Pallonji Mistry net worth
Current Net Worth – $15 Billion (USD – 1,500 crores), (Rupees – 1.25 Lakhs Rupees)
Pallonji Mistry short biography
| Net Worth | $15 Billion |
|---|---|
| Born | 1929 (Age – 93) |
| Identified as | Businessman |
| Status | Chairman of Shapoorji Pallonji Group & Indian billionaire construction mogul |
| Education | Imperial College London |
| Nationality | Irish |
| Residence | Mumbai, India |
| Spousal status | Married |
| Wife | Patsy Perin Dubash |
| Children | 4 Children |
Pallonji Mistry has a net worth of $15 Billion (USD – 1,500 crores), (Rupees – 1.25 Lakhs Rupees), making him one of the richest men in India.
He is a construction mogul and chairman of Shapoorji Pallonji Group, an Indian syndicate firm in Mumbai, India.
He had a $11.1 billion net worth in April 2020 according to Forbes.
He governs the 155-year-old Shapoorji Pallonji Group a Mumbai-headquartered construction and engineering firm.
He is the biggest individual shareholder in India’s largest private alliance, Tata Group, with his 18.4% stake in Tata Sons.
Pallonji currently owns Shapoorji Pallonji Construction Limited, Eureka Forbes Limited, and Forbes Textiles.
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Pallonji Mistry biography
| Full Name | Pallonji Mistry |
| Birthplace | Bombay, Maharashtra, India |
| Height | 5.9 feet, 175 cm |
| Weight | 84 Kg |
| Father | Shapoorji Pallonji |
| Mother | Pat Perin Dubash |
Pallonji Mistry was born in 1929, in a Parsi family from Gujarat. He lives in a residence in Mumbai.
Mistry owns a large construction company, Shapoorji Pallonji. He is also the former chairman of Associated Cement Companies.
He owns a 10,000-square-foot (930 m2) home in Pune, India.
The attraction of the family in Ireland is partially due to their passion for horses; Mistry owns a 200 acre (0.81 km2) stud farm.
Career
Shapoorji, Palonji’s father, built some buildings like Standard Chartered Bank, State Bank of India, Reserve Bank of India buildings, Hong Kong and Shanghai Bank, Grindlays Bank.
From November 2011 to October 2016, Cyrus Pallonji, son of Pallonji Mistry, was associated with Tata Sons.
He was known as the spirit of Bombay House within the Tata Group for his remarkable control power around the Tata empire’s Mumbai headquarters.
The board of Tata Group’s holding company, Tata Sons, committed in October 2016 to discard Cyrus Mistry from the position of chairman of the company.
His father’s acquired shares in Tata Sons in the 1930s are now 18.4%, making Mistry the largest individual shareholder in Tata Sons, which is mainly owned by the charitable Tata Trusts.
Private & early life
In 2003, based on his marriage to an Irish-born national, Pat “Patsy” Perin Dubash, who was born in September 1939 at Hatch Street Nursing House, Dublin, Pallonji abandoned his Indian citizenship to become an Irish citizen.
He has two sons and two daughters, one of the daughters, Aloo, is espoused to Noel Tata, the half-brother of Ratan Tata.
Honors
- In 2008, Manoj Namburu wrote a book titled “The Moguls of Real Estate”, a short biography of Pallonji Mistry.
- In January 2016, he was awarded the Padma Bhushan by the Government of India for his assistance in the field of business and trade.
Net worth statistics
- March 2011 – $8.8 B
- March 2012 – $9.7 B
- March 2013 – $10.5 B
- March 2014 – $12.8 B
- March 2015 – $16.3 B
- March 2016 – $12.5 B
- March 2017 – $14.3 B
- March 2018 – $17.8 B
- March 2019 – $15.0 B
- April 2020 – $11.1 B
- April 2021 – $14.6 B
- April 2022 – $15 B
Pallonji Mistry Quote
I am not looking for board positions, I am looking for good governance.
– Cyrus Pallonji Mistry
