Shapoorji Pallonji & Company Private Limited, trading as Shapoorji Pallonji Group, is an Indian
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
company, headquartered in
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
. It operates in
construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
,
real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
,
textiles
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...
,
engineered goods,
home appliances
A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation.
Appliances are divided into three ty ...
,
shipping
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting Commodity, commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it h ...
,
publications
To publish is to make content available to the general public.[Berne Conve ...](_blank)
,
power
Power most often refers to:
* Power (physics), meaning "rate of doing work"
** Engine power, the power put out by an engine
** Electric power
* Power (social and political), the ability to influence people or events
** Abusive power
Power may a ...
, and
biotechnology
Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...
.
The company was headed by a grandson of founder Pallonji Mistry, also named
Pallonji Mistry
Pallonji Shapoorji Mistry (1 June 1929 – 28 June 2022) was an Indian-born Irish billionaire construction tycoon. He was chairman of the Shapoorji Pallonji Group and a major shareholder of India's largest private conglomerate, Tata Group. He ...
, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.
Shapoorji Pallonji is regarded as "''one of India's most valuable private enterprises.''"
The US$2.5 billion Shapoorji Pallonji Group have two listed companies,
Forbes & Company Ltd. 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
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
.
The company is known for building some of
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
's landmarks around the
Fort area, including the
Hong Kong Bank
The Hongkong and Shanghai Banking Corporation Limited (), commonly known as HSBC (), was the parent entity of the multinational HSBC banking group until 1991, and is now its Hong Kong-based Asia-Pacific subsidiary. The largest bank in Hong K ...
,
Grindlays Bank
The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elemen ...
,
Standard Chartered Bank
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around ...
and
Reserve Bank of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...
building,
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...
building and Taj Intercontinental.
Apart from these, the company has built a stone palace for the
Sultan
Sultan (; ar, سلطان ', ) is a position with several historical meanings. Originally, it was an Arabic abstract noun meaning "strength", "authority", "rulership", derived from the verbal noun ', meaning "authority" or "power". Later, it ...
of
Oman
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t ...
in 1971.
After the
2008 Mumbai Attacks
The 2008 Mumbai attacks (also referred to as 26/11, pronounced "twenty six eleven") were a series of Terrorism, terrorist attacks that took place in November 2008, when 10 members of Lashkar-e-Taiba, an Islamist terrorist organisation from P ...
, the company was involved in the repairs and renovation of
Taj Mahal Palace & Tower
The Taj Mahal Palace is a heritage, five-star, luxury hotel in the Colaba area of Mumbai, Maharashtra, India, situated next to the Gateway of India. Built in the Saracenic Revival style, it opened in 1903 as the Taj Mahal Hotel and has histori ...
which was severely damaged by the attack.
Other notable projects include
The Imperial in Mumbai,
Jumeirah Lake Towers
The Jumeirah Lakes Towers (JLT) ( ar, أبراج بحيرات الجميرا) is a large development in Dubai, United Arab Emirates which consists of 80 towers being constructed along the edges of three artificial lakes (Lake Almas West, Lake Alm ...
in
Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...
and
Ebene Cyber City
Ebene () is a suburb of Quatre Bornes, Mauritius, south of the capital, Port Louis. Construction began in November 2001, with the suburb being promoted as a new information technology hub for Mauritius and as a link between African and Asian ma ...
in
Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...
.
[
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
West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...
.
In
January 2016, Shapoorji Pallonji Group launched its first affordable housing brand, Joyville Homes.
History
The company was founded as a partnership firm ''Littlewood Pallonji'', in 1865. The first project was the construction of a pavement on the Girgaum Chowpatty
Girgaon Chowpatty (IAST: ''Giragāva Chaupāṭī''), is a public beach along the Queen’s Necklace adjoining Marine Drive in the Girgaon area of Mumbai (Bombay), Konkan division, India. It is served by the Charni Road railway station. The ...
, followed by being part of the construction of a reservoir on Malabar Hill
Malabar Hill (ISO: Malabār Hill ələbaːɾ is a hillock and upmarket residential neighbourhood in South Mumbai, Maharashtra, India. Malabar Hill is the most exclusive residential area in Mumbai. It is home to several business tycoons and fil ...
which supplied water to Mumbai for over 100 years. The company also built the Brabourne stadium
The Brabourne Stadium is a cricket ground in Mumbai in Western India, built in the British Bombay era. It was the home ground of the Mumbai men's and women's cricket teams. It can accommodate 50,000 people for sports matches. The ground is owne ...
in Mumbai and the Jawaharlal Nehru stadium in Delhi
Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...
. The Mumbai Central
Mumbai Central (formerly Bombay Central, station code: MMCT) is a major railway station on the Western line, situated in Mumbai, Maharashtra in an area known by the same name. It serves as a major stop for both Local and Inter-City/Express tr ...
Railway station, was also built by them at a cost of 1.6 crore
A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...
. The company was commended by the then Governor of Bombay
Until the 18th century, Bombay consisted of seven islands separated by shallow sea. These seven islands were part of a larger archipelago in the Arabian sea, off the western coast of India. The date of city's founding is unclear—historians tr ...
for completing the work within 21 months. In recent years, it has built the Barakhamba Underground Station in Delhi and Providence Stadium
The Providence Stadium or Guyana National Stadium is a sports stadium in Guyana, replacing Bourda as the national stadium. The stadium was built specifically to host Super Eight matches in the 2007 Cricket World Cup held in March and April 2007.
...
in Guyana
Guyana ( or ), officially the Cooperative Republic of Guyana, is a country on the northern mainland of South America. Guyana is an indigenous word which means "Land of Many Waters". The capital city is Georgetown. Guyana is bordered by the ...
.[ In 2010, it built India's tallest building of the time, The Imperial, a residential tower in Mumbai.][
The Shapoorji Pallonji has also had a brief involvement with ]Bollywood
Hindi cinema, popularly known as Bollywood and formerly as Bombay cinema, refers to the film industry based in Mumbai, engaged in production of motion pictures in Hindi language. The popular term Bollywood, is a portmanteau of "Bombay" (fo ...
. Released in 1960, K. Asif
K. Asif (born Asif Karim; 14 June 1922 – 9 March 1971) was an Indian film director, film producer and screenwriter who is known for his epic film, ''Mughal-e-Azam'' (1960).
Early life
Asif was born in Etawah, Uttar Pradesh, India to paren ...
's magnum opus, and one of the most popular and critically acclaimed Bollywood films of all time, ''Mughal-e-Azam
''Mughal-e-Azam'' () is a 1960 Indian epic historical drama film produced and directed by K. Asif. Starring Prithviraj Kapoor, Dilip Kumar, Madhubala, and Durga Khote, it follows the love affair between Mughal Prince Salim (who went on ...
'', 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 12 November 2004. Shapoor Mistry, grandson of Shapoorji Pallonji Mistry, thought it a fitting tribute to complete his grandfather's unfinished dream of colourising the film, especially as the original was produced by his grandfather.[ In 2016, Shapoorji Pallonji Group, in association with the ]National Centre for the Performing Arts (India)
The National Centre for the Performing Arts (NCPA) is a multi-venue, multi-purpose cultural centre in Mumbai, India, which aims to promote and preserve India's heritage of music, dance, theatre, film, literature and photography. It also presents ...
, co-produced ''Mughal-e-Azam
''Mughal-e-Azam'' () is a 1960 Indian epic historical drama film produced and directed by K. Asif. Starring Prithviraj Kapoor, Dilip Kumar, Madhubala, and Durga Khote, it follows the love affair between Mughal Prince Salim (who went on ...
'', a Broadway
Broadway may refer to:
Theatre
* Broadway Theatre (disambiguation)
* Broadway theatre, theatrical productions in professional theatres near Broadway, Manhattan, New York City, U.S.
** Broadway (Manhattan), the street
**Broadway Theatre (53rd Stree ...
-style musical
Musical is the adjective of music.
Musical may also refer to:
* Musical theatre, a performance art that combines songs, spoken dialogue, acting and dance
* Musical film and television, a genre of film and television that incorporates into the narr ...
directed by Feroz Abbas Khan
Feroz Abbas Khan is an Indian theatre and film director, playwright and screenwriter, who is most known for directing plays like Mughal-e-Azam, ''Saalgirah'', ''Tumhari Amrita'' (1992), ''Salesman Ramlal'' and ''Gandhi Viruddh Gandhi''.
Car ...
, and based on the 1960 Bollywood film ''Mughal-e-Azam''.
Acquisitions
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
Gwalior state was a semi-autonomous Maratha state. It was centred in modern-day Madhya Pradesh, arising due to the rise of the Maratha Empire and fragmentation of the Mughal Empire.
It was ruled by the House of Scindia (anglicized from Shinde ...
for Tata Steel
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata ...
(then ''TISCO'') in 1924 and merging local cement companies to form ACC Cement in 1936. F.E. Dinshaw and Co. also had a 12.5% stake in Tata Sons
Tata Sons Private Limited is the parent company of the Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants. It is a privately owned conglomerate of ...
, which came to Shapoorji Pallonji.[
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''.] The company was already listed on the BSE
BSE may refer to:
Medicine
* Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle
* Breast self-examination
Stock exchanges
* Bahrain Stock Exchange, Bahrain
* Baku Stock Exchange, Azerbaijan
* B ...
when it was taken over and remains the group's only listed entity as of 2011.[
In 2012, Shapoorji Pallonji was planning to build a ]deepwater port
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Ham ...
in Gujarat
Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...
.
See also
* Afcons Infrastructure
Afcons Infrastructure Limited is a construction and engineering company based in Mumbai, Maharashtra, India. The company provides infrastructure services and is involved in the construction of infrastructure projects such as viaducts, flyovers, ...
* ''Statue of Belief
The Statue of Belief or Vishwas Swaroopam is a statue of the Hindu God Shiva constructed at Nathdwara in Rajasthan, India. The statue opened on 29 October 2022. Currently, the Statue of Belief is the tallest statue of Lord Shiva in the Wor ...
''
* Tata Group
The Tata Group () is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continent ...
References
{{Reflist
Shapoorji Pallonji Joyville Sector 102 Dwarka Expressway gurgaon
Sector 102 of Gurgaon is home to the brand-new residential neighbourhood Shapoorji Pallonji 102 Gurgaon, which is adjacent to the Dwarka Expressway. This project has a starting cost of Rs. 1 crore, which is why I'm offering it. The Dwarka Expressway sector 102 project in Gurgaon is the least priced. With the best amenities and connectivity, this neighbourhood provides high-quality, fairly priced homes with 2 and 3 bedrooms.
What Is Shapoorji Pallonji 102 gurgaon -
Since its completion in 1970, the Shapoorji Pallonji Joyville 102 Gurgaon has made a significant contribution to Noida's development. It is a fantastic project that guarantees your future. Modern comforts are provided in the Shapoorji Pallonji 102 Gurgaon City Center, which is experiencing the fastest rate of commercial expansion. The 18-acre size, the fact that 75% of it is open space, the fact that 3 acres will only be utilised for light parks, the fact that it is a project with Jiogigafiber installation, air pollution controllers, and more than 31 amenities are the primary characteristics of Shapoorji Pallonji 102 Gurgaon. It is a project that is also future-proofed. Large two- and three-bedroom homes are readily available, and the Dwarka
External links
Official website
Companies based in Mumbai
Indian companies established in 1865
Companies based in Bangalore
Shapoorji Pallonji Group
Conglomerate companies established in 1865