Shapoorji Pallonji Group

Shapoorji Pallonji & Company Private Limited
Company typePrivate
IndustryConglomerate
Founded1865 (1865)
FounderPallonji Mistry
Headquarters,
Key people
  • Shapoor Pallonji Mistry (Chairman)
  • Pallon S. Mistry
    (President, Corporate Affairs)
Services
  • Engineering
  • Construction
  • Infrastructure
  • Ports
  • Energy
  • Water
  • Financial services
  • Hospitality
  • Real estate
  • Electronic publishing
OwnerShapoor Mistry (100%)
Subsidiaries
  • SP Engineering & Construction.
  • Forbes & Company Ltd
  • SP Infrastructure
  • SP Investment Advisors
  • SP Oil & Gas
  • SP Real Estate
  • SP Energy
  • Afcons Infrastructure
  • Forvol International Services
  • Sterling & Wilson
  • SD Corporation
  • Oman Shapoorji Co.
  • NextGen Publishing
Websiteshapoorjipallonji.com

Shapoorji Pallonji & Company Private Limited, trading as Shapoorji Pallonji Group,[1] is an Indian conglomerate headquartered in Mumbai. It operates in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology.[2] The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.[3][4]

Shapoorji Pallonji is regarded as "one of India's most valuable private enterprises".[5] The US$2.5 billion Shapoorji Pallonji Group have two listed companies, Forbes & Company Ltd.[6] and Gokak Textiles. Forbes was already listed when bought by Shapoorji Pallonji, though there was speculation in 2006 that group company Afcons Infrastructure would go public via an IPO.[7]

The company is known for building some of Mumbai's landmarks around the Fort area, including the Hong Kong Bank, Grindlays Bank, Standard Chartered Bank and Reserve Bank of India building, Bombay Stock Exchange building and Taj Intercontinental.[8] Apart from these, the company has built Al Alam Palace[9] for the Sultan of Oman in 1972.[10][11] After the 2008 Mumbai Attacks, the company was involved in the repairs and renovation of Taj Mahal Palace & Tower that was severely damaged by the attack.[12] Other notable projects include The Imperial in Mumbai, Jumeirah Lake Towers in Dubai and Ebene Cyber City in Mauritius.[11]

In 2012, Shapoor Mistry announced that the Group had plans to invest in a deep-sea port, an IT park, hydro electricity and construction of roads and night shelters for the poor in West Bengal.[13] In January 2016, the Group launched its first affordable housing brand, Joyville Homes.[14] Deepesh Salgia is the current Director at Shapoorji Pallonji Group.[15]

  1. ^ "About Us - Shapoorji Pallonji Group". www.shapoorjipallonji.com. Retrieved 3 November 2020.
  2. ^ "Jetropha Mission in Uttar Pradesh". Retrieved 17 March 2012.
  3. ^ Zachariah, Reeba (10 March 2012). "Pallonji set to quit after six decades". Mumbai. The Times of India. Retrieved 17 March 2012.
  4. ^ Kurien, Bobby (25 November 2011). "Shapoor to take charge at Shapoorji Pallonji Group". The Economic Times. Retrieved 22 December 2013.
  5. ^ "Cyrus Mistry: How he won the race to succeed Ratan Tata?". The Times of India. 24 November 2011. Retrieved 20 March 2012.
  6. ^ "Shapoorji Pallonji's Forbes & Co up 9%". Indian Express. 24 November 2011. Retrieved 20 March 2012.
  7. ^ "Shapoorji Pallonji readies IPO for arm". The Times of India. 23 December 2006. Retrieved 20 March 2012.
  8. ^ "Pallonji Mistry is Ireland's richest person". Rediff.com. 1 April 2010. Retrieved 17 March 2012.
  9. ^ "Political situation in Oman". Arabian Gulf Digital Archives. National Library and Archives of the UAE. 1973. p. 74.
  10. ^ "Mughal-e-Azam Of Realty Biz". The Times of India. 24 November 2011. Retrieved 20 March 2012.
  11. ^ a b "Phantom Of Bombay House". Businessworld. 20 June 2009. Retrieved 20 March 2012.
  12. ^ "'Taj repair costs to be lower than insurance cover'". The Hindu Business Line. 22 December 2008. Retrieved 20 March 2012.
  13. ^ "Shapoorji Pallonji plans to invest in West Bengal". 1 August 2012.
  14. ^ "Shapoorji Pallonji Group launches its first affordable housing brand- Joyville". 2 February 2016. Archived from the original on 15 February 2016. Retrieved 9 February 2016.
  15. ^ "DEEPESH SALGIA DIRECTOR SHAPOORJI PALLONJI REAL ESTATE". rprealtyplus. Retrieved 20 June 2022.

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