Firoz Mistry, the elder son of the late Cyrus Mistry, has been appointed as a non-executive director on the board of Afcons Infrastructure, the flagship infrastructure arm of the Shapoorji Pallonji Group. This move marks a significant step in the involvement of the next generation of the Mistry family in the group’s operations.
At 29, Firoz Mistry brings a fresh perspective to the company. He holds positions on the boards of SC Finance and Investments Pvt Ltd and Cyrus Investments Pvt Ltd, and serves as a designated partner in CPM Nexgen Ventures LLP and Mistry Ventures LLP. His appointment to Afcons’ board follows the recent induction of his cousin, Pallon S. Mistry, indicating a broader integration of the Mistry family’s younger members into the group’s leadership.
Afcons Infrastructure has also appointed veteran banker Santosh Balachandran Nayar as an independent director. Nayar’s extensive experience in project finance and banking is expected to complement the strategic direction of the company.
These appointments come shortly after Shapoorji Mistry, the previous chairman of Afcons, stepped down and was named Chairman Emeritus. Krishnamurthy Subramanian has since been appointed as the Executive Chairman, further indicating a structured succession plan within the Shapoorji Pallonji Group.
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