Pallonji Shapoorji Mistry: All about the business tycoon
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Pallonji Shapoorji Mistry
Pallonji Shapoorji Mistry, the billionaire realtor, industrialist, and Chairman Emeritus of the venerable Shapoorji Pallonji Group, passed away at his home late last night.
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Littlewood Pallonji & Co.
The Sharpoorji Pallonji Group started in 1865 with a notable construction history dating back to 1887 - Littlewood Pallonji & Co. was one of the companies that helped to build a large Malabar Hill reservoir. The Reserve Bank of India, the Oberoi Hotel in Mumbai, and the blue-and-gold Al Alam palace for the Sultan of Oman are some of its other iconic projects.
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Early life
Pallonji Mistry was born on June 1, 1929, to a Parsi family from Gujarat. He did his schooling in Mumbai and proceeded to go to London for his higher studies. He later joined the family business.
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Family
In 2003, he surrendered his Indian citizenship and became an Irish citizen. He was married to an Ireland-born national Patsy Perin Dubash. Laila and Aloo were Mistry's two daughters in addition to his two boys. The latter wed Noel Tata, Ratan Tata's half-brother and chairman emeritus of Tata Sons.
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Padma Bhushan awardee
According to the Bloomberg Billionaires Index, Mistry amassed a net worth of about $29 billion, placing him among the wealthiest men in both India and Europe. He was also awarded the Padma Bhushan in 2016 for his contribution to industrial growth in India.