"The intent to deliver profit with positive social impact will be embedded in each of the ventures we promote or partner with,” said industrialist Cyrus Mistry (pictured) about the formation of Mistry Ventures LLP. The firm, jointly promoted by Cyrus with sibling Shapoor Mistry, chairman of the Shapoorji Pallonji (SP) Group, was established to provide strategic insights and advice to 
businesses, incubate new ventures and provide capital to start-ups in India and globally. "By interpreting some of the major global and local trends and understanding their impact on industries and companies, we will incubate new businesses, forge partnerships... Mistry Ventures will focus on providing mentorship and infusing unique capability sets to help start-ups,” Cyrus was quoted in The Economic Times of October 25, 2018. Ashish Iyer, senior partner and previously global leader, strategy practice at the Boston Consulting Group will lead the firm.
The announcement of the new venture came exactly two years after Cyrus was ousted as chairman of the Tata Group on October 24, 2016. He is in appeal in the National Company Law Tribunal against the removal.
Cyrus’ removal as chairman of Tata Sons, the Group holding company, and as director of Tata Consultancy Services "violated provisions of the Companies Act, Reserve Bank of India (RBI) rules and Tatas’ Articles of Association (AOA),” according to the Registrar of Companies (ROC) quoted in The Times of India report on October 31, 2018. Assistant ROC Uday Khomane stated this on October 3 in response to a Right to Information (RTI) request filed by the investment arms of the SP Group on August 31. Khomane stated that Tata Sons did not obtain prior approval of RBI as was required by law. Also, Article 118 of the AOA of Tata Sons prescribes that its chairman can be removed in the same process as specified for his approval, i.e. by the selection committee consisting of four persons. Mistry’s removal was in violation of this Article.
The SP Group will diversify its real estate portfolio to tap the growing warehouse sector, stated a report in the Hindu BusinessLine of October 14, 2018. "This (is) mainly because (focussing on) only residential is risky... We are in talks with global firms for making the foray... The sector has to be seen as a product offering rather than as a structure or a shed,” said chief executive officer Venkatesh Gopalakrishnan.
The Group has plans to launch about a total of 90 million sq ft of projects across its existing markets in the next three financial years, with 35 million sq ft each being planned for the current and the next year alone, Gopalakrishnan told the Livemint of October 7. The 90 million sq ft pipeline includes projects under its Joyville (mid-income housing) and luxury projects in Bombay, Poona and Calcutta.