Business tycoon Pallonji Mistry passed away at the age of 93 at his Mumbai residence Monday night. The construction magnate, who was born on June 1, 1929 in the metropolis, is survived by his four children – two sons and two daughters.
Here are five things you need to know about Pallonji Shapoorji Mistry:
(1.) Mistry was the chairman of the Shapoorji Pallonji Group, which was established in 1865. Headquartered in Mumbai, the conglomerate operates in sectors such as construction, real estate, textiles, home appliances, power, biotechnology etc.
(2.) At 18.4%, Pallonji was the highest individual shareholder in Tata Sons. His son, Cyrus, headed Tata Sons from November 2011 to October 2016. Cyrus, after his removal from the post, fought a legal battle with Ratan Tata, the-then chairman of Tata Sons.
(3).) At the time of receiving India's third-highest civilian award, the Padma Bhushan (in January 2016), the late businessman had been an Irish citizen for 13 years. In 2003, he gave up his Indian citizenship, and became a citizen of Ireland.
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