He was an Indian-born Irish Business man who is also known to be the world's wealthiest person.
He was chairman of the Shapoorji Pallonji Group and a major shareholder of India's largest private conglomerate, Tata Group.
𝐂𝐡𝐢𝐥𝐝𝐡𝐨𝐨𝐝 𝐚𝐧𝐝 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐥𝐢𝐟𝐞
Pallonji Mistry was born to Shapoorji Mistry in Bombay on 1 June 1929. He was a member of the Parsi community in Bombay. 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 area – the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India, and the Reserve Bank of India buildings. 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.
𝐂𝐚𝐫𝐞𝐞𝐫
His father first bought shares in Tata Sons in the 1930s, a stake that as of 2011 stood at 18.4%, making Mistry the largest individual shareholder in Tata Sons, which is primarily controlled by the Tata philanthropic Allied Trusts, and the largest individual shareholder in India's largest private conglomerate, Tata Group, the primary shareholder being the charitable Tata Trusts.
Pallonji Mistry was the chairman of the Shapoorji Pallonji Group, through which he owned Shapoorji Pallonji Construction Limited, Forbes Textiles, and Eureka Forbes Limited. He was the former chairman of Associated Cement Companies.
𝐇𝐨𝐧𝐨𝐫𝐬 𝐚𝐧𝐝 𝐀𝐰𝐚𝐫𝐝
He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry.
A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.
He was the richest Irish billionaire at the time of his death and the world's 143 richest people.
𝐃𝐞𝐚𝐭𝐡
Mistry died in Mumbai on 28 June 2022 at the age of 93.
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