The former chairperson of Tata group and businessman, Cyrus Mistry, died in a car accident. The Mercedes car he was travelling hit the divider in Mahrashtra’s Palghar.
“The accident happened at 03:15 pm, Cyrus Mistry was going to Mumbai from Ahmedabad, on a bridge over the Surya river. It appears to be an accident,” Palghar from district superintendent of police Balasaheb Patil said.
Mistry was traveling in a silver Mercedes car which was discovered at the mishap area close to the Charoti site of Palghar, 135 km away from Mumbai.
The car hit the divider, according to the superintendent.
Two other people who were also traveling with him were injured.
All the wounded persons have been moved to a hospital in Gujarat.
Mistry is endured by two children and wife apart from two sisters: Laila and Aloo.
Aloo married to Noel Tata, brother of Ratan Tata.
Cyrus bore the authority of Shapoorji Pallonji Group‘s construction and infrastructure businesses in 1994 at the age of 26.
He is credited with having grown the business within India, Africa, and West Asia.
He graduated from Imperial London in civil engineering and MSc from the London Business School in management.
Mistry thrived Ratan Tata as chairman of the Tata Sons.
He was dismissed in one of India’s most high-profile boardroom coups.
Last month, shareholders of Tata Sons agreed on a decisiveness to have distinct chairpersons for the company and its largest shareholder, Tata Trusts.
The son of Pallonji Mistry, Cyrus Mistry was the single largest shareholder of Tata Sons, with stake of over 18 percent.
Condolence at the death of Cyrus Mistry
Prime Minister Narendra Modi sympathized with the death of Cyrus Mistry.
“The death of Cyrus Mistry is shocking. He was a man of words and a business leader who trusted India’s financial prowess. The death of Cyrus Mistry is a great loss to the world of business and industry. May his soul rest in peace,” P.M. Modi tweeted.
Maharashtra Home Minister and Deputy Chief Minister Devendra Fadnavis have requested the police to execute a detailed inquiry of the accident that caused the death of Cyrus Mistry, reported by PTI.
Rahul Gandhi former Congress president also condoled the death of the ex-chairman of Tata Sons.
“Pained by the sad news of the death of ex-chairman of Tata Sons, Mistry. He was the brightest business minds in the country and attained a notable grant to India’s growth story. Condolences to family, friends, and admirers of the Cyrus Mistry,” Gandhi Twitted.
Chief Minister Eknath Shinde called the demise of the 54-year-old industrialist “shocking”.
“Shaken by the demise of Cyrus. Not only a successful entrepreneur but also he was a young, and visionary figure in the world of business,” a tweet from CMO Maharashtra’s office read.
MP of Nationalist Congress Party Supriya Sule stated, that she was overwhelmed by the news.
“Ex-Chairman of Tata Group and my brother Cyrus died in an accident. We had a close relationship with Mistry and his family. Due to this sad happening, I am delaying all my events. The new plan will be shared shortly,” Sule wrote in the tweet.
Further, the parliamentarian also stated that the loss is intimate for her and her husband Sadanand Sule.
“His death is unexpected for me. I have witnessed his peak as the Tata Sons chairperson as well as the following turbulence. He and his wife had gone through a lot of efforts in the last four years. It’s still unbelievable…How many moments do we have to speak about highway protection and safety…. Once I visited the Taj Hotel, a part of Tata Group, with him and my husband, and surprisingly, the attendant did not identify Cyrus,” Sule said, as quoted by PTI.