Pallonji Mistry

Pallonji Mistry

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Pallonji Mistry

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Pallonji Shapoorji Mistry is an Irish-Parsi construction tycoon. With his 18.5% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group. He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. In 2010, Forbes estimated his total fortune to be worth US$5.8 billion. Pallonji gave up his Indian citizenship in 2007 to adopt Irish citizenship, making him the second richest Irish national in the world, behind Sean Quinn.

Nicknamed by his colleagues in Tata Group as the Phantom of Bombay House, Pallonji, despite being one of the most successful businessmen in India, is known for his media-shyness and rarely appears in public. A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.

Personal life and wealth

In spite of being one of the richest Indians and Chairman of the Shapoorji Pallonji Group, Pallonji Mistry is a man who rarely appears in public and is often described as being media shy. His employees call him the man with no faults, his friends describe him as humble and within the Tata Group he is known as the Phantom of Bombay House.

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