The Mistry family of the Shapoorji Pallonji group holds 67%, while the Daruvala family led by managing director Khurshed owns 33%. Across the street, another Parsi businessman, Shapoorji Pallonji Mistry Sr of the eponymously-named construction firm was laying the foundation for his family business and Bombay’s heritage structures. Sterling and Wilson’s growth engine is clearly its solar engineering , procurement and construction (EPC) business, started in 2011. Globally too, outside the US and China, the company is the biggest in this business,” Khurshed told ET. It is very rare,” he says.While Sterling and Wilson has expanded dramatically, parent SP Group has also grown, he says.

Source: Economic Times December 04, 2017 18:45 UTC