New Delhi: Group leader Shapoorji Pallonji Pallonji Mistry has died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with an 18.4% stake in the group, is 93.
He died in deep sleep at his residence in south Mumbai overnight from Monday to Tuesday, officials said. Prime Minister Narendra Modi took to Twitter to express his condolences over the business magnate’s passing. “Grieve over the passing of Shri Pallonji Mistry. He has made great contributions to the world of commerce and industry. My deepest condolences to his family, friends and countless supporters. May his soul rest in peace,” PM Modi wrote on Twitter.
Born in 1929, Mistry received the Padma Bhushan, the country’s third highest civilian honor, for his contributions as an industrialist.
Shapoorji Pallonji Group is headquartered in Mumbai, established in 1865, operating in the fields of construction, real estate, textiles, engineering goods, home appliances, transportation, publications, energy. and biotechnology. Mistry is the largest individual shareholder in Tata Group with a total stake of more than 18%. His father, Shapoorji Pallonji bought shares of Tata Sons in 1930.
Union Minister for Women and Child Development Smriti Irani on the disappearance of the industrialist. (“Pallonji Mistry, the end of an era. One of the greatest joys in life is to witness his genius, his light work. My condolences to his family and loved ones,” the minister posted
Union Minister Anurag Thakur tweeted, “Shapoorji Pallonji Group Chairman Sh Pallonji Mistry Ji is a pioneer in his industry and passionate about the projects he has taken on for decades.Sad to hear of his death. My condolences to his family and friends.
