Afcons Infrastructure Ltd has announced two significant additions to its board of directors. The company confirmed the appointment of Firoz Cyrus Mistry and former banker Santosh Nayar as directors, signaling both next-generation leadership involvement and financial expertise at the helm.
Firoz Cyrus Mistry, son of late Cyrus Mistry, marks the entry of the younger generation of the Shapoorji Pallonji family into the infrastructure major. His induction is expected to strengthen continuity in strategic vision, with the family playing a key role in steering Afcons’ long-term growth.
Santosh Nayar, a seasoned name in Indian banking, brings with him decades of experience in finance, corporate banking and project funding. His presence on the board is likely to enhance Afcons’ ability to manage capital-intensive projects and tap new financing structures at a time when India is ramping up infrastructure spending.
At the same meeting, Afcons’ board also approved an Employee Stock Option Plan (ESOP 2025) to reward and retain talent, along with an issuance of non-convertible debentures (NCDs), aimed at diversifying funding sources.
The appointments highlight Afcons’ intent to blend family legacy with professional expertise as it navigates large-scale projects in transportation, marine works, and energy infrastructure.
