Pallonji Mistry

About Pallonji Mistry

Birth Year: 1929
Birth Place: Mumbai, India, Ireland
Residence: Malabar Hill, South Mumbai, India
Citizenship: Irish (previously Indian)
Alma mater: Cathedral & John Connon School Imperial College London
Occupation: Chairman of Shapoorji Pallonji Group 18.4% stake in Tata Sons
Spouse(s): Patsy Perin Dubash
Children: 4, including Cyrus Mistry

Pallonji Mistry Net Worth

Pallonji Mistry was bornon 1929 in Mumbai, India, Ireland. Reclusive tycoon Pallonji Mistry controls Mumbai-headquartered engineering and construction giant, 152-year-old Shapoorji Pallonji Group. The family's biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $100 billion (revenue) Tata Group, a conglomerate of 100 companies. The S.P. Group, run by Mistry's older son Shapoor, also owns Eureka Forbes, the country's leading brand of water purifiers. Mistry's younger son Cyrus is embroiled in a legal battle with the Tata Group after he was suddenly ousted as chairman of Tata Sons in October 2016.
Pallonji Mistry is a member of Construction & Engineering

💰 Net worth: $19 Billion (Updated at 22 June 2018)

2009 $2.5 Billion
2010 $5.8 Billion
2011 $8.8 Billion
2012 $9.7 Billion
2013 $10.5 Billion
2014 $12.8 Billion
2015 $16.3 Billion
2016 $12.5 Billion
2017 $14.3 Billion
2018 $17.72 Billion

Some Pallonji Mistry images

Biography/Timeline

1930

His Father first bought shares in Tata Sons in the 1930s, a stake that currently stands at 18.4%, making Mistry the largest individual shareholder in Tata Sons, which is primarily controlled by the charitable Tata Trusts.

2003

In 2003, Pallonji gave up his Indian citizenship to become an Irish citizen "on the basis of his marriage to an Irish-born national", Pat (Patsy) Perin Dubash, who was born in September 1939 in Hatch Street Nursing House in Dublin. He remains in residence in Mumbai.

2008

A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.

2011

His son, Cyrus, was chairman of Tata Sons from November 2011 to October 2016. Within the Tata Group he is known as the Phantom of Bombay House for the quiet but assured way he commands power around the Mumbai headquarters of the Tata empire.

2013

The Mistrys own a substantial construction company, Shapoorji Pallonji. Shapoorji, the group patriarch and Pallonji's Father, built some of Mumbai's landmarks around the Fort area – the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India and the Reserve Bank of India buildings.

2016

He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry.