In 2012, Shapoor Mistry, then 47, succeeded his father in leading the multibillion-dollar company SP Group. He is the third richest man in India, with a net worth of Rs 258000 crore. Continue Reading.
Know About Shapoor Mistry
Shapoor Mistry is in charge of the 157-year-old Shapoorji Pallonji (SP) Group and is the grandchild of a prominent businessman. The Tata and Mistry families have a long history of friendship and collaboration on various initiatives. Shapoor comes from a distinguished family that included successful businesspeople like his father, Pallonji Mistry, and brother, Cyrus Mistry, who notably oversaw Tata Sons before a dispute with Ratan Tata. Cyrus passed away in a terrible automobile collision in September 2022.
Shapoor Mistry is listed as the third-most richest person in India by the Bloomberg Billionaires Index, close to Mukesh Ambani, the most wealthy individual in Asia, and Gautam Adani, who was once the richest person in India. The diverse interests of Shapoor Mistry’s group, which has its headquarters in Mumbai, include engineering and construction, real estate, shipping, textiles, home appliances, biotechnology, etc. One of the most notable shareholders in Tata Sons, the holding company for the Tata Group, is SP Group.
Mistry was more obscure in the media than his father and brother and had avoided the spotlight. Shapoor, then 47, succeeded his father as the chairman of the SP Group in 2012. He has been acting in the MD role already. According to a TOI report, Shapoor was referred to as a “big picture strategist” by SP Group insiders.
Shapoor Mistry, 58, is now ranked as the third richest person in India and the 47th wealthiest person overall by Bloomberg. His enormous $31.1 billion (more than Rs. 258000 crore) net wealth is astounding. It indicates that Shapoor Mistry’s assets increased by $3.34 billion this year.