LEGACY PAR EXCELLENCE

The untimely passing away of Cyrus Pallonji Mistry leaves behind a massive vacuum for India Inc. and the mighty Shapoorji Pallonji Group

- Ashish Sinha

SEPTEMBER 4, 2022 will go down in the history of the 157-year-old Shapoorji Pallonji Group as one of its darkest day, perhaps. On this day, a Sunday, the group suffered its biggest loss with the untimely demise of their “beloved” Cyrus Pallonji Mistry, barely a couple of months after the group patriarch, Pallonji Mistry, also known as “the Phantom of Bombay House”, passed away on June 28, 2022, at the age of 93.

The Shapoorji Pallonji Group (SP Group) is a global, diversified conglomerate comprising 17 major companies. It delivers end-to-end solutions in six business segments, namely engineering & construction, infrastructure, real estate, water, energy and financial services. Developer of megastructures and iconic landmarks, the group boasts a dedicated workforce of over 50,000 people spread across over 40 countries. It is focused on sustainable development. The nearly $30-billion diversified group, which owns 18.6 per cent in Tata Sons, the holding company of the $130-billion Tata Group, was founded by the late senior Pallonji Mistry (great grandfather of Cyrus) in 1865 as Littlewood Pallonji & Co.

“CPM, as he was fondly known, was a voracious reader, committed to a journey of lifelong learning across multiple disciplines. Despite his success, he always kept a low profile, away from the limelight,” a note released by the group said.