PALLONJI

MISTRY

IIPM By shweta
 The great Man
 Pallonji Shapoorji Mistry – Irish Citizen, Also
known as “Phantom of Bombay House”.
 Richest Person of the Irland, Net Worth US $ 5.5
Billion.
 This is the Person who owns 18% stake (Shares) of
TATA Sons – The Key Holding Company of TATA
Group
 The great Man contd….
 Pallonji Mistry is not among the new billoniarere.
Pallonji Mistry, an Indian origin business magnate,
has topped Ireland’s rich list with a worth of 3.9
billion pounds ($5.93 billion).
 Mistry, who became an Irish citizen in 2003 through
his Irish born wife, has interests in real estate, cars,
heavy industry, tea and partly owns the Taj Mahal
Hotel.
 Mistry, who is in his 70s, reportedly has 18.4 per
cent stake in Tata Sons.
 The great Man contd….
 The 79-year-old Mistry is ranked 129th on the
world billionaire list. He is also the 11th richest
Indian.
Mistry is an affable and humble person seldom
willing to assert his authority or position. However,
he carries a high degree of credibility in his
business dealings.
 Noel Tata, Ratan’s half-brother and the son of
Simone Tata, is married ry’s eldest daughter, Aloo
 The great Man contd….
 Mistry’s sons Shapoor and Cyrus are on the board of
Indian Hotels and Tata Power, respectively.
 The Mistrys have a huge 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 Bank,
Grindlays Bank, Standard Chartered Bank and
Reserve Bank of India building.
 Pallonji Mistry extended the construction interests of
the group to the Middle East by bidding for the Sultan
of Oman’s palace.
 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