Renowned business tycoon Pallonji Mistry has passed away at the age of 93. He was the Chairman of the Shapoorji Pallonji Group, one of the largest business firms in India. He was honoured with the Padma Bhushan in 2016 for his contribution in the field of industry and trade.
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The Shapoorji Pallonji Group is Mumbai-based 156-year-old firm which operates in the construction business in Africa, India, the Middle East and South Asia. Shapoorji Pallonji Group covers six business segments namely engineering and construction, infrastructure, real estate, water, energy and financial services.