Former chairman of Tata sons Cyrus Mistry, passed away in a road accident near Mumbai at the age of 54.

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Former chairman of Tata sons Cyrus Mistry got in a car crash when returning to Mumbai from Ahemdabad in his Mercedes.The accident took place around 3:15pm, the car was traveling on the bridge over the Surya river. When the car crashed on a divider.

According to the police at the time of the accident there were 4 people inside the car and two of whom died. Cyrus Mistry, former chairman of Tata sons, was one of the travelers who passed away. Dr Pandole and Darius Pundole who were injured during the accident are currently undergoing treatment at a hospital in gujrat. They are now reported to be out of danger. It is believed Dr Pandole was the one driving when the accident happened on the bridge over the the Surya river in Palghar.

When the news of the death of Cyrus Mistry became known to the public the tributes from the industrial sphere, and the political sphere started coming in. A Lot of political leaders and industrialists have expressed their shock over the crash.

Prime minister Modi in a tweet said that the demise of Cyrus Mistry was ultimately shocking. He was a business leader full of promise, and someone who believed in India’s economic prowess. Passing away of Former Tata sons chairman Cyrus Mistry is a big loss for the commerce world and industry. He also paid his condolences to his family and friends. May his soul rest in peace.

Maharashtra chief minister Eknath Shinde said that he was shocked when he heard that Former Chairman of Tata sons Cyrus Mistry passed away. He was not just a successful entrepreneur but he was a visionary and bright, he was seen as a young man in the industry.

Union minister Smriti Irani described Cyrus Mistry as a man with a mission and a gentle soul. She also said that Cyrus as she has always known is the embodiment of kindness. She also paid her condolences to the family and loved ones of Cyrus Mistry.

Noted journalist Vir Sanghvi said, “Rest in peace”. And life is very unpredictable and very fragile, you never know what tomorrow will bring. He also paid his condolences to his family. The news is saddening.

Former chairman of Tata sons Cyrus Mistry, passed away in a car crash, things you need to know about Cyrus Mistry.

  • Cyrus Mistry was the largest shareholder of Tata sons with him owning over 18.5% of the shares.
  • Cyrus Mistry was half Irish on his mother’s side and was born in Mumbai on July 4, 1968.
  • Cyrus Mistry was the youngest and sixth chairman of Tata sons, he took over from Sir Ratan Tata in 2012.
  • Cyrus Mistry was voted to be removed from the position of chairman of Tata sons by the board in October 2016, and a legal battle ensued.
  • Cyrus Mistry had an Msc in management that he got from the London business school in 1997. Prior to the Msc he also graduated as a civil engineer from the Imperial College, London 1990.
  • Mistry was very frequently described as very soft spoken, down to earth, and candid just like Sir Ratan Tata.
  • Cyrus Mistry was really fond of cars, he specifically loved SUVs.
  • At the time of his death, he was the richest Irish person and the 143rd richest person in the world, with a net worth of 29 billion US dollars.
  • Cyrus Mistry also handled the SPG (Shapoorji Pallonji and Co.), For almost 2 decades, he was able to take SPG from just a traditional construction company to taking large engineering projects like power plants and factories.
  • Cyrus Mistry was born to a Parsi family in Mumbai (then Bombay), he was the younger son of Pallonji Mistry, a billionaire from the construction industry.

The body of Cyrus Mistry has been taken to the Kasa Rural Hospital for postmortem in Gujarat. He is still alive through his wife and two children.

But still, The loss of Former Tata sons chairman Cyrus Mistry is a big one, the loss of a truly extraordinary entrepreneur, and a man with a mission. Some might say the bigger loss is the loss of potential for something truly great in Indian commerce.

 

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