Cyrus Mistry News: Former Tata Group chairman Cyrus Mistry has died in a road accident. The accident happened in Palghar, adjacent to Mumbai, on the Ahmedabad highway. According to preliminary information, 54-year-old Mistry's Mercedes car collided with a road divider near Casa. The Mercedes airbags also opened after the collision, but two people, including Mistry, died. There were a total of four people in the car.
 

Police have released the details of the people in the Mercedes car. According to this, along with Cyrus Mistry, Jahangir Dinsha Pandole has also lost his life in the accident. At the same time, Anayata Pandole (Female) and Darius Pandole have been injured. Anayata Pandole is a doctor in Mumbai and she was driving the Mercedes car that was involved in the accident. Maharashtra Deputy CM Devendra Fadnavis has ordered an inquiry into the accident.

Who was the former Tata Group chairman Cyrus Mistry?

Studied Engineering and Management from London
Cyrus Pallonji Mistry was born on 4 July 1968. He was the younger son of Pallonji Mistry, the head of Shapoorji Pallonji Group. Cyrus did her early schooling from the Cathedral and John Connon School in Mumbai. After this he went to London to study civil engineering. He also had a Master's degree in Management from the London Business School.
 

Cyrus joined his family business in 1991. He was appointed as the Director of Shapoorji Pallonji Group in 1994. Under his leadership the company built India's tallest residential tower, longest railway bridge and largest port. Pallonji Group's business spans from clothing to real estate, hospitality and business automation.

Cyrus Mistry was the sixth group chairman of the Tata Group
In December 2012, Ratan Tata took retirement as the chairman of Tata Sons. After that Cyrus Mistry was made the chairman of Tata Sons. Cyrus Mistry was the sixth group chairman in Tata's more than 150-year history. He was also the youngest chairman of Tata Sons.
 

Mistry family holds 18% stake in Tata Sons
Cyrus' father Pallonji Mistry retired from the Tata Group's board in 2006, after which Cyrus Mistry took his place. Pallonji Mistry was the largest shareholder of the Tata Group. The Mistry family still holds an 18.4% stake in Tata Sons. He is the second largest shareholder in Tata Sons after Tata Trusts.
 

Was removed from office on 24 October 2016
However, within four years, on 24 October 2016, Tata Sons removed him from the post of chairman. Ratan Tata was made the interim chairman in his place. After this, on 12 January 2017, N Chandrasekaran was made the chairman of Tata Sons. Regarding this controversy, Tata Sons had said that Mistry's way of working was not matching with the way Tata Sons worked. Because of this, the board members had lost faith in Mistry.
 

Father died in June this year
On June 28 this year, Cyrus' father and business tycoon Pallonji Mistry (93) died. After the death of Cyrus and his father, his family is survived by his mother Patsy Perrin Dubas, Shapoor Mistry, besides two sisters Laila Mistry and Alu Mistry.

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