Former TATA Sons Chairperson Mr Cyrus Mistry died in a road accident on 4 September 2022 while traveling with three others to Mumbai from Ahmedabad when his Mercedes car hit the divider at a bridge over the Surya River in Palghar.Mr Mistry was born on 4 July 1968 to a wealthy business family of diversified conglomerate Shapoorji Pallonji Group. Mr Cyrus was the youngest son of Mr Palloji Mistry. Upon the completion of his schooling at the Cathedral and John Connon School in Mumbai, he left for London from where he acquired his engineering and management degree only to return to India and join the legacy of the prestigious family business. In 1992 Mr Mistry married Ms Rohiqa Chagla, daughter of prominent lawyer Mr Iqbal Chagla.In 1991 he entered the family business, becoming director of its flagship construction company, Shapoorji Pallonji. During Mr Mistry’s two decades reign as the boss of the company, Shapoorji Pallonji made an enormous growth and expansion not just in India but in the regions like Africa and the Middle East as well.In 2006, he replaced his father Mr Pallonji Mistry on the board of the TATA Group and in November 2011 he was elevated to the post of deputy chairperson of the reputed TATA group, with an explicit goal of taking over as the chairperson after Mr Ratan Tata who was set to retire from his post which he held since 1991. Upon his elevation as the deputy chairperson of the TATA Group, he resigned from Shapoorji Pallonji. In 2012 he officially succeeded Mr Ratan Tata as chairman of the Tata Group. Mr Mistry’s tenure as chairman lasted until October 2016, when he was abruptly dismissed. Several Media reports indicated that the disagreements with the members of the TATA family were the prime reason behind his ouster. Mistry later challenged his removal, accusing the board members of oppressing the minority shareholders of the group. After a series of legal battles, the Supreme Court finally upheld Mr Cyrus’s dismissal from the post in 2021.
Former TATA Sons Chairperson Mr Cyrus Mistry died in a road accident on 4 September 2022 while traveling with three others to Mumbai from Ahmedabad when his Mercedes car hit the divider at a bridge over the Surya River in Palghar.Mr Mistry was born on 4 July 1968 to a wealthy business family of diversified conglomerate Shapoorji Pallonji Group. Mr Cyrus was the youngest son of Mr Palloji Mistry. Upon the completion of his schooling at the Cathedral and John Connon School in Mumbai, he left for London from where he acquired his engineering and management degree only to return to India and join the legacy of the prestigious family business. In 1992 Mr Mistry married Ms Rohiqa Chagla, daughter of prominent lawyer Mr Iqbal Chagla.In 1991 he entered the family business, becoming director of its flagship construction company, Shapoorji Pallonji. During Mr Mistry’s two decades reign as the boss of the company, Shapoorji Pallonji made an enormous growth and expansion not just in India but in the regions like Africa and the Middle East as well.In 2006, he replaced his father Mr Pallonji Mistry on the board of the TATA Group and in November 2011 he was elevated to the post of deputy chairperson of the reputed TATA group, with an explicit goal of taking over as the chairperson after Mr Ratan Tata who was set to retire from his post which he held since 1991. Upon his elevation as the deputy chairperson of the TATA Group, he resigned from Shapoorji Pallonji. In 2012 he officially succeeded Mr Ratan Tata as chairman of the Tata Group. Mr Mistry’s tenure as chairman lasted until October 2016, when he was abruptly dismissed. Several Media reports indicated that the disagreements with the members of the TATA family were the prime reason behind his ouster. Mistry later challenged his removal, accusing the board members of oppressing the minority shareholders of the group. After a series of legal battles, the Supreme Court finally upheld Mr Cyrus’s dismissal from the post in 2021.
