How did Cyrus Mistry die? Road accident in Palghar & Cause of death Explained.

Cyrus Mistry, the former head of Tata Sons, was killed in a car crash on Sunday in the Palghar region of Maharashtra, which is close to Mumbai. A police spokesman confirmed this. Mistry, according to him, was driving a Mercedes from Ahmedabad to Mumbai.

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How did Former Tata Group chairman Cyrus Mistry die?

Mistry was driving a Mercedes from Ahmedabad to Mumbai. The mishap happened about 3:15 PM. The Surya river bridge was the site of the disaster. Police said it appears to have been an accident.

He was travelling with two other people, including the car’s driver, who also sustained injuries. The injured people have all been transported to a Gujarati hospital. The Kasa Rural Hospital will do a postmortem on Mistry’s body.

Cyrus Mistry cause of death & Road accident in Palghar

Cyrus Mistry died due to excessive injuries in the accident. The description of his injuries hasn’t been made public as of yet. Daily info express have made an effort to get in touch with the family and close friends to ask them about the injuries.

There have been no answers as of yet. Once we get enough data, we’ll update this page. We’ll soon publish more details.

Tribute to Former Tata Sons head Cyrus Mistry

As soon as word of Mistry’s passing spread, tributes began to flood in, with political figures and businessmen expressing horror at the accident.

Eknath Shinde, the chief minister of Maharashtra, expressed his shock at learning of Cyrus Mistry’s passing. Along with being a prosperous businessman, he was also regarded in the sector as a person of youth, brilliance, and vision. It’s a terrible loss. My sincere thanks.

Smriti Irani, a minister for the Union, referred to Mistry as a kind man on a mission. “Cyrus was the very definition of kindness, in my opinion. It shocks me to learn of his passing. My sympathies to his family and close friends.

Vir Sanghvi, a well-known journalist, remarked “Enjoy your peace. Because life is so delicate and erratic, you never know what will happen tomorrow. My sympathies go out to his family. It’s pretty upsetting news.”

About Cyrus Mistry

Irish businessman Cyrus Pallonji Mistry was born in India and died in Ireland on September 4, 2022. From 2012 until 2016, he served as the chairman of the Indian commercial behemoth Tata Group. He was the group’s sixth chairman and the second (after Nowroji Saklatwala) to not have a Tata last name.

He was chosen by a team of judges to lead the Tata Group in the middle of 2012, and he assumed control in December of that same year. After giving Mistry the chance to leave willingly, the board of Tata Sons, the holding company for the Tata Group, decided to do so in October 2016.

Cyrus Mistry stakeholdings

Through Cyrus Investments Pvt. Ltd., his company, he held an 18.4% stake in Tata Sons. [10] His net worth was about $10 billion in 2018. [11] In the National Integration Council, he participated.

Cyrus Mistry education

He attended South Mumbai’s famous Cathedral & John Connon School for his education. He received a Bachelor of Engineering in civil engineering from the University of London in 1990 after completing his studies at Imperial College London.

Later, he attended the London Business School, and in 1996, the University of London awarded him an international executive master’s degree in management.

Cyrus Mistry career in Tata sons

A year after his father departed from the board of Tata Sons, Mistry joined it on September 1 of that year. [1] From 24 September 1990 until 26 October 2009, he served as a director of Tata Elxsi Limited. From 18 September 2006 to the present, he served as a director of Tata Power Co.

Mistry was named Tata Sons’ chairman in 2013. He also served as chairman of every significant Tata organisation, including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Teleservices, Indian Hotels, Tata Global Beverages, and Tata Chemicals. On October 24, 2016, the Tata Sons Board decided to remove Mistry as chairman of Tata Sons.

Cyrus Mistry’s career NCLT verdict

Two months after Mistry was removed as chairman in a vote of no-confidence in 2016, the National Company Law Tribunal (NCLT), which “adjudicates problems relating to Indian companies,” rendered a decision in Tata Sons’ favour. Mistry had accused Tata Sons of mismanagement.

Mistry announced on July 10 that he would appeal the ruling. Tata Sons appealed the NCLAT ruling to the Supreme Court in January 2020. Cyrus Mistry declared that he would not take over as chairman of the group again, but expressed interest in keeping his place on the board of directors.

On January 10, 2020, Tata Sons’ appeal was heard by a three-judge panel consisting of Chief Justice SA Bobde, Justices BR Gavai and Surya Kant, who overturned the NCLAT judgement.

We identify gaps in the court orders issued by the NCLAT, the bench declared. The Supreme Court further mandated that Tata Sons refrain from using the authority granted to it by Article 25 of the Firm Law to remove minority shareholders’ shares from the company.

Cyrus Mistry’s Personal life

Rohiqa Chagla, the granddaughter of lawyer M.C. Chagla and daughter of attorney Iqbal Chagla, was Mistry’s wife. Iqbal Chagla has planned Cyrus Mistry’s course of action in the legal dispute with Tata Sons.

Firoz and Zahan Mistry, the couple’s two sons, were born. Mistry was an Indian permanent resident who was also an Irish citizen (having acquired Overseas Citizenship of India). According to a news article in The Independent, an Irish newspaper, Mistry sees himself as a citizen of the world.

On September 4, 2022, he was killed in an automobile accident while travelling from Ahmedabad to Mumbai when his car collided with a divider.