Who is Rohiqa Mistry? The Shapoorji Pallonji Group is the single largest shareholder of Tata Sons. They are mostly into real estate.
Rohiqa Mistry is one of the three women who became a billionaire in India in 2023, according to Forbes. Her net worth is 7 billion dollars which translates into Rs 56000 crore. She is also the second richest woman in India. Savitri Jindal, with a wealth of 17 billion dollars, is the richest woman in india. Rekha Jhunjhunwala is third on the list. Jhunjhunwala and Saroj Rani Gupta are the other two women who made it to the billionaire list for the first time ever. Who is Rohiqa Mistry?
Rohika Mistry is the wife of Cyrus Mistry, who died in a car crash. Her father-in-law Pallonji Mistry had died just a few weeks ago. The 55-year-old woman is the daughter of veteran lawyer Iqbal Chagla.
Pallonji Mistry, who died in June last year, has two sons -- Shapoor Mistry and Cyrus Mistry. Cyrus died weeks later in a car crash in Maharashtra's Palghar district.
The couple were married for over thirty years. They married in 1992. They have two sons -- Zahan Mistry and Firoz Mistry.
She comes from a family of legal luminaries. Her brother is Riyaz Chagla. He became a judge in the Bombay High Court in 2017.
Her grandfather MC Chagla was the Chief Justice of the Bombay High Court. He was also a cabinet minister in the Congress government.
The Shapoorji Pallonji Group is the single largest shareholder of Tata Sons. They are mostly into real estate. Ratan Tata is the Tata Sons chairman emeritus.
Recently, it was reported that the company is thinking of raising $1.75 billion by pledging the remaining half of its stake in the unlisted holding company of the Tata Group. It has already pledged 9 percent of their 18.37 percent stakes in Tata Sons. It will use the money in reducing its debt.
With this, the total loan against Tata Sons shares they have taken will exceed 3 billion dollars. The SP group is mostly owned by the family members.
The group was formed by Pallonji Mistry in 1865. It has interests in real estate, construction, infrastructure and construction.
The group has had close ties with the Tatas. However, since Cyrus Mistry was removed as the chairman of Tata Sons in 2016 and the two groups clashed in a courtroom, their relations have soured.
However, they remained business partners till Mistry's death in 2022.
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 "Rohiqa Mistry's late husband Cyrus Mistry was partners with the Ratan Tata-led group. (File)")
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