Business
Afcons elevates Shapoorji Mistry as Chairman - Emeritus, Krishnamurthy Subramanian as Executive Chairman, and inducts Pallon S Mistry to its Board
Afcons Infrastructure Limited, a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, announced today, that the Board of Directors elevated existing Chairman Shapoorji Mistry as Chairman - Emeritus, and Krishnamurthy Subramanian as Executive Chairman, while Pallon S Mistry was inducted to the Board of Afcons.
About this update from Afcons Infrastructure Limited
[{"type":"text","content":"MUMBAI, India, Aug. 29, 2025 /PRNewswire/ -- Afcons Infrastructure Limited, a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, announced today, that the Board of Directors elevated existing Chairman Shapoorji Mistry as Chairman - Emeritus, and Krishnamurthy Subramanian as Executive Chairman, while Pallon S Mistry was inducted to the Board of Afcons.","length":402,"tagName":"p"},{"type":"image","alt":"L- R - Mr Krishnamurthy Subramanian, Executive Chairman, Afcons, Mr Shapoorji Mistry, Chairman – Emeritus, Afcons, Mr Pallon S Mistry, Non-Executive Director","displaySize":"","headline":null,"caption":"L- R - Mr Krishnamurthy Subramanian, Executive Chairman, Afcons, Mr Shapoorji Mistry, Chairman – Emeritus, Afcons, Mr Pallon S Mistry, Non-Executive Director","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":296,"url":"https://media.zenfs.com/en/prnewswire.com/23d17d78bdbadd1b8c10a8d3e18ab11e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vombqXfil72qmr8wvMlmMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/23d17d78bdbadd1b8c10a8d3e18ab11e","width":400,"height":296}},"href":"https://mma.prnewswire.com/media/2760816/L_R_Krishnamurthy_Shapoorji_and_Pallon.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Shapoorji Mistry, who served on the Board of Afcons for more than 25 years, including over 13 years as its Chairman, will now move into the new role of Chairman Emeritus, a honorary, non-board position, which will allow him to continue providing guidance, mentorship, and support to the Board and the management of Afcons as and when necessary. This also reaffirms and ensures that Afcons continues to be a truly professionally managed organisation.","length":449,"tagName":"p","attribs":{}},{"type":"text","content":"The Board acknowledged Shapoorji Mistry's pivotal role played in Afcons growth trajectory between FY2012 and FY2025, wherein turnover grew nearly fivefold to ₹13,023 Cr, EBITDA rose at a CAGR of over 14.5%, and the order book expanded more than five fold to ₹36,869 Cr.","length":273,"tagName":"p","attribs":{}},{"type":"text","content":"Pallon S Mistry will now represent the next generation of Shapoorji Pallonji family, to the Board of Afcons Infrastructure. H...