‘Sad day for our Indian business community’: Vedanta’s Anil Agarwal on Pallonji Mistry’s passing
Vedanta Resources chairman Anil Agarwal commented on the passing away of Pallonji Mistry. Agarwal said that Mistry was “instrumental in driving India’s growth story”.
- Jun 28, 2022,
- Updated Jun 28, 2022 3:38 PM IST
Billionaire Pallonji Mistry, chairman of Shapoorji Pallonji Group, died in the wee hours of Tuesday at his Mumbai residence, as per company officials. Mistry, aged 93 years old, was the largest individual shareholder in the Tata Group with 18.4 per cent shareholding.
Vedanta Resources chairman Anil Agarwal commented on the passing away of Pallonji Mistry. Agarwal said that Mistry was “instrumental in driving India’s growth story”. Agarwal wrote, “Sad day for our Indian business community. Shri Pallonji Mistry has been instrumental in driving India’s growth story. A humble man and creator of prominent infrastructure projects, including in our city of dreams. My sincerest condolences to his family. RIP.”
Here are some more reactions on Pallonji’s death
The reclusive corporate titan, worth over $13 billion, was awarded with Padma Bhushan in 2016. He is survived by four children – Shapoor Mistry, Cyrus Mistry, Aloo Noel Tata and Laila Rustom Jehangir.
Cyrus Mistry succeeded Ratan Tata as the Chairman of the Tata Group before being ousted by the board 2016. Mistrys have been challenging Cyrus’ removal and have also offered to exit their holding in the Tata Group in midst of legal battles.
His funeral service will be held on Wednesday, followed by the ‘Uthamna’ ritual as per Parsi conventions at the Tower of Silence in South Bombay’s Kemps Corner.
Also read: Shapoorji Pallonji Group chairman Pallonji Mistry passes away at 93
Also read: Pallonji Mistry passes away at 93: A look-back at his life, relationship with the Tatas, and more
Also read: ‘End of an era’: PM Modi, Nitin Gadkari lead nation in paying tributes to Pallonji Mistry
Billionaire Pallonji Mistry, chairman of Shapoorji Pallonji Group, died in the wee hours of Tuesday at his Mumbai residence, as per company officials. Mistry, aged 93 years old, was the largest individual shareholder in the Tata Group with 18.4 per cent shareholding.
Vedanta Resources chairman Anil Agarwal commented on the passing away of Pallonji Mistry. Agarwal said that Mistry was “instrumental in driving India’s growth story”. Agarwal wrote, “Sad day for our Indian business community. Shri Pallonji Mistry has been instrumental in driving India’s growth story. A humble man and creator of prominent infrastructure projects, including in our city of dreams. My sincerest condolences to his family. RIP.”
Here are some more reactions on Pallonji’s death
The reclusive corporate titan, worth over $13 billion, was awarded with Padma Bhushan in 2016. He is survived by four children – Shapoor Mistry, Cyrus Mistry, Aloo Noel Tata and Laila Rustom Jehangir.
Cyrus Mistry succeeded Ratan Tata as the Chairman of the Tata Group before being ousted by the board 2016. Mistrys have been challenging Cyrus’ removal and have also offered to exit their holding in the Tata Group in midst of legal battles.
His funeral service will be held on Wednesday, followed by the ‘Uthamna’ ritual as per Parsi conventions at the Tower of Silence in South Bombay’s Kemps Corner.
Also read: Shapoorji Pallonji Group chairman Pallonji Mistry passes away at 93
Also read: Pallonji Mistry passes away at 93: A look-back at his life, relationship with the Tatas, and more
Also read: ‘End of an era’: PM Modi, Nitin Gadkari lead nation in paying tributes to Pallonji Mistry