The chairman of the Shapoorji Pallonji conglomerate Pallonji Mistry died in his residence in Mumbai on Tuesday morning at the age of 93. He passed away in his sleep, according to company officials. He is survived by two sons and two daughters - Shapoor Mistry, Cyrus Mistry, Laila Mistry and Aloo Mistry. The news became viral, Prime Minister Narendra Modi led the nation in paying tributes to the corporate titan.
While acknowledging his contributions to the world of trade and industry, the Prime Minister wrote, Saddened by the passing of Shri Pallonji Mistry. He made a huge contribution to the world of commerce and industry. My condolences to his family, friends and countless well-wishers. The Union Minister of Road Transport and Highways Nitin Gadkari wrote, Deeply saddened by the demise of Shri Pallonji Mistry. His invaluable contribution to infrastructure development, commerce and industry will never be forgotten. My condolences to his family and friends. Minister for Women and Child Development Smriti Irani called Mistry's demise the end of an era and wrote : One of the greatest joys of life was to have witnessed his genius, his gentleness at work. My condolences to the family and his loved ones. Health Minister Mansukh Mandaviya, Petroleum and Natural Gas Minister Hardeep Singh Puri and Sports and Information and Broadcasting Minister Anurag Thakur also joined in to pay their last respects to the Shapoorji Pallonji group patriarch.
Deeply saddened by the death of Shri Pallonji Mistry.
He was a huge contributor to the Indian economy.
My sincere condolences to his family. com xQFB 8 JeFEV -- Dr Mansukh Mandaviya June 28, 2022 Deeply saddened to hear about the passing of noted industrialist Shapoorji Pallonji Group Chairman Sh Pallonji Mistry Ji.
The family and friends of his family are in deep condolences. com V 6 n 3 t 8 laGL - Hardeep Singh Puri June 28, 2022 Shapoorji Pallonji Group Chairman Sh Pallonji Mistry Ji was a pioneer of his industry and passionate about the projects he undertook over the decades.
He was the largest individual shareholder in the Tata Group with 18.4 per cent holding in the conglomerate and is also known as the 'Phantom of Bombay House'. He was the chairman of the Shapoorji Pallonji Group, through which he owned Shapoorji Pallonji Construction Limited and Forbes Textiles.
Pallonji's father had also produced the K Asif-Directorial Mughal-e Azam, which was released in the year 1960 on a budget of Rs 1.5 crore, making it the most expensive Bollywood film at the time. In 2016, Pallonji was awarded the Padma Bhushan for his contributions to trade and industry.
According to Forbes, Pallonji Mistry has a net worth of $13 billion and is currently ranked 125th on the Forbes Billionaires List and 9th in Forbes India's Richest List.