Afcons Infrastructure Ltd announced the appointment of Firoz Cyrus Mistry and Santosh Balachandran Nayar to its Board of Directors. This move follows Pallon S Mistry’s recent entry and signals increased involvement of the next-generation Shapoorji Pallonji family. The company anticipates fresh perspectives and renewed growth through their expertise.
New Leadership on the Horizon
Afcons Infrastructure Ltd has welcomed Firoz Cyrus Mistry and veteran banker Santosh Balachandran Nayar to its Board of Directors. This announcement highlights a strategic move to enhance the company’s future direction and leverage diverse expertise.
Family Involvement and Strategic Vision
The induction of Firoz Cyrus Mistry follows Pallon S Mistry’s entry last month, indicating growing participation from the next generation of the Shapoorji Pallonji family. These appointments align with Afcons’ objective of incorporating fresh insights and perspectives.
Executive Commentary
Krishnamurthy Subramanian, Executive Chairman of Afcons, stated that these appointments mark a passionate involvement in shaping Afcons’ future. He highlighted the value of diverse experiences and a unique understanding of the infrastructure business that the new members bring to the table.
About the New Board Members
Firoz Cyrus Mistry, aged 29, brings a next-generation leadership perspective. His experience spans strategic formulation, governance frameworks, and relationship building. He is also involved in operational management, business development, and investment evaluation.
Santosh Nayar has over four decades of experience in project finance, banking, and insurance. He has held leadership positions at the State Bank of India, IFCI Limited, and India Infrastructure Finance Company Limited. Currently, he serves as an independent director on the boards of several companies in the power, finance, and infrastructure sectors. He has also served on governmental committees.
Roles within Afcons
Firoz Cyrus Mistry has been appointed as a Non-Executive Director, and Santosh Nayar has joined the Afcons board as an Independent Director.
Afcons Infrastructure Overview
Afcons Infrastructure Ltd is a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group with over six decades of experience. It is ranked among the top international contractors, specifically in bridges and marine & ports.
Source: BSE
