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HomeArticleCyrus Pallonji Mistry Death: Know about Cyrus Mistry and Shapoorji Pallonji Group

Cyrus Pallonji Mistry Death: Know about Cyrus Mistry and Shapoorji Pallonji Group

Cyrus Pallonji Mystery Death: Cyrus Mistry’s company Shapoorji Pallonji Group (SPG) was established in 1865. Which got the footpath constructed in Mumbai and this was the first project achieved by the company. Later the company constructed a reservoir on Malabar Hill, which provided drinking water to Mumbai for 100 years. Shapoorji Pallonji Group (SPG) Since then this group has emerged as a giant in the engineering and construction sector. Apart from this, the company has included Brabourne Stadium in Mumbai, Jawaharlal Nehru Stadium in Delhi and Mumbai Central Railway Station.

Cyrus’ father Pallonji Mistry financed the making of the historical film Mughal-e-Azam of Hindi cinema. This was his only investment in Indian cinema by Shapoorji Pallonji Group. Perhaps it took 12 years to make this film, so later he turned his back on it.

Cyral Mistry’s father Pallonji Mistry, who died in June this year, headed the Shapoorji Pallonji Group till his death. They have sons Cyrus Mistry and Shapoor Mistry. By the time of Pallonji Mistry’s death, his wealth was estimated at $ 29 billion or Rs 2.30 lakh crore, making him the 143rd richest person in the world. Currently, Cyrus Mistry’s elder brother Shapoor Mistry is handling the same company.

SPG’s association with the Tata group began in 1935, when Shapoorji Pallonji bought a company called FE Dinshaw & Co, which held a 12.5% ​​stake in Tata Sons. In the years that followed, this share kept on increasing. Shapoorji Pallonji Group holds 18.37 per cent stake in Tata Sons. Shapoorji Pallonji Group holds the largest stake in Tata Sons outside the Tata family, leading many to believe that the company had a firm hold on the affairs of the Tata Group. But the sudden ouster of Cyrus Mistry in 2016 led to a dispute between Mistry and Tata.

Shapoorji Pallonji Group The group is involved in many businesses ranging from Textile, Hospitality, Business Automation to Real Estate. Prominent companies under the SPG group include Shapoorji Pallonji Engineering & Construction, Afcons Infrastructure, Forbes Textiles, Gokak Textiles, Eureka Forbes, Forbes & Co, SP Construction Materials Group, SP Real Estate and Next Gen.

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