In 1991, Cyrus entered the family business, becoming director of its flagship construction company, Shapoorji Pallonji & Co. Ltd. His brother, Shapoor, directed the group’s real-estate business, and their father continued as chairman of the board of directors. Pallonji Mistry also sat on the board of the Tata Group, another Mumbai-based conglomerate controlled by another prominent Parsi family, the Tatas.

His firm Cyrus Investments holds 18.4 percent stake in the Tata Group. Notably, 66 percent of TATA Sons is owned by a philanthropic trust called TATA Philanthropic Allied Trusts, which contributes by tackling issues in health, education, and poverty. The company also provides education grants for deserving candidates to study abroad and in India.