SEPTEMBER 4, 2022 will go down in the history of the 157-year-old Shapoorji Pallonji Group as one of its darkest day, perhaps. On this day, a Sunday, the group suffered its biggest loss with the untimely demise of their “beloved” Cyrus Pallonji Mistry, barely a couple of months after the group patriarch, Pallonji Mistry, also known as “the Phantom of Bombay House”, passed away on June 28, 2022, at the age of 93.
The Shapoorji Pallonji Group (SP Group) is a global, diversified conglomerate comprising 17 major companies. It delivers end-to-end solutions in six business segments, namely engineering & construction, infrastructure, real estate, water, energy and financial services. Developer of megastructures and iconic landmarks, the group boasts a dedicated workforce of over 50,000 people spread across over 40 countries. It is focused on sustainable development. The nearly $30-billion diversified group, which owns 18.6 per cent in Tata Sons, the holding company of the $130-billion Tata Group, was founded by the late senior Pallonji Mistry (great grandfather of Cyrus) in 1865 as Littlewood Pallonji & Co.
“CPM, as he was fondly known, was a voracious reader, committed to a journey of lifelong learning across multiple disciplines. Despite his success, he always kept a low profile, away from the limelight,” a note released by the group said.
Denne historien er fra September 24, 2022-utgaven av Businessworld India.
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Denne historien er fra September 24, 2022-utgaven av Businessworld India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
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MORE TAKE TO DRIVING IN STYLE
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NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
