The Shapoorji Pallonji Group is a Mumbai based business conglomerate in India with interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology. It was headed by Pallonji Mistry until 2012, when he announced his retirement and his son Shapoor Mistry took charge. 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. 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.
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