Page 39 - Sp Group News Today

The SP Groups interest spans from engineering & construction under its flagship Afcons, real estate, consumer goods, and solar power, from the last two it had exited recently as part of deleveraging. The group employs more than 50,000 people in more than 50 countries today.

MUMBAI - Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday (Sept 4), Indian police said. Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a long-drawn-out legal tussle on which India's...

Since Cyrus Mistry was appointed the Tata Group's Chairman, the family business was entrusted it to his elder brother Shapoor Mistry.

Mistry, 54, who died on Sunday, was sacked from Tata Sons, the holding company of the $300b conglomerate, in 2016.

Over 70-years, Shapoorji Pallonji (SP) Group-Tata relationship is built on a foundation of friendship, trust, and...

The holding company has been under a debt pile on account of its real estate business

Cyrus was the son of billionaire Pallonji Mistry, 91, who controls the 155-year-old SP Group and whose net worth is almost $27 billion

Until his appointment as the chairman to lead Tata Sons, not many knew of Cyrus Mistry, who was then associated only with his family business.

Indias prime minister Narendra Modi has led tributes to one of the countrys most prominent businessmen, tweeting that his passing away is a big loss to the world of commerce and industry.

Scion of SP group was travelling in a Mercedes SUV with three close friends when it slammed into a divider on Charkoti bridge at 3.15pm , around 120km from Mumbai