Business News | Pallonji Mistry, Chairman of Shapoorji Pallonji Group, Passes Away

New Delhi [India], June 28 (ANI): Pallonji Mistry, Chairman of Indian conglomerate Shapoorji Pallonji Group, passed away on Monday night in Mumbai at the age of 93.

Prime Minister Narendra Modi took to Twitter to express his condolences about the demise of the business tycoon.

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"Saddened by the passing away of Shri Pallonji Mistry. He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers. May his soul rest in peace," PM Modi tweeted.

Born in 1929, Mistry was conferred with Padma Bhushan, the country's third-highest civilian award, for his contribution as an industrialist.

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The Mumbai-headquartered Shapoorji Pallonji Group, founded back in 1865, deals in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology.

Mistry was the largest individual shareholder in the Tata Group with a total of over 18 per cent holding. His father, Shapoorji Pallonji had bought Tata Sons shares in 1930.

Union Minister for Women and Child Development Smriti Irani on the industrialist's demise. ("Pallonji Mistry , the end of an era. One of life's greatest joys was to have witnessed his genius, his gentleness at work. My condolences to the family and his loved ones," the minister posted

Union Minister Anurag Thakur tweeted: "Shapoorji Pallonji Group Chairman Sh Pallonji Mistry Ji was a pioneer of his industry and passionate about the projects he undertook spanning decades. Saddened to hear about his passing away. I express my condolences to his family and friends."(ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)