Cyrus mistry

Mistry was born in Mumbai (then Bombay) in 1968 to billionaire Pallonji Mistry and Patsy Perin Dubash, an Irish citizen by birth. In 2003, Pallonji Mistry gave up his Indian citizenship to become an Irish citizen along with the children. Business was in After doing his early education in Mumbai, Cyrus moved to London for his engineering, and subsequently, his business education. Mistry joined the family construction company, 'Shapoorji Pallonji and Co', as its director in 1991. After over a decade of running the family company, Mistry joined the board of Tata Sons. He performed multiple roles across various companies of Tata, including Tata Power, Tata Elxsi, Tata Motors, and Tata Consultancy, among others. This eventually led to the start of what would be a six-year-long legal battle between the two families, ending with the Supreme Court dismissing the plea challenging its previous decision of allowing the removal of Mistry from the post of chairman, in May this year. Tata Trust owns 66 percent of Tata Sons, while the remainder is owned by the Tata Group and smaller shareholders. The investment companies of the Mistry family are Cyrus Investments and Sterling Investments, which make up an 18.4 percent stake in Tata Sons. In 2016, the Mistry family moved the Mumbai Bench of the National Company Law Tribunal (NCLT), accusing Tata Trusts and Ratan Tata of the oppression and mismanagement of Tata Sons. But the NCLT ruled against Mistry and dismissed the petitions filed again...

• In his four year tenure as a chairman, Cyrus Mistry was known to maintain a very low profile. • Cyrus Mistry’s father Pallonji Mistry who passed away th • In 2016, Cyrus Mistry was unceremoniously removed as the chairman without giving reasons and he was no more low profile. • Mistry called his removal from chairmanship ‘unique in history’. During his four-year tenure as the chairman of Tata Sons, Cyrus Mistry had earned a nickname –‘the most low profile man with the most high profile job’. After all he came from a family, which is known to zealously protect its privacy. His father Pallonji Mistry who passed away th If the course ran smooth, Cyrus too would have remained so but in 2016, he was unceremoniously removed as the chairman without giving reasons and he was no more low profile. In a bitter boardroom coup, Mistry was asked to step down and when he refused, he was unceremoniously removed by the board of directors. Subsequently he was forced to step down from boards of other Tata companies too. His removal led to one of the ugliest battles that corporate India had ever seen. ‘Unique in history’ Mistry called his removal from chairmanship ‘unique in history’. In addition to questioning many business decisions saying that five companies of Tata group had writedowns that accounted to $18 billion; he also questioned the deal with Air Asia which is known to have made fraudulent transactions. “We managed to raise awareness among stakeholders of the challenges in governan...

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. He was 54. The car Mistry was in hit a divider on a bridge in Palghar at about 2:30 p.m. Sunday, local police confirmed. Mistry and another passenger were killed, while two others injured have been shifted to hospital, assistant police inspector Balasaheb Yamgar said by phone.

In Short • Mercedes and the Regional Transport Office (RTO) submitted their primary report on Cyrus Mistry's accident. • Mercedes said the car was going at 100 kilometres per hour, five seconds before the accident. • The RTO said only four airbags in the front seats were deployed after the accident. By Divyesh Singh: Luxury carmaker Mercedes on Thursday submitted their probe report to the Palghar Police on the road accident that killed the former Tata Sons chairman Cyrus Mistry. The company said the vehicle was going at 100 kilometres per hour (kmph) five seconds before the accident. The Regional Transport Office (RTO) also submitted their primary report to the police. Cyrus Mistry was inside a Mercedes-Benz car with three other people when the driver, Anahita Pandole, lost control of the vehicle and rammed it into a road divider. Cyrus Mistry and Jahangir Pandole, who died in the accident, were in the rear seats when the incident took place. Meanwhile, Anahita Pandole, who was driving the car, and Darius Pandole, who was sitting in the passenger seat, suffered injuries in the crash and were taken to a private hospital for further treatment. ALSO READ | WHAT DID MERCEDES SAY IN THE REPORT? In its report, Mercedes-Benz said that five seconds before the accident happened, the speed of the vehicle was 100 kilometres per hour (kmph). The speed came down to 89 kmph after Anahita applied the brakes and the collision took place, said the company. To gather further information, th...

Cyrus Mistry, in full Cyrus Pallonji Mistry, (born July 4, 1968—died September 4, 2022, Palghar, Maharashtra state, India), Indian businessman, scion of a wealthy business family in Cyrus Mistry was the younger son of Pallonji Mistry, head of the Shapoorji Pallonji Group, a diversified conglomerate that had begun with a construction company started by Pallonji Mistry’s grandfather in the 19th century. The Mistrys were members of Mumbai’s During Cyrus Mistry’s two decades at the Cyrus Mistry was hailed in much of the Indian news media as the first non-Indian and only the second non-Tata to lead the Tata Group, but in fact he was thoroughly immersed in Mumbai society and was closely connected by marriage to the Tatas. He held an Irish passport on account of his mother, an Irish citizen of Indian extraction whose brother was an Indian shipping magnate and whose sister was married to a cousin of Pallonji Mistry. One of Cyrus Mistry’s sisters married Noel Tata, Ratan Tata’s half brother and a prominent executive in the Tata Group. In 1992 Cyrus Mistry married a daughter of Iqbal Chagla, one of Cyrus Mistry resigned from Shapoorji Pallonji & Co. upon being made deputy chairman of the Tata Group. Soon after, his father passed control of the entire Shapoorji Pallonji Group to Shapoor Mistry. Cyrus Mistry’s appointment came after a period of great expansion for the Tata Group, which Corus Group, a major European steel producer. His responsibilities included streamlining the group’s...

Highlights • Cyrus Mistry and Jahangir Dinsha Pandol were brought dead to the hospital following the accident • The other two patients were given first aid treatment and were shifted to a higher centre • More details will be revealed after police inquiry and postmortem Cyrus Mistry received a head injury when his car rammed into the divider, revealed the doctor who attended the former Tata Sons chairman after he was brought dead to the hospital. Mistry was killed in a road accident near Mumbai on Sunday. According to Palghar police, Mistry was travelling from Ahmedabad to Mumbai when his car hit the divider. Four persons were travelling in the car, two of whom died on the spot including Mistry, while the other two were shifted to the hospital. "At first, two patients were brought which included Cyrus Mistry and Jahangir Dinsha Pandol. Both of them were brought dead. The locals who brought them told us that Cyrus Mistry had died on the spot. Jahangir Dinsha Pandol was alive on the spot, however, he died during the transit. We declared him dead around 5 pm," said Dr Shubham Singh. "After 10 minutes, the second ambulance came carrying the other two patients. Both had injuries. Both of them were given first aid treatment and were shifted to a higher centre. Their relatives shifted them to Rainbow hospital, from where they were airlifted to Mumbai," he added. The doctor informed that the postmortem had to be done in the government hospital, however, they received a call from th...

Mumbai: Gynaecologist Dr Anahita Pandole, who was arrested forrash driving that resulted in the death of industrialist Cyrus Mistry, has a history of traffic rules violation and was issued challans for over-speeding on several occasions since 2020, a police official said on Thursday. The police in Palghar district of Maharashtra, who are investigating the Mistry car accident case, have found this during their investigation. Former Tata Sons chairman Cyrus Mistry, who was 54, and his friend Jehangir Pandole were killed after the Mercedes-Benz car hit the railing of the Surya river bridge in Palghar district on September 4 this year. Dr Anahita, who was at the wheel, and her husband Darius suffered serious injuries in the accident. All of them were returning to Mumbai from Ahmedabad. The police official said that during the probe, it was found that the car was involved in violation of various traffic-related norms in the past. "There were at least seven instances in which Dr Anahita was found behind the wheel and over-speeding, which was captured on speed cameras," Palghar Superintendent of Police Balasaheb Patil said. These instances were from 2020 till the day of the accident in September 2022, he said, adding the e-challans against her will now be made part of the charge-sheet, he said. "Those challans were issued for over-speeding involving the same car that was involved in the Palghar accident," he said. The car was registered in the name of J M Financials and was used ...