Pallonji Mistry was a business tycoon who headed the Shapoorji Pallonji Group, passed away on Tuesday.

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The Shapoorji Pallonji Group, established in 1865, is one of the largest business firms in India.

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He was felicitated with the Padma Bhushan, one of India’s top civilian awards, in 2016.

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An Irish citizen, the business tycoon had also been known as the “Phantom of Bombay House” for keeping a low profile.

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In 2012, his family came into the spotlight after his younger son Cyrus Mistry was chosen as the new head of Tata group after Sir Ratan Tata's retirement.

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Mistry had named his oldest son, Shapoor as the new chairman of Shapoorji Pallonji Group in June, 2012.

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The business tycoon's estimated net worth was $15 billion & was the 125th richest man in the world.

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The business tycoon passed away at the age of 93 on 28th July, 2022.

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Prime Minister Narendra Modi and a number of political leaders tweeted his condolences for the deceased.

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