The company was founded in 1865 as a partnership firm, Littlewood Palonji. The first project was to build a footpath at Girgaum Chowpatty, followed by a reservoir. Malabar Hill has been supplying water to Mumbai for over 100 years. The company also built Brabourne Stadium in Mumbai and Jawaharlal Nehru Stadium in Delhi. He also built the Mumbai Central Railway Station at a cost of ₹ 1.6 crore. The company was lauded by the then Governor of Mumbai for completing the work in 21 months. In recent years, he has built the Barakhamba underground station in Delhi and the Providence Stadium in Guyana. In 2010, he built the tallest building in India, The Imperial, a residential tower in Mumbai.

Shapoorji Palonji also had some involvement in Bollywood. Released in 1960, K. A masterpiece of Asif, and one of the most popular and critically acclaimed Bollywood films of all time, Mughal-e-Azam, was funded by the group with a budget of ₹ 1.5 crore, making it the most expensive. Until then Bollywood movies and many years record. After more than four decades, with a budget of Rs 5 crore released on November 12, 2004, the group funded the digital remastering of the film. Shapoorji Palonji Mistry’s grandson Shapoor Mistry felt a fitting tribute to his grandfather for completing his unfinished work. Especially in the original film, his grandfather had a dream of painting. In 2016, the Shapoorji Palonji Group, in collaboration with the National Center for the Performing Arts (India), co-produced Broadway-style music, Mughal-e-Azam, directed by Feroz Abbas Khan, and Mughal-e-Azam films based on it. 1960’s Bollywood.