Cyrus Mistry dies at 54: 5 issues to find out about former Tata Sons chairman

The Maharashtra police legit on Sunday stated that the previous Tata Sons chairman Cyrus Mistry was once killed in a highway coincidence after his automotive hit a divider in Maharashtra’s Palghar district neighbouring Mumbai. In line with the police legit, Cyrus Mistry was once travelling from Ahmedabad to Mumbai in a Mercedes automotive. “The coincidence happened round 3.15 pm, when Mistry was once travelling to Mumbai from Ahmedabad. The coincidence happened on a bridge over the Surya river. It sort of feels an coincidence,” the police legit stated. The police legit additional knowledgeable that the opposite two individuals travelling with him, together with the automobile driving force, have been injured and all of the injured individuals had been shifted to a health center in Gujarat, in step with information company PTI document.

Listed below are 5 info to find out about Cyrus Mistry:

  • Cyrus Mistry was once introduced the 6th chairman of Tata Sons after a five-man variety group spent 15 months on the lookout for a successor to Ratan Tata. He had taken over because the chairman in December 2012 after Ratan Tata introduced his retirement.
  • Particularly, Mistry’s grandfather first purchased stocks in Tata Sons within the Thirties, a stake that recently stands at 18.5 % within the palms of Mistry’s father, Pallonji Mistry, the biggest unmarried shareholder in a company most commonly managed by way of trusts, in step with Reuters document.
  • Now not utterly an interloper, Cyrus Mistry was once the brother-in-law to Noel Tata, Ratan Tata’s half-brother. Mistry’s father, a reclusive billionaire with an estimated wealth of $7.6 billion in step with Forbes, lead the way for his more youthful son’s ascendancy to the highest of a gaggle based by way of Ratan Tata’s great-grandfather, the Reuters document stated.
  • Cyrus Mistry was once ousted from the placement of the Chairman of Tata Sons in October 2016, following this, N Chandrasekaran took over as Govt Chairman of Tata Sons.
  • It’s price noting that the Perfect Courtroom in Would possibly this 12 months had pushed aside the overview petition by way of Cyrus Mistry within the Tata as opposed to Mistry prison case and the Perfect Courtroom pushed aside SP team’s plea in search of overview of 2021 verdict upholding elimination of Cyrus Mistry as head of Tata Sons.

(With inputs from ANI, Reuters)

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