Business Standard

SP group back in business as fortunes revive in post pandemic era

After blow to its core realty operations, experts give thumbs up to SPCPL as flagship firm exits from debt restructuring scheme

Shapoorji Pallonji

Experts say the group is regaining ground

Viveat Susan PintoDev Chatterjee Mumbai
Shapoorji Pallonji and Company Private Limited (SPCPL), the flagship company of the 150-year-old SP Group, has successfully exited from the one-time debt restructuring scheme by selling a part of its assets and pledging a part of its stake in the investment firms.

As the company effected a turnaround in fiscal 2022 after the Covid-19 pandemic hit its core real estate business in FY 2021, experts say the group is back in business with Pallonji Mistry’s sons now leading the businesses.

In early 2012, Mistry had handed over the day-to-day operations of the group to his elder son, Shapoor, while his younger son,

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First Published: Jun 28 2022 | 6:56 PM IST

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