NEW DELHI: Former chairman of Tata group, Cyrus Mistry was killed in a road accident in Palghar near Mumbai on Sunday. Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car.
“The accident took place around 3.15 pm, when Mistry was travelling to Mumbai from Ahmedabad. The accident took place on a bridge over the Surya river. It seems an accident,” the police official said.
The other two persons travelling with him, including the car driver, were injured. All the injured persons have been shifted to a hospital in Gujarat.
He is survived by his wife and two children.
Cyrus Pallonji Mistry came to the prominence when he was chosen to lead one of India’s most prominent business conglomerates Tata Sons after Ratan Tata stepped down in 2012. He was made chairman on the basis of his representation from Shapoorji Palonji Group, the largest shareholder in Tata Sons.
He joined the Board of Tata Sons in 2006 after his father Pallonji Mistry, a construction tycoon and chairman of Shapoorji Pallonji Group, retired.
On October 24, 2016, the board of Tata Sons (the group’s holding company) voted to remove Mistry from the post of chairman. Natarajan Chandrasekaran was named the new chairman shortly after.
“The accident took place around 3.15 pm, when Mistry was travelling to Mumbai from Ahmedabad. The accident took place on a bridge over the Surya river. It seems an accident,” the police official said.
The other two persons travelling with him, including the car driver, were injured. All the injured persons have been shifted to a hospital in Gujarat.
He is survived by his wife and two children.
Cyrus Pallonji Mistry came to the prominence when he was chosen to lead one of India’s most prominent business conglomerates Tata Sons after Ratan Tata stepped down in 2012. He was made chairman on the basis of his representation from Shapoorji Palonji Group, the largest shareholder in Tata Sons.
He joined the Board of Tata Sons in 2006 after his father Pallonji Mistry, a construction tycoon and chairman of Shapoorji Pallonji Group, retired.
On October 24, 2016, the board of Tata Sons (the group’s holding company) voted to remove Mistry from the post of chairman. Natarajan Chandrasekaran was named the new chairman shortly after.