Pallonji Shapoorji Mistry is an 84 year old Indian born construction mogul and currently the richest man in Ireland with a net worth of $10.5 billion. He is the main shareholder in the $100 billion Tata Group, India’s biggest conglomerate. Moreover, he is also the chairman of the Shapoorji Pallonji Group of which Shapoorji Pallonji Construction Limited is a subsidiary.
The Mistry family first acquired stakes in Tata when Pallonji’s father, Shapoorji was paid for construction work that he did for Tata using shares instead of money. With time, he consolidated the family’s stake in the company by buying out the shares of those in the Tata family that were willing to sell.
In spite of his vast wealth, Mistry remains a very private man staying away from the scrutiny of the media as much as possible. However, those who are close to him describe him as a very humble and friendly man with an open door policy to his home and office. All the same, his authority is still felt within the Tata headquarters where he is referred to as ‘the Phantom at Bombay House’.
Under his leadership, the Shapoorji Pallonji Group has begun a carbon map-n-cap project through which the group is quantifying and decreasing its carbon foot print. This is in addition to other projects that are geared towards improving the lives of ordinary people in India.
Pallonji is married to Irish born Pat Perin Dubash and upon this marriage, he became an Irish citizen after giving up his Indian citizenship. He has four children: two boys: Shapoor Pallonji Mistry and Cyrus Pallonji Mistry and two girls: Laila and Aloo.
His younger son Cyrus is the current chairman of the Tata Group while his older son Shapoor is the Managing Director of the Shapoorji Pallonji Group. Pallonji currently resides in Mumbai, India