharlal Nehru stadium. Afcons, SPCL, SP International, Sterling & Wilson, SP Real Estate, and consumer goods company Eureka Forbes make up the group. Only three of the Shapoorji Pallonji Group’s enterprises are publicly traded: Forbes & Company Ltd., Gokak Textiles, and Sterling & Wilson. Since 1936, when Pallonji Mistry’s father purchased a 17.5 percent interest in Tata Sons, the Shapoorji Pallonji Group has been affiliated with the Tata Group, and the Mistry family is the largest stakeholder in Tata Sons to this day. Jaguar, Land Rover, and Tetley Tea are among the companies it owns and manages in 80 countries, and it has teamed with Starbucks to open a brand of coffee shops in India.
Some of Pallonji Mistry group’s philantrophic works are here. Every step done by Shapoorji Pallonji is aimed at becoming a good corporate citizen, facilitating the advancement of all communities while engineering development. Over the years, the SP Group has made significant investments in improving the quality of education in government and tribal schools, with a focus on the most vulnerable groups in tribal and rural regions.