Cyrus Mistry died in a road accident on Sunday afternoon (4th Sept, 2022) in Palgarh after his Mercedes had a collision with a divider. He was on his way to Mumbai from Ahmedabad when the accident happened. Read all about the business tycoon’s career and achievements only on Money Niyantran. Don’t forget to follow us for latest news highlights.
Cyrus Mistry died: For how many years was he a part of the Tata family?
Cyrus Mistry died in a tragic incident yesterday. He was the younger son of Pallonji Mistry, the construction magnate and Indian billionaire. He was the managing director of Shapoorji Pallonji Group before joining Tata. In the September of 2012, Cyrus Mistry became a member of Tata Sons, after the retirement of his father. His achievement is extra-ordinary as he was the first non-Tata person to lead the magnificent empire of Ratan Tata. He was also the company’s youngest chairman, joining at the age of 44. He remained in his position for a period of four years and was removed in 2016 in a boardroom coup conducted by Tata Trusts.
Cyrus Mistry court case against Tata Sons
Sterling Investments Corporations Pvt Ltd and Cyrus Investments Pvt Ltd, two investments firms backed by the Mistry family, filed a complaint with NCLAT (National Company Law Appellate Tribunal) alleging Tata Sons of mismanagement in December of 2016. In the legal battle that followed, the Supreme Court of India gave the verdict in favor of Tata Sons, stating that Cyrus Mistry’s removal from the company was legal. After leaving Tata, Mistry established his own capital firm and named it Mistry Ventures LLP.
Cyrus Mistry died: People remember him as polite amiable
Cyrus Mistry died at 54 in an unfortunate road accident on 4th Sept, 2022. People who knew him personally or professionally describe him as soft-spoken and friendly. Nirmalya Kumar paid his tribute to the departed soul in a Tweet: “You gave me an opportunity no one else would have and mentored me with patience. (You) let me argue in front of others which no other promoter would have tolerated.”
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