Pallonji Shapoorji Mistry

Born 1929 (age 88–89)

Residence Malabar Hill, South Mumbai, India

Nationality Irish

Citizenship Irish (previously Indian)[1]

Alma mater Cathedral & John Connon School

Imperial College London

Occupation Chairman of Shapoorji Pallonji Group

18.4% stake in Tata Sons

Net worth US$18.7 billion (January 2018)[2]

Spouse(s) Patsy Perin Dubash

Children 4, including Cyrus Mistry

Pallonji Shapoorji Mistry (born 1929) is an Indian-born Irish construction tycoon and chairman
of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$16.9 billion as of
September 2016. With his 18.4% stake in Tata Sons,[1] he is the single largest shareholder in India's
largest private conglomerate Tata Group. He is the chairman of the Shapoorji Pallonji Group through
which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited.
He is the former chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in
2003 to obtain Irish nationality, because India does not yet allow dual nationality . His son Cyruswas
chairman of Tata Sons from November 2011 to October 2016.[3][4] A short biography of Mistry was
written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate.[5] He was awarded
the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of
trade and industry.

Personal life and wealth[edit]

Mistry's father first bought shares in Tata Sons in the 1930s, a stake that currently stands at 18.4%.
Mistry is the largest single shareholder in Tata Sons, a firm mostly controlled by trusts. [2][6] The Mistrys
have a huge 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.[7]He was educated at the Cathedral & John Connon School, followed by Imperial
College London. Within the Tata Group he is known as the Phantom of Bombay House for the quiet
but assured way he commands power around the Mumbai headquarters of the Tata empire.[6]
In 2003, he became an Irish citizen "on the basis of his marriage to an Irish-born national", Pat (Patsy)
Perin Dubash, who was born in September 1939 in Hatch Street Nursing House in Dublin.[8] He gave
up his Indian citizenship as the Indian Government currently does not allow dual citizenship, though
he remains resident in Mumbai. He owns a stake in the Taj Mahal Hotel. The family's interest in
Ireland is compounded by their love of horses. They own a 200 acres (0.81 km2) stud farm in Pune,
India. Mistry also owns a 10,000-square-foot (930 m2) home in Pune. He has two sons and two
daughters. One daughter, Aloo, is married to Noel Tata, the half-brother of Ratan Tata.[10]