Mumbai: Afcons Infrastructure Ltd, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has announced the induction of Firoz Cyrus Mistry and veteran banker Santosh Balachandran Nayar into its Board of Directors.
The development follows last month’s appointment of Pallon S Mistry to the Afcons board, underscoring the active participation of the next generation of the Shapoorji Pallonji family in steering the company’s future.
Next-Gen Leadership: Role of Firoz Cyrus Mistry
At just 29, Firoz Cyrus Mistry brings a blend of global exposure and business acumen to Afcons. A graduate of Yale University, he is currently on the boards of S C Finance and Investments Pvt Ltd and Cyrus Investments Pvt Ltd, and serves as a partner in CPM Nexgen Ventures LLP and Mistry Ventures LLP. His expertise spans governance frameworks, compliance, investment evaluation, portfolio advisory, and operational management.
Also Read: Afcons Appoints Shapoorji Mistry as Chairman Emeritus, Inducts Pallon S Mistry to Board
Executive Chairman Krishnamurthy Subramanian highlighted that both Firoz and Pallon Mistry have long been engaged with the company and will now provide fresh perspectives that integrate international experience with infrastructure sector insights.
Veteran Banker Santosh Nayar Brings Financial Expertise
Alongside Mistry, Santosh Balachandran Nayar joins the Afcons board as an Independent Director. With over 40 years of experience in finance and infrastructure, Nayar has held senior roles including Deputy Managing Director & Group Executive (Corporate Banking) at State Bank of India, Managing Director & CEO at IFCI Limited, and Chairman & Managing Director at India Infrastructure Finance Company Limited. He was also a member of the Dr. Kelkar Committee, nominated by the Hon. Prime Minister, to develop India’s PPP model.
Nayar continues to serve as an independent director on several company boards across the power, finance, and infrastructure sectors.
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Strategic Expansion of Afcons Board
With Firoz Cyrus Mistry appointed as a Non-Executive Director and Santosh Nayar as an Independent Director, Afcons has strengthened its board by combining next-generation leadership from the Shapoorji Pallonji family with seasoned financial expertise.
This mix of youth and experience is expected to guide Afcons Infrastructure towards a renewed growth trajectory.
