Shapoorji Pallonji Group’s head Pallonji Mistry passed away at his residence in Mumbai, company officials said on Tuesday, June 28.
Mistry, the largest individual shareholder in the Tata Group with an 18.4% holding in the conglomerate, was 93.
He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the officials said.
He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry.
The Mumbai-based Shapoorji Pallonji And Company Private Limited was established in 1865 in India. It has constructed some of Mumbai’s landmarks such as the Malabar Hill reservoir and buildings such as the Reserve Bank of India (RBI) building, the Bombay Stock Exchange (BSE) building, Brabourne Stadium, among others.
Following the news of his demise, Union Minister for Women and Child Development, Smriti Irani called it the “end of an era”, in a tweet. “One of life’s greatest joys was to have witnessed his genius, his gentleness at work. My condolences to the family and his loved ones,” Irani said.