In 2012, Mistry was appointed as the chairman of the Tata Group. His brother, Shapoor Mistry, was entrusted with the responsibilities of the SP Group
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Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.
His death comes as a blow to Shapoorji Pallonji group
Leads to an outpouring of grief and shock among his industry colleagues
In a statement, the company described Mistry as "a warm and friendly person"
A well-known gynecologist in Mumbai was driving the car which crashed on a road divider on Sunday, killing former Tata Sons chairman Cyrus Mistry and another occupant of the vehicle, police said. Primary information suggests that the car was over speeding and tried to overtake another vehicle from the wrong side (from the left), a police official told PTI. The gynecologist, Anahita Pandole (55), and her husband Darius Pandole (60) survived the crash, while Mistry (54) and Jahangir Pandole, brother of Darius, were killed in the accident, which happened around 3 pm, about 120 km from Mumbai, the official said. Mistry and Jahangir were in the back seats, the official said. Darius was in the the front seat with Anahita, who was at the wheel, he said. A woman was driving the car and tried to overtake another vehicle from left side, but lost control and crashed into the road divider, an eyewitness said. The eyewitness, who works in a roadside garage, told a Marathi TV channel: We rushed
Mukund Rajan, who worked closely with Cyrus Mistry, on Sunday said his former boss' death in a car accident is a huge loss for the corporate world. "He cared deeply about sustaining the values the (Tata) Group stood for, and set a great example of hard work and responsibility for every member of his team," Rajan, who was the brand custodian and member of the group executive council (GEC) under Mistry, told PTI. Rajan said Mistry, who donned the mantle of chairmanship at the age of 44 in 2012, was very young but slipped into the giant shoes of his predecessor Ratan Tata with felicity and grace. Mistry was described as an inspiring leader, and a kind and considerate human being by Rajan, who had worked under Ratan Tata. "His untimely demise is a huge loss for the corporate world, Rajan, who began an entrepreneurial journey after leaving the Tata group in 2018, said.
There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons
Prime Minister Narendra Modi on Sunday condoled the demise of Mistry and said his passing away is a big loss to the world of commerce and industry
Till his appointment as the chairman to lead Tata Sons, not many knew of Cyrus Mistry, who was then associated only with his family business. A south Mumbai low-profile boy, 44-year-old Mistry family scion was already heading companies in the Shapoorji Pallonji Group when he was appointed to succeed Ratan Tata as the head of the over USD 100 billion, salt-to-software Tata group. According to reports, he was reluctant to take up the job but some persuasion, including by Ratan Tata himself, led him to accept the offer. After four years at the helm, he was replaced in a boardroom coup in October 2016, which saw Ratan Tata coming back to helm the group before the reigns were passed on to N Chandrasekhar. The might of his father Pallonji Shapoorji Mistry who was called as the 'Phantom of Bombay House' for the influence he wielded at the Tata Group headquarters, did not come in handy to help Mistry, who had begun on a wide-ranging drive to improve governance practices at the group. It ..
Known to like golf, the late business magnate Cyrus Mistry was considered a studious backroom executive with a sharp mind
The driver of the car in which Cyrus Mistry was travelling lost control due to overspeeding and rammed into the divider, said Palghar Police sources
The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought into focus the high number of deaths caused in such incidents every year in the country, with government data showing a record 1.55 lakh lives were lost in 2021. Mistry, 54, was killed this afternoon after his car hit a divider in Maharashtra's Palghar district when he was travelling from Ahmedabad to Mumbai in a Mercedes car. The accident took place around 3.15 pm on a bridge over the Surya river. It seems an accident, said Palghar Superintendent of Police Balasaheb Patil. According to National Crime Records Bureau data released recently, over 1.55 lakh people were killed in road crashes across India in 2021 -- an average of 426 daily or 18 every single hour. This is the highest death figures recorded in such accidents in any calendar year so far. Besides the deaths, 3.71 lakh people were also injured in 4.03 lakh 'road accidents' across the country last year, showed the NCRB figu
Tata Sons Chairman N Chandrasekaran on Sunday condoled the death of Cyrus Mistry, a man who, he said, had a passion for life. "I am deeply saddened by the sudden and untimely demise of Mr Cyrus Mistry. He had a passion for life and it is really tragic that he passed away at such a young age," Chandrasekaran said in a statement. He further said, "My deepest condolences and prayers for his family in these difficult times." According to police, Mistry (54) was killed on Sunday when his car hit a road divider on a bridge in Maharashtra's Palghar district neighbouring Mumbai. Mistry took over as Chairman of Tata Sons in December 2012 after Ratan Tata retired. However, in October 2016 he was ousted from the position followed by boardroom battles and a long-drawn legal battle. Chandrasekaran was designated as Chairman of Tata Sons in January 2017 and took official charge in February 2017.
Maharashtra Deputy Chief Minister Devendra Fadnavis on Sunday said he has asked the state police to conduct a detailed investigation into the accident in which former Tata Sons chairman Cyrus Mistry was killed. Fadnavis said he was shocked and deeply pained to know about the demise of Mistry (54) in the unfortunate accident near Palghar adjoining Mumbai. "Spoke to DGP and instructed for detailed investigations," tweeted Fadnavis, who is also the state home minister. "My deepest condolences to his family, friends and colleagues," he said. Mistry was on Sunday killed after his car hit a divider in Palghar district. He was travelling from Ahmedabad to Mumbai in a Mercedes car, a police official said. The accident took place on a bridge over the Surya river, Palghar district Superintendent of Police Balasaheb Patil said.
Untimely demise of Cyrus Mistry shocking; he was promising business leader who believed in India's economic prowess, tweets PM Modi
The patriarch of the over 155-year-old construction empire held an 18.4 per cent stake in Tata Sons
Billionaire industrialist Pallonji Mistry died in Mumbai last night