Shapoorji Pallonji Group is one of the most prestigious and diversified business groups of India. With a legacy of 160+ years, the company has accomplished iconic infrastructure, real estate, energy and construction projects in India and abroad. Known for its excellence in engineering as well as sustainable efforts, the group goes on to set the standards across a series of industries.
Company Overview
| Company Name | Shapoorji Pallonji & Company Pvt. Ltd. |
| Establishment Year | 1865 |
| Headquarters | Mumbai, India |
| Industry | Construction, Engineering, Real Estate, Infrastructure, Energy, Financial Services |
| Workforce | 33,000+ employees across 40 countries |
| Notable Projects | Taj Mahal Palace & Tower restoration, The Imperial Mumbai, Jumeirah Lake Towers (Dubai), Ebene Cyber City (Mauritius) |
Shapoorji Pallonji Group is operating in six major segments that are Engineering & Construction, Infrastructure, Real Estate, Water, Energy and Financial Services. The company has worked on over 190 marine works, developed over 16 million sq. ft. of residential and commercial real estate, and planted over a million trees for sustainability.
Who Owns Shapoorji Pallonji Group?
The Shapoorji pallonji group is a wholly owned portfolio of the Mistry family. Shapoor Mistry owns 50% and the remaining 50% is split between the sons of the deceased Cyrus Mistry, Firoz and Zahan Mistry in equal proportions. A good part of the wealth of the family is from their 18.4% stake in Tata Sons, India’s biggest conglomerate.
Who Leads Shapoorji Pallonji Group?
Shapoor Mistry is the Chairman of the Shapoorji Pallonji Group. The company has several heads of divisions: M D Saini is the CEO of the main entity, Shapoorji Pallonji & Company Pvt. Ltd. Venkatesh Gopalakrishnan is the MD and CEO of Shapoorji Pallonji Real Estate. Their leadership ensures smooth operation of the global projects.
Net Worth and Market Capitalization
As it is a privately held company, Shapoorji Pallonji & Company Pvt. Ltd. doesn’t have a public market capitalization. However, Forbes estimated the Mistry family’s net worth to be somewhere in the region of $20.4 billion in 2024, making it one of the richest business families in India. The value also includes stakes in publicly listed subsidiaries such as the Forbes & Company Ltd, Gokak Textiles and Sterling & Wilson Renewable Energy Ltd.
Why Shapoorji Pallonji Group Stands Out
Shapoorji Pallonji Group is exceptional for its longstanding reputation of quality, innovation and sustainability. The company has done landmark projects, ranging from Mumbai’s Fort area buildings to global projects such as Dubai’s Jumeirah Lake Towers. Its commitment to sustainable development, welfare of employees, and cutting-edge engineering make it a leader in the business landscape in India.
