https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Pallonji_MistryPallonji Mistry - Revision history2026-10-27T06:46:53ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Pallonji_Mistry&diff=316852&oldid=prevUpdateBot at 20:44, 30 June 20222022-06-30T20:44:55Z<p></p>
<a href="//en.bharatpedia.org/w/index.php?title=Pallonji_Mistry&diff=316852&oldid=142063">Show changes</a>UpdateBothttps://en.bharatpedia.org/w/index.php?title=Pallonji_Mistry&diff=142063&oldid=prev212.200.106.126 at 07:58, 19 August 20212021-08-19T07:58:15Z<p></p>
<p><b>New page</b></p><div>{{short description|Indian-born Irish billionaire}}<br />
{{Use dmy dates|date=July 2016}}<br />
{{Use Indian English|date=July 2016}}<br />
{{Infobox person<br />
| name = Pallonji Shapoorji Mistry<br />
| image = <br />
| image_size = <br />
| birth_date = {{Birth year and age|1929}}<br />
| birth_place = <br />
| nationality = Indian<br />
| citizenship = [[Irish Citizenship|Irish]] (previously [[Indian citizenship|Indian]])<ref name="outlookindia1"/><br />
| alma_mater = [[Imperial College London]]<br />
| occupation = Businessman<br />
| title = Chairman, [[Shapoorji Pallonji Group]] <br />
| known for = 17.3% stake in [[Tata Sons]]<br />
| spouse = Patsy Perin Dubash<br />
| children = 4, including [[Cyrus Mistry]]<br />
| relatives = [[Noel Tata]] (son-in-law)<br />
}}<br />
<br />
'''Pallonji Shapoorji Mistry''' (born 1929) is an Indian-born Irish [[billionaire]] construction tycoon and chairman of [[Shapoorji Pallonji Group]] who is the richest [[List of Irish people by net worth|Irish person]]. According to ''[[Bloomberg Billionaires Index]]'', his wealth is estimated to be US$28.0 billion as of 9 April 2021. With his 18.4% stake in [[Tata Sons]],<ref name="outlookindia1">{{cite web|url=http://business.outlookindia.com/article.aspx?270234 |title=The Phantom Player |publisher=business.outlookindia.com |access-date=23 February 2011 |url-status = dead|archive-url=https://web.archive.org/web/20110309151551/http://business.outlookindia.com/article.aspx?270234 |archive-date= 9 March 2011 }}</ref> he is the largest individual shareholder in India's largest private conglomerate, [[Tata Group]], the primary shareholder of which is the Tata philanthropic Allied Trusts, with 66 per cent controlling interest.<ref>[http://fortune.com/video/2017/07/21/tata-group-a-global-500-force/ Valdivia, Stephen] ''Fortune'': "Meet Tata: India's Biggest Company"; 1:53; 21 Sept. 2017.</ref><br />
<br />
==Early life==<br />
Pallonji Mistry was born in a [[Parsi]] family from Gujarat.<ref name="Namburu2007">{{cite book|author=Manoj Namburu|title=Moguls of Real Estate|url=https://books.google.com/books?id=QznBBwAAQBAJ&pg=PT142|date=1 October 2007|publisher=Roli Books Private Limited|isbn=978-93-5194-074-6|pages=142–}}</ref><ref>{{cite news|title=Gujaratis Dominate Forbes List Of The Wealthiest Indians|url=https://www.ndtv.com/india-news/gujaratis-dominate-forbes-list-of-the-wealthiest-indians-1465246|date=September 22, 2016|publisher=[[NDTV]]}}</ref><br />
<br />
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 (Mumbai precinct)|Fort area]]&nbsp;– the Hong Kong & Shanghai Bank, the [[Grindlays Bank]], the [[Standard Chartered Bank]], the [[State Bank of India]] and the [[Reserve Bank of India]] buildings.<ref>{{cite news | title = Pallonji Mistry is Ireland's richest person | date = 1 April 2010 | url = http://business.rediff.com/report/2010/apr/01/pallonji-mistry-is-richest-person-in-ireland.htm | work = [[rediff.com]] | access-date = 24 November 2011}}</ref><br />
<br />
==Career==<br />
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.<ref name=forbes>{{cite web |url=https://www.forbes.com/profile/pallonji-mistry/|title = Forbes profile: Pallonji Mistry|work=Forbes.com |access-date=13 February 2020}}</ref><ref name=CNBC>{{cite news | title = Cyrus Mistry, a Tata in all but name | date = 23 November 2011 | publisher = [[CNBC-TV18]] | url = http://www.moneycontrol.com/news/business/cyrus-mistrytataallname_623245.html | agency = [[Reuters]] | access-date = 24 November 2011}}</ref><br />
<br />
Pallonji Mistry is the chairman of the '''Shapoorji Pallonji Group''' through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and [[Eureka Forbes]] Limited.<br />
<br />
He is the former chairman of [[Associated Cement Companies]].<br />
<br />
His son, [[Cyrus Pallonji Mistry|Cyrus]], was chairman of Tata Sons from November 2011 to October 2016.<ref>{{Cite web|url=https://www.outlookindia.com/newswire/story/cyrus-mistry-removed-as-chairman-of-tata-sons-ratan-tata-to-hold-interim-position/959421|title=Cyrus Mistry Removed As Chairman Of Tata Sons, Ratan Tata To Hold Interim Position|website=Outlook (India)}}</ref><ref>{{Cite news|url=http://www.ndtv.com/article/india/tata-successor-announced-cyrus-mistry-to-succeed-ratan-tata-152500?pfrom=home-lateststories|title=Tata successor announced: Cyrus Mistry to take over from Ratan Tata in December 2012|work=NDTV.com|access-date=2018-01-22}}</ref><br />
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.<ref name=CNBC/><br />
<br />
Bloomberg estimated his worth to be about [[US$]]30 Billion in mid-2021.<ref name=Bloomberg>{{cite web |url=https://www.bloomberg.com/billionaires/profiles/pallonji-mistry/|title =Bloomberg Billionaires Index: Pallonji Mistry|work=Bloomberg L.P |access-date=3 July 2021}}</ref><br />
<br />
==Accolades==<br />
[[File:The President, Shri Pranab Mukherjee presenting the Padma Bhushan Award to Shri Pallonji Shapoorji Mistry, at a Civil Investiture Ceremony, at Rashtrapati Bhavan, in New Delhi on March 28, 2016.jpg|thumb|The President, Shri Pranab Mukherjee (right) presenting the Padma Bhushan Award to Shri Pallonji Shapoorji Mistry, at a Civil Investiture Ceremony, at Rashtrapati Bhavan, in New Delhi on March 28, 2016]]<br />
A short biography of Mistry was written in a 2008 book by Manoj Namburu titled ''The Moguls of Real Estate''.<ref>{{cite news|url=http://www.hindu.com/pp/2008/03/15/stories/2008031550760300.htm |archive-url=https://web.archive.org/web/20080318180302/http://www.hindu.com/pp/2008/03/15/stories/2008031550760300.htm |url-status=dead |archive-date=18 March 2008 |title=Property Plus Bangalore : Absorbing tales of tycoons |date=15 March 2008 |access-date=23 February 2011 |work=[[The Hindu]] |location=Chennai, India}}</ref><br />
<br />
He was awarded the [[Padma Bhushan]] in January 2016 by the Government of India for his contributions in the field of trade and industry.<br />
<br />
==Personal life==<br />
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 at Hatch Street Nursing House in [[Dublin]].<ref>{{cite news |title= Ireland's Rich List 1–10| url=http://www.independent.ie/business/rich-list/irelands-rich-list-110-2116314.html |newspaper=[[Irish Independent]] |date=31 March 2010 |access-date=5 October 2011}}</ref> He remains in residence in Mumbai. The family's interest in Ireland is ascribed, in part, to their love of horses; Mistry owns a {{convert|200|acre|km2}} stud farm and a {{convert|10000|sqft|m2|adj=on}} home in [[Pune]], India.<ref>{{cite news |title=Mistry millionaires |author=SUNANDA MEHTA & DEV CHATTERJEE |url=http://www.indianexpress.com/oldStory/54077|newspaper=[[Indian Express]]|date=29 August 2004|access-date=5 October 2011}}</ref><br />
<br />
He has two sons and two daughters, one of whom, Aloo, is married to [[Noel Tata]], the half-brother of [[Ratan Tata]].<ref>Munroe, Tony and Mehra, Prashant [https://www.reuters.com/article/india-tata-chairman-idUSL4E7MN1W220111123 UPDATE 2-Global search for Tata chairman ends close to home]. ''[[Reuters]]'', 23 November 2011. Retrieved 23 November 2011.</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/how-next-gen-scions-leah-maya-and-neville-are-working-their-way-up-in-tata-group-companies/articleshow/56696002.cms|title=How next gen scions Leah, Maya and Neville are working their way up in Tata Group companies|first1=Kala|last1=Vijayraghavan|first2=Megha|last2=Mandavia|date=26 August 2018|access-date=26 August 2018|newspaper=The Economic Times}}</ref><br />
<br />
==References==<br />
{{Reflist}}<br />
<br />
==Further reading==<br />
* [https://web.archive.org/web/20100205064010/http://www.tatacentralarchives.com/history/family_tree/family_tree.pdf A section of the Tata family Tree]<br />
* [https://web.archive.org/web/20061127153717/http://www.tata.com/tata_sons/media/20041207.htm Information about holding by Pallonji in Tata sons]<br />
<br />
{{PadmaBhushanAwardRecipients 2010–19}}<br />
{{Tata Group}}<br />
<br />
{{DEFAULTSORT:Mistry, Pallonji Shapoorji}}<br />
[[Category:1929 births]]<br />
[[Category:Cathedral and John Connon School alumni]]<br />
[[Category:Irish chief executives]]<br />
[[Category:Irish expatriates in India]]<br />
[[Category:Irish people of Indian descent]]<br />
[[Category:Irish Zoroastrians]]<br />
[[Category:Irish billionaires]]<br />
[[Category:Living people]]<br />
[[Category:Parsi people from Mumbai]]<br />
[[Category:Recipients of the Padma Bhushan in trade and industry]]<br />
[[Category:Naturalised citizens of Ireland]]<br />
[[Category:Parsi people]]<br />
[[Category:Mistry family|Pallonji]]<br />
[[Category:Shapoorji Pallonji Group]]</div>212.200.106.126