Pallonji Mistry, billionaire caught in Tata feud, dies at 93

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Pallonji Mistry, the Indian-born billionaire whose engineering empire built luxury hotels, stadiums, palaces and factories across Asia and whose family’s epic showdown with the Tata Group sparked India’s biggest corporate feud, has passed away in Mumbai.He was 93.

After his Tata stint, Cyrus went on to set up a venture capital firm, Mistry Ventures LLP.

His management style and desire to expand globally was in sharp contrast to that of his father, who traveled abroad just twice to help some family members seek medical treatment, according to the 2007 book “Moguls of Real Estate,” by Manoj Namburu.

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Author / Journalist: Bloomberg

Category: Economy

Topics: Pallonji mistry death Shapoorji pallonji group Pallonji mistry Mistry Business news Tata feud pallonji mistry

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-28, 15:08:22

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 6 minutes read

Article Length: 977 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 18007

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