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20220925 121754

Cyrus Mistry dies in accident: 5 facts about the ex-chairman of Tata Boys

thehourlynews 4 weeks ago 0
20220925 121754


Cyrus Mistry dies in an accident: 5 facts about the ex-chairman of Tata Boys

Cyrus Mistry was the sixth president of Tata Sons and took over the position in 2012 after Ratan Tata.

New Delhi:
Former Tata Sons chief Cyrus Mistry was killed on Sunday in a road accident after his Mercedes hit a barrier in Balghar district of Maharashtra neighboring Mumbai, PTI news agency reported, citing a police official.

Here are 5 facts about Cyrus Mistry:

  1. Cyrus Mistry was the youngest son of the late Pallonji Mistry – owner of the Shapoorji Pallonji Group and the largest shareholder of the Tata Group.

  2. Mr. Mistry replaced Ratan Tata as CEO after stepping down at the age of 75 in 2012. Mr. Mistry joined the Tata Group in 2006 as Director, and held non-executive positions on the boards of several other Tata companies earlier. Mr Mistry, the second person outside the Tata family to head the group in the past 142 years of its existence, can only hold his position for four years.

  3. In October 2016, Mr Mistry was removed from the position of Chairman of the Board of Directors of Tata Sons in the dramatic ouster. Months later – in December 2016 – two Mistry-backed investment firms – Cyrus Investments Pvt Ltd and Sterling Investments Corporation Pvt Ltd – moved the National Corporations Act Appeals Tribunal (NCLAT), alleging mismanagement by Tata Sons. In February 2017, Mr Mistry was removed from the position of Director on the Board of Directors of Tata Sons, the holding company of the Tata Group companies.

  4. Mr. Mistry was the Managing Director of construction giant Shapoorji Pallonji prior to his appointment as the appointed Chairman of the Tata Sons. He joined Shapoorji Pallonji Group in 1991 as a director.

  5. Born on July 4, 1968, Mr. Mistry completed his graduation in Civil Engineering from the Imperial College of Science, Technology and Medicine, London. He also holds a Master’s degree in Management from London Business School.

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