Late Cyrus Mistry son Firoz joins Afcons Board

Afcons Infrastructure Ltd of the Shapoorji Pallonji (SP) Group stated it has inducted Firoz Cyrus Mistry, the son of former Tata Group chairman late Cyrus Misty as non-executive director and banker Santosh Balachandran Nayar as unbiased director into its board. 

Krishnamurthy Subramanian, government chairman, Afcons stated, “Their entry marks their passionate involvement in shaping Afcons’ future.”

This comes shut on the heels of Pallon S. Mistry, Shapoor Mistry’s son, one other next-generation member of the SP household, becoming a member of the Afcons board final month — signalling next-gen household involvement in Afcons.

“Both Firoz and Pallon have been engaged with the company since a long time, in their individual capacities. They will bring fresh perspectives and insights to the Board through their diverse experiences, their international exposure and unique understanding of infrastructure business,” Mr. Subramanian stated.

“The active participation of the young members of Mistry family alongside seasoned professionals shall propel Afcons towards a renewed growth trajectory,” he stated.

Firoz Cyrus Mistry is on the boards of S.C. Finance and Investments Pvt Ltd and Cyrus Investments Pvt Ltd, and designated associate in CPM Nexgen Ventures LLP and Mistry Ventures LLP.

At 29, Mr. Firoz Cyrus Mistry brings a next-generation management perspective, combining recent insights with a forward-looking strategic mindset, whereas remaining grounded within the Shapoorji Pallonji Group’s values of belief and collaboration, Afcons stated.

“He brings a strong educational foundation with his liberal arts education from Yale University, USA, which has provided him with critical thinking skills, analytical capabilities, and a broad interdisciplinary perspective valuable for business decision-making,” it added. 

Mr. Nayar, has over 4 a long time of expertise in challenge finance, banking, and insurance coverage. He has held a number of senior management positions, together with deputy managing director and group government (Corporate Banking) on the State Bank of India, managing director and chief government officer at IFCI Limited, and chairman and managing director at India Infrastructure Finance Company Limited. 

He presently serves as an unbiased director on the boards of a number of corporations within the energy, finance, and infrastructure sectors. He had been nominated by the Prime Minister as a member of Dr. Kelkar Committee for growing PPP mannequin for India.