Cyrus Mistry

Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, ...

Mistry's grandfather first bought shares in Tata Sons in the 1930s. He was the brother-in-law of Noel Tata, half-brother of Mistry's predecessor as chair Ratan Tata. Patil, the top police official in Palghar district, said. The accident took place in Palghar, located about 100 kilometres (62 miles) north of Mumbai, on Sunday afternoon. Register now for FREE unlimited access to Reuters.com Tata Consultancy Services, in which Tata Sons owns a majority stake, said it was mourning the untimely demise of its former chairman, adding that the company was offering its "deepest condolences and prayers" to his family and friends.

Cyrus Mistry, an Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons, has died in an accident after his car crashed in ...

In 2018, his net worth was approximately $10 billion. Mistry owned an 18.4% stake in Tata Sons through his company, Cyrus Investments Pvt. “If life had other plans for him, so be it, but life itself should not have been snatched away from him.”

His passing is the latest blow for the Mistry family after a feud with the Tata clan.

Pallonji Mistry had accumulated a net worth of almost $29 billion at the time of his death, according to the Bloomberg Billionaires Index, making him one of the richest men in India. His shock ouster in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India’s most storied corporate clans. Their Shapoorji Pallonji Group was founded in 1865 and built luxury hotels, stadiums, palaces and factories across Asia, including the tower wing of the iconic Taj Mahal hotel in Mumbai. The car Mistry was in hit a divider on a bridge in Palghar at about 2:30 p.m. But the Mistrys were most recently known for a feud with the Tata Group. The news is the latest blow for the Mistry family, whose patriarch Pallonji Mistry—Cyrus’s father—died in June at the age of 93.

Politicians and business leaders react with shock to 54-year-old's death on bridge in Maharashtra state.

Tata Consultancy Services (TCS), in which Tata Sons owns a majority stake, said it was mourning its former chairman’s untimely death. “He was a warm, friendly and congenial person who built a strong relationship with the TCS family during his time as the chairman of the company,” it said in a statement. He challenged the board’s decision, but India’s top court upheld his dismissal. If life had other plans for him, so be it, but life itself should not have been snatched away from him.” The car in which Mistry was travelling had rammed into a divider and he died at the scene, a senior Mumbai police official said. [Tata](https://www.theguardian.com/business/tata) Sons, the holding company of the $300bn salt-to-software Tata conglomerate, for five years until he was removed by the board in October 2016.

The death of Cyrus Mistry is a big loss for the business world, the Indian prime minister says.

In a tweet, Mr Modi called Mr Mistry a "promising business leader who believed in India's economic prowess". The vehicle is said to have hit a divider in the road, while crossing a bridge over a river, and Mr Mistry subsequently died at the crash scene. Mr Mistry and his companions were travelling in a Mercedes car through the Palghar district of Maharashtra when the accident happened on Sunday afternoon, police said.

Mistry, 54, who died on Sunday, was sacked from Tata Sons, the holding company of the $300b conglomerate, in 2016.

Its landmark projects include the Reserve Bank of India and the Oberoi Hotel in Mumbai and the blue-and-gold Al Alam palace for the Sultan of Oman. Mistry’s grandfather first bought shares in Tata Sons in the 1930s. Mistry was the sixth chairman of the Tata group, a conglomerate started more than 150 years ago, and the second not named Tata.

The news is the latest blow for the Mistry family, whose patriarch Pallonji Mistry -- Cyrus's father -- died in June at the age of 93. Their Shapoorji Pallonji ...

The car Mistry was in hit a divider on a bridge in Palghar at about 2:30 p.m. Sunday, local police confirmed. Cyrus Mistry, scion of one of India’s most illustrious business families and who also formerly headed the nation’s biggest business group, died in a road accident near Mumbai.

Cyrus Mistry, the Indian scion of one of the country's most prominent empires, died in a road accident on a highway near Mumbai on Sunday, according to ...

"One of the finest gentlemen I have known, he was one of the best business minds of his generation. He was called away too soon," he My deepest condolences and prayers for his family in these difficult times." [head of ](https://edition.cnn.com/2011/11/24/business/india-tata-mistry-profile/index.html) [replaced](https://money.cnn.com/2016/10/24/investing/tata-group-cyrus-mistry-ouster/index.html) [announced as](https://edition.cnn.com/2011/11/24/business/india-tata-mistry-profile/index.html)

Car that Mistry was in hit a divider on a bridge in Palghar at about 2.30pm Sunday, local police confirmed.

His shock ouster in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India’s most storied corporate clans. But the Mistrys were most recently known for a feud with the Tata Group. Mistry and another passenger were killed, while two others injured have been shifted to hospital, assistant police inspector Balasaheb Yamgar said by phone.

An Indian-born Irish businessman who once led India's biggest conglomerate but was unceremoniously removed from his job died in a car accident in the ...

Mr. Mistry and Mr. The reasons for Mr. [said in a statement](https://www.hindustantimes.com/india-news/tata-sons-chairman-chandrasekaran-pays-tribute-to-mistry-had-passion-for-life-101662296251796.html) that he was mourning Mr. “He had a passion for life, and it is really tragic that he passed away at such a young age,” Mr. Cyrus Mistry’s death in a car accident less than three months later adds to a grisly toll on Indian roads. His family’s business, Shapoorji Pallonji Group, built luxury hotels and factories across Asia and went on to found large financial companies. Prime Minister Narendra Modi called Mr. He was removed as chairman by the board of directors in 2016 and replaced by the previous chairman, Ratan Tata. “His passing away is a big loss to the world of commerce and industry.” The businessman, Cyrus Mistry, was traveling with three others when their Mercedes-Benz hit the railing of a bridge on a busy highway about 60 miles north of Mumbai, the capital of Maharashtra. He was 54.