Meet man, not an Indian, whose family holds Rs 15205600000000 stake in Tata Sons, not Ratan Tata, Noel Tata, Neville Tata, he is…

Shapoor Mistry & his family has a long association with the Tata family, which holds an impressive 18.4% stake in Tata Sons.

Shapoor Mistry, the head of Shapoorji Pallonji Group, oversees a family legacy that includes an impressive 18.4% stake in Tata Sons. This stake, valued at approximately $130 billion (or Rs 1,52,056 crore), secures the Mistry family’s status as major shareholders in Tata Group, one of India’s largest conglomerates. While Shapoor is not of Indian nationality, his connection to Tata Sons and his role in the Shapoorji Pallonji Group marks him as a key figure in India’s corporate landscape.

Mistry Family’s Rich Legacy

The Shapoorji Pallonji Group was founded 159 years ago and has since become a leader in engineering and construction. Shapoor Mistry, born in 1964, is the eldest son of the late Pallonji Mistry and Patsy Perin Dubash. He has two sisters and a late brother, Cyrus Mistry, who tragically passed away in a car accident in 2022. In the wake of his father’s and brother’s deaths, Shapoor has taken on a critical leadership role, overseeing a business with approximately $30 billion in annual revenue.

Cyrus Mistry Death and Transformation

The year 2022 brought substantial personal losses and challenges for Shapoor. His father passed away in June, and just three months later, his brother Cyrus died in a car accident. Before his passing, Cyrus worked closely with Shapoor to restructure their debt-burdened business, focusing on asset sales to improve the family business’s finances. Shapoor now faces the dual responsibility of leading through these losses and steering the family company through financial restructuring.

Mistry Family’s Link to Tata Group

The Mistry family’s fortune is deeply connected to Tata Sons, where they hold an influential stake. Shapoor’s father, Pallonji Mistry, famously earned the nickname “Phantom of Bombay House” for his understated yet impactful role within Tata. The Mistry-Tata association was highlighted in 2012 when Cyrus Mistry was appointed chairman of Tata Sons. However, in 2016, a conflict with Tata Trusts led to Cyrus’s removal, sparking a major corporate dispute and a lengthy legal battle between the Tata and Mistry families.

Shapoor Mistry’s Leadership

Since stepping into the role of family leader, Shapoor Mistry has implemented strategies to ensure the group’s stability. He and Cyrus had initiated a restructuring in 2021, forming S.P. Finance and S.C. Finance to focus separately on infrastructure and real estate, a move designed to improve cash flow in sectors with long-term investments.

Shapoor is also committed to bringing the next generation into the business. He is also planning leadership roles for his son and his late brother Cyrus’s sons, Firoz and Zahan Mistry, to carry on the family legacy in the Shapoorji Pallonji Group toward a resilient future amidst emotional and financial challenges.