Cyrus Mistry, former Tata Sons Chairman, dies in road accident
The former head of India's biggest conglomerate – Cyrus Mistry – died in a road accident near Mumbai today
Mistry's car hit a divider in Maharashtra's Palghar district neighbouring Mumbai
Former chairman of Tata Sons Cyrus Mistry has died in a road accident while en route from Ahmedabad to Mumbai. Mistry's car hit a divider in Maharashtra's Palghar district neighbouring Mumbai.
- PM Modi extends condolences to family and friends of Cyrus Mistry
The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace.
- Cyrus Mistry, the outsider who became part of Tata empire: A five-man selection team, which included the 43-year-old Mistry himself, spent 15 months searching for a successor to 73-year-old Tata, in a closely guarded process that had India Inc guessing. Read full report
- A total of four people were travelling in the vehicle. Two, including Cyrus Mistry, died, said police.
- Maha CM Eknath Shinde pays heartfelt tribute to Cyrus Mistry's death
Maharashtra Chief Minister Eknath Shinde says "shocked to hear about the passing away of former Tata Sons chief Cyrus Mistry. He was not only a successful entrepreneur but also was seen in the industry as a young, bright and visionary personality. It's a great loss... My heartfelt tribute."
- The driver reportedly lost control of the vehicle and the car rammed into a divider near a river bridge.
- He was travelling from Ahmedabad to Mumbai.
- All you need to know about Cyrus Mistry
Cyrus became the Tata Sons chairman in 2012, succeeding Ratan Tata. But he was removed four years later in a boardroom coup led by Tata Trusts, which owned 66% of Tata Sons and was controlled by Ratan Tata.
The dispute snowballed with allegations of mismanagement and suppression of minority shareholder rights. The 2021 court ruling in Tata’s favour left burnt bridges between the two families, which had been partners for 70 years.
After his Tata stint, Cyrus went on to set up a venture capital firm, Mistry Ventures LLP.
Milestone Alert!Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.