Cyrus Mistry was the sixth chairman and only second (after Nowroji Saklatwala) without the Tata surname.
Chairman of Shapoorji Pallonji Group, Pallonji Mistry, the man behind iconic buildings in Mumbai and around, passed away on June 28 at the age of 93.
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Business tycoon Pallonji Shapoorji Mistry, chairman of Shapoorji Pallonji Group, passed away at 93 on June 28.
Pallonji Mistry was reclusive and conspicuous by his absence in social circles. He’s also been described as “always accessible and sharp but genial”
Narendra Modi, Nitin Gadkari and other senior ministers recall achievements of Pallonji Mistry on his passing away
A company spokesperson confirmed the death of the Indian tycoon after social media posts on the news spread.
India's 100 richest are now worth $775 billion, according to the Forbes list.
India's richie rich club has shrunk by 11 people since the demonetisation last November, while Mukesh Ambani remains the richest Indian with a net worth of USD 26 billion, a study showed today.
Countering all accusations levelled against his influence over Ratan Tata, Mehli Mistry, promoter of M Pallonji and Company denied his involvement in Cyrus Mistry's removal, reports Economic Times.
Forbes India has released the annual India rich list and Reliance Industries' Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion.
The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his No.2 position on the rich list with a wealth of USD 16 billion.
Quality, not profits, was the mantra for Pallonji Mistry, who retired as chairman of the Shapoorji Pallonji Group.
Former Tata Steel MD JJ Irani has praised Tata Sons Chairman Ratan Tata's surprise decision to appoint 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry as his successor.
There has been some turbulence in the List this year. But the smart entrepreneurs are raking it in
Ratan Tata, retiring soon as chairman of India's sprawling Tata conglomerate, is known for making sketches of the company's next car model and fussing over details of a hotel's design.