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Company type | Private |
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Industry | Conglomerate |
Founded | 1865 |
Founder | Pallonji Mistry |
Headquarters | , |
Key people |
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Services |
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Owner | Shapoor Mistry (100%) |
Subsidiaries |
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Website | www |
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]