Pallonji Mistry Passes Away at 93

Pallonji Shapoorji Mistry, the billionaire realtor and industrialist who served as Chairman Emeritus of the venerable Shapoorji Pallonji Group, died late last night at his home in Mumbai, according to official sources.

He was 93 years old and is survived by his sons Shapoorji and Cyrus P. Mistry, the latter of whom was in the spotlight for a major corporate squabble with the Tata Group a few years ago, and two daughters, Laila and Aloo, the latter of whom is married to Noel Tata, Ratan Tata's half-brother.

The Shapoorji Pallonji Group is well-known in the real estate and engineering sectors, having built several landmark buildings in south Mumbai, including the RBI headquarters, SBI, HSBC, Grindlay Bank, Hongkong & Shanghai Bank, and others, as well as other major infrastructure projects.

The Group also produced the iconic Hindi film, K. Asif's 'Mughal-E-Azam' (1960), which was the most expensive at the time and remains one of Bollywood's most popular films to this day.