private industry conglomerate founded 1865 ; 151 years ago 1865 founder pallonji mistry headquarters mumbai india key people pallonji mistry shapoor pallonji mistry services infrastructure textiles real estate security systems industrial engineering appliances power revenue us 4.2 billion 2016 number of employees 60 000 2016 website shapoorjipallonji.in the shapoorji pallonji group sp group is an indian business conglomerate in india with interests in construction real estate textiles engineering goods home appliances shipping publications power and biotechnology . 1 it was headed by pallonji mistry until 2012 when he announced his retirement and his son shapoor mistry took charge . 2 3 shapoorji pallonji is regarded as one of india s most valuable private enterprises . the promoters of the group are also the largest individual shareholders in tata sons the holding company of the tata group . 4 the us 2.5 billion shapoorji pallonji group have two listed companies forbes & company ltd. bse 502865 5 and gokak textiles . forbes was already listed when bought by shapoorji pallonji though there was speculation in 2006 that group company afcons infrastructure would go public via an ipo . 6 the company is known for building some of mumbai s landmarks around the fort area including the hong kong bank grindlays bank standard chartered bank and reserve bank of india building bombay stock exchange building and taj intercontinental . 7 apart from these the company has built a stone palace for the sultan of oman in 1971 . 8 9 after the 2008 mumbai attacks the company was involved in the repairs and renovation of taj mahal palace & tower which was severely damaged by the attack . 10 other notable projects include the imperial in mumbai jumeirah lake towers in dubai and ebene cyber city in mauritius . 9 in 2012 shapoor mistry announced that the group had plans to invest in a deep sea port an it park hydro electricity and construction of roads and night shelters for the poor in west bengal . 11 on 27 january 2016 shapoorji pallonji group launched its first affordable housing brand joyville homes . 12 contents 1 history 2 acquisitions 3 subsidiaries 4 see also 5 references 6 external links history edit the company was founded as a partnership firm littlewood pallonji in 1865 . 13 14 15 the first project was the construction of a pavement on the girgaum chowpatty 16 followed by being part of the construction of a reservoir on malabar hill which supplied water to mumbai for over 100 years . the company also built the brabourne stadium in mumbai and the jawaharlal nehru stadium in delhi . 13 the mumbai central railway station was also built by them at a cost of 1.6 crore . the company was commended by the then governor of bombay for completing the work within 21 months . 16 in recent years it has built the barakhamba underground station in delhi and providence stadium in guyana . 6 9 in 2010 it built india s tallest building the imperial a residential tower in mumbai . 2 the shapoorji pallonji has also had a brief involvement with bollywood . released in 1960 k. asif s magnum opus and one of the most popular and critically acclaimed bollywood film of all time mughal e azam was funded by the group with a budget of 1.5 crore which made it the most expensive bollywood film till then and a record it held for many years . more than four decades later the group funded a digital remastering of the film at a budget of 5 crore which was released on november 12 2004 . shapoor mistry grandson of shapoorji pallonji mistry thought it a fitting tribute to complete his grandfather s unfinished dream of colourising the film and more so since the original was produced by his grandfather . 1 acquisitions edit in 1936 shapoorji pallonji bought f.e. dinshaw and co. after the death of its promoter . f.e. dinshaw and co was an established finance firm that had high profile dealings such as arranging a loan from the maharaja of gwalior for tata steel then tisco in 1924 and merging local cement companies to form acc cement in 1936 . 17 f.e dinshaw and co. also had a 12.5 % stake in tata sons which came to shapoorji pallonji . 8 in 2001 02 shapoorji pallonji took over forbes gokak now forbes and company from the tata group after winning a takeover battle with the pawankumar sanwarmal group . 18 the company was already listed on the bse when it was taken over and remains the group s only listed entity as of 2011 . 6 shapoorji pallonji plans deepwater port in gujarat . 19 subsidiaries edit toll plaza on the trichy tollway sd . corp. a shapoorji pallonji & dilip thacker group venture shapoorji pallonji engineering & construction shapoorji pallonji real estate forbes & company ltd sterling & wilson ltd next gen publishing afcons infrastructure limited eureka forbes joyville homes forbes see also edit tata group larsen and toubro references edit jetropha mission in uttar pradesh . retrieved 2012 03 17 . a b zachariah reeba march 2012 . pallonji set to quit after six decades . mumbai . the times of india . retrieved 2012 03 17 . kurien bobby 25 november 2011 . shapoor to take charge at shapoorji pallonji group . the economic times . retrieved 22 december 2013 . cyrus mistry how he won the race to succeed ratan tata . the times of india . 24 november 2011 . retrieved 20 march 2012 . shapoorji pallonji s forbes & co up 9 % . indian express . 24 november 2011 . retrieved 20 march 2012 . a b c shapoorji pallonji readies ipo for arm . the times of india . 23 december 2006 . retrieved 20 march 2012 . pallonji mistry is ireland s richest person . rediff.com . 2010 04 01 . retrieved 2012 03 17 . a b mughal e azam of realty biz . the times of india . 24 november 2011 . retrieved 20 march 2012 . a b c phantom of bombay house . businessworld . 20 june 2009 . retrieved 20 march 2012 . taj repair costs to be lower than insurance cover . the hindu business line . 22 december 2008 . retrieved 20 march 2012 . shapoorji pallonji plans to invest in west bengal . 1 august 2012 . shapoorji pallonji group launches its first affordable housing brand joyville . 2 february 2016 . retrieved 9 february 2016 . a b subramaniam kandula jan 22 2011 . the phantom player . outlook . retrieved 2012 03 17 . a legacy of landmarks since 1865 . sp group.co.in . retrieved 21 march 2012 . kamath raghavendra 24 november 2011 . cyrus steered shapoorji s fast track growth . business standard . retrieved 22 december 2013 . a b nauzer k bharucha nov 25 2011 . cyrus mistry s entrepreneurial legacy . the economic times . retrieved 19 march 2012 . markovits claude 2002 . indian business and nationalist politics 1931 39 the indigenous capitalist class and the rise of the congress party . cambridge university press . p. 208 . isbn 0521016827 . sanwarmal exits forbes sells to shapoorji . the times of india . 24 january 2002 . retrieved 20 march 2012 . http articles.economictimes.indiatimes.com 2012 10 27 news 34765215 1 shapoorji pallonji plans port external 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