Shapoorji Pallonji Group

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Shapoorji Pallonji & Company Private Limited
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".

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

Ebene Cyber City in Mauritius.[10]

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

Joyville Homes.[13] Deepesh Salgia is the current Director at Shapoorji Pallonji Group.[14]

History

The company was founded as a partnership firm Littlewood Pallonji in 1865.

Barakhamba Underground Station in Delhi and Providence Stadium in Guyana.[7][10] In 2010, it built India's tallest building of the time, The Imperial, a residential tower in Mumbai.[3]

The Shapoorji Pallonji has also had a brief involvement with

Bollywood. Released in 1960, K. Asif's Mughal-e-Azam was funded by the group with a budget of ₹ 1.5 crore, which made it the most expensive Bollywood film till then and a record it held for many years. More than four decades later, the group funded a digital remastering of the film at a budget of ₹5 crore, which was released on 12 November 2004. Shapoor Mistry, grandson of Shapoorji Pallonji Mistry, thought it a fitting tribute to complete his grandfather's unfinished dream of colourising the film, especially as the original was produced by his grandfather.[9] In 2016, Shapoorji Pallonji Group, in association with the National Centre for the Performing Arts (India), co-produced Mughal-e-Azam, a Broadway-style musical directed by Feroz Abbas Khan, and based on the 1960 Bollywood film Mughal-e-Azam.[19]

Projects

Partial list of projects:[20][21][22]

Acquisitions

In 1936, Shapoorji Pallonji bought F.E. Dinshaw and Co. after the death of its promoter. F.E. Dinshaw was an established finance firm that had high-profile dealings such as arranging a loan from the

ACC Cement in 1936.[23] F.E. Dinshaw and Co. also had a 12.5% stake in Tata Sons, which came to Shapoorji Pallonji.[9]

In 2001–02, Shapoorji Pallonji took over Forbes Gokak (now Forbes and Company) from the Tata group after winning a takeover battle with the Pawankumar Sanwarmal Group.[24] The company was already listed on the BSE when it was taken over and remains the group's only listed entity as of 2011.[7]

In 2012, Shapoorji Pallonji Ports Pvt Ltd. was planning to build Simar Port in Gujarat with SPV name Simar Port Private Limited.[25]

See also

References

  1. ^ "About Us - Shapoorji Pallonji Group". www.shapoorjipallonji.com. Retrieved 3 November 2020.
  2. ^ "Jetropha Mission in Uttar Pradesh". Retrieved 17 March 2012.
  3. ^ a b 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. Indian Express
    . 24 November 2011. Retrieved 20 March 2012.
  7. ^ a b c "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. ^ a b c "Mughal-e-Azam Of Realty Biz". The Times of India. 24 November 2011. Retrieved 20 March 2012.
  10. ^ a b c "Phantom Of Bombay House". Businessworld. 20 June 2009. Retrieved 20 March 2012.
  11. The Hindu Business Line
    . 22 December 2008. Retrieved 20 March 2012.
  12. ^ "Shapoorji Pallonji plans to invest in West Bengal". 1 August 2012.
  13. ^ "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.
  14. ^ "DEEPESH SALGIA DIRECTOR SHAPOORJI PALLONJI REAL ESTATE". rprealtyplus. Retrieved 20 June 2022.
  15. ^ a b Subramaniam, Kandula (22 January 2011). "The Phantom Player". Outlook. Archived from the original on 9 March 2011. Retrieved 17 March 2012.
  16. ^ "A Legacy of Landmarks, Since 1865". sp-group.co.in. Archived from the original on 2 May 2012. Retrieved 21 March 2012.
  17. ^ Kamath, Raghavendra (24 November 2011). "Cyrus steered Shapoorji's fast-track growth". Business Standard. Archived from the original on 24 November 2011. Retrieved 22 December 2013.
  18. ^ a b Nauzer K Bharucha (25 November 2011). "Cyrus Mistry's entrepreneurial legacy". The Economic Times. Retrieved 19 March 2012.
  19. ^ Phukan, Vikram (24 October 2016). "Mughal-e-Azam, now a stage musical". Live Mint. Retrieved 22 May 2018.
  20. ^ https://www.shapoorjipallonji.com/business/EngineeringAndConstruction
  21. ^ https://shapoorji.in/company/about-the-business/
  22. ^ https://www.financialexpress.com/lifestyle/meet-pallonji-mistry-the-man-who-owned-18-4-stakes-in-tata-and-built-the-palace-for-the-sultan-of-oman-father-of-cyrus-mistry-know-about-him-his-feud-with-ratan-tata-and-more/3236145/
  23. ISBN 0521016827
    .
  24. ^ "Sanwarmal exits Forbes, sells to Shapoorji". The Times of India. 24 January 2002. Archived from the original on 3 January 2013. Retrieved 20 March 2012.
  25. ^ "Shapoorji Pallonji plans deepwater port in Gujarat" – via The Economic Times.
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