The Tata and Mistry families have been close for almost a century.

(File photo)

This year has been very bad for Shapoor Mistry.

After losing their father and younger brother in just three months, one of the world's richest families now faces a huge business challenge.

According to Bloomberg's report, for the 

last five generations and 157 years, the Mistry family has expanded its business to building palaces, factories and stadiums in Asia.

According to the Bloomberg Billionaires Index, 90 percent of the family's $29 billion wealth is tied up in a dispute with  

India's largest conglomerate, the

Tata Group .

Now at the age of 57, Mistry will have to see how he resolves this controversy.

Corona has had a big impact on business.

There is an environment of weak economy.

In such a situation, it has to be seen how the

Shapoorji Pallonji group gets

the cash free in the midst of rising loan rates.

He is meeting lawyers and meeting consultants.

People associated with the matter say that some family and friends have offered to mediate when the time is right. 

Mistry and Tata - both of whom belong to the Parsi Zoroastrian community.

These two families remained close for almost a century but then there was a dispute between them.  

The family holds 18 percent of Mistry's assets in Tata Sons Private Limited.

Tata Sons Pvt Ltd, a $128 billion conglomerate, owns brands like Jaguar, Land Rover.

The escalation of the dispute between the two parties means that Mistry cannot sell these holdings.

With this, it can become the largest such asset in the world, which cannot be redeemed.   

Shapoorji Mistry declined to comment for this story.

After Ratan Tata in the Tata Group, Shapoor Mistry's late younger brother was made the chairman.

Cyrus tried to quickly reduce the group's debt.

Only four years later, Cyrus Mistry was not liked in the boardroom and was abruptly ousted.  


Then there was a court battle between the two families which was finally won by the Tata Group last year.

Meanwhile, Tata Sons changed its status to a private firm in 2017.

Now it has become even more difficult for the Mistry family to sell their stake to another investor.

Experts say that it may take time for the Mistry family to get out of this dispute. 

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