Pallonji Mistry is of Parsi descent and was born in India. He is a media billionaire and current Irish citizen. His life story was recorded in a 2008 biographic book written by Manoj Namburu. The book, called The Moguls of Real Estate, covers tycoons of the property and real estate industry. When he became an Irish citizen in 2003, by marrying his Irish-born wife, he had to denounce his citizenship in India because India does not allow dual citizenship. He is a mogul of the construction industry and according to Forbes, his wealth is estimated to be $15.6 billion as of May 2015.
Mistry formerly served on the board of Associated Cement Companies as Chairman. His father purchased the family’s first shares in Tata Sons during the 1930s. Today, Mistry owns the largest shareholder stake at 18.4% in shares of the Tata Group Multinational. As Chairman of Shapoorji Pallonji, he is owner of its subsidiaries Shapoorji Pallonji Construction Limited, Eureka Forbes Limited, and Forbes Textiles. The entire Mistry family has benefited from the investments in Tata Sons. Cyrus Mistry, Pallonji’s son, has been the deputy chairman for Tata Sons since the end of 2012.