TATA Group’s Ex-Chairman Cyrus Mistry dies in a fatal car accident in Mumbai

Former Chairman of Tata Sons, Cyrus Mistry, was killed in a car accident when he was traveling from Gujarat’s Udwada district along with Jehangir Pandole, Anahita Pandora, and Darius Pandora. Anahita Pandora and her husband Darius Pandole are seriously injured. While Cyrus Mistry who was sitting in the back seat of the car died on the spot.

The businessman’s premature demise, according to Prime Minister Narendra Modi, was a significant loss to the commercial and industrial worlds. Two sons, as well as Mistry’s wife Rohiqa Chagla, survive him.

Let’s take a closer look at a few aspects of the life of the industrialist, who had years of diverse experience leading companies in the construction, entertainment, electricity, and financial sectors.

Early Life

Pallonji Mistry, the millionaire patriarch of the Shapoorji Pallonji group, and Patsy Perin Dubash welcomed Cyrus Mistry into the world in 1968. In South Mumbai, he attended Cathedral & John Connon School. After earning his business degree from the University of Mumbai, he attended Imperial College in London to study civil engineering. He subsequently continued on to earn a management master’s degree from London Business School.

His parents are both Zoroastrians with roots in India. Meanwhile, Mistry’s mother was born in Ireland and her father decided to obtain Irish citizenship. Mistry’s older brother, Shapur Mistry, is married to Bellows Cessna, a Parsi lawyer, and both hold Irish citizenship. Lyra and Aru are Mistry’s sisters. His Rustom Jehangir, a London-based portfolio manager of his fund, is married to Laila. Aru is married to Ratan Tata’s half-brother, Noel Tata, who is also half Parsi, half French, and half Catholic.

In 1996, the University of London bestowed an International Executive Masters in Management degree upon Mistry.

Career

In 1991, Cyrus Mistry joined the family company and was appointed director of Shapoorji Pallonji & Co Ltd. He was appointed managing director of the organization three years later. Shapoorji Pallonji’s construction company’s revenue increased under his leadership from $20 million to nearly $1.5 billion. Mistry managed the company’s expansion from construction to the design and construction of challenging projects in the maritime, oil & gas, and railway industries.

Mistry was also a non-executive director at Forbes Gokak Ltd., senior vice-president for operations and planning at Convergence Media Pvt. Ltd., and a partner in UTV Toons India.

Shapoorji Mistry, Mistry’s grandfather, had initially purchased a stake in Tata Sons in the 1930s. A year after his father left Tata Sons, in September 2006, Cyrus Mistry joined the company’s board of directors.

In 2011, Cyrus Mistry was appointed deputy chairman of the Tata Group. In December 2012, with much hoopla, he succeeded Ratan Tata as chairman of Tata Sons. He was appointed chairman of Tata Sons a year later.

He oversaw all of the key Tata businesses, including Tata Industries, Tata Steel, Tata Consultancy Services, Tata Motors, Tata Chemicals, Tata Power, Tata Teleservices, Tata Global Beverages, and Indian Hotels in addition to his duties at the Shapoorji Pallonji group.

But a boardroom takeover resulted in his dismissal from the role in October 2016. A protracted court dispute followed.

Personal life

The granddaughter of judge M.C. and the daughter of attorney Iqbal Chagla, Rohiqa Chagla was Mistry’s wife. Chagla. Iqbal Chagla has planned Cyrus Mistry’s course of action in the legal dispute with The Tata Sons. The couple had two sons, Firoz and Zahan Mistry.

Mistry was a permanent resident of India as well as an Irish citizen (he obtained Indian citizenship abroad). According to a news story in the Irish newspaper The Independent, Mistry considers herself a citizen of the world. On June 28, 2022, his father Pallonji Mistry passed away.

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