Cyrus Mistry Former Tata Sons Chairman Dies in Road Accident
Former Tata Sons chief Cyrus Mistry died in a road accident.
Mumbai:
Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near the financial capital Mumbai on Sunday.Cyrus Mistry, former Tata Sons Chairman, dies in road accident near Ārifwāla
Mistry was ousted as chairman of Tata Sons, the holding company of the $300 billion salt-to-software Tata Group, in a boardroom coup in 2016, sparking a long-running legal battle over Ultimately, the Supreme Court of India gave its judgment in Tata. Group favor.
The accident took place on Sunday afternoon in Palghar, about 100 km (62 miles) north of Mumbai. Palghar district senior police officer B Patil said Mistry was traveling from Gujarat to Mumbai along with three others.
A senior Mumbai police officer said that the car in which Mistry was traveling hit a divider and he died on the spot.
After receiving the news of Mistry’s death, several leading politicians and industrialists tweeted their condolences. Prime Minister Narendra Modi described Mistry’s death as untimely and shocking.Cyrus Mistry, former Tata Sons Chairman, dies in road accident near Pākpattan
“He was a brilliant business leader who believed in India’s economic potential. His demise is a great loss to the world of business and industry,” Modi tweeted. Mistry’s family and Tata Sons did not immediately respond to a request for comment.
Mistry was the sixth chairman of the Tata Group, a conglomerate started 150 years ago, and another not named Tata. He was the brother-in-law of Noel Tata, the half-brother of Mistry’s predecessor Ratan Tata.
Mistry’s grandfather first bought shares in Tata Sons in the 1930s. Shapoorji Pallonji (SP) Group, founded by Mistry’s father, currently holds around 18 per cent stake, making it the largest single shareholder in the mostly trust-controlled firm.
The decades-long relationship between the SP Group, one of the country’s largest construction firms, and the Tata Group was strained after his dismissal and the SP Group has since tried to “divest its interests” from Tata Sons. doing.
At the time of Mistry’s appointment, fund managers told Reuters that he was little known in business circles.
A graduate in civil engineering from Imperial College London and in management from London Business School, Mistry describes himself as an avid reader of business books and golfer, sharing his family’s love of horses.
SP Group did not immediately respond to Reuters’ requests for comment on Mistry’s death.Cyrus mistry car accident photos
Cyrus Mistry dies in road accident: When he had to resign as chairman of Tata Sons
The driver of the car, renowned Mumbai-based gynecologist Dr Anahita Pandol and her husband Darius Pandol, who were in the front passenger seat, sustained serious injuries in the accident. He was taken to a private hospital in Vapi, Gujarat, where he is in the ICU.
Dr. Anahita Pandol is sister-in-law of late Jahangir Pandol. Masti was behind him on the back seat of the Mercedes car and Jahangir Pandol was sitting next to him. Both the men died of internal injuries. A police official from Kasa, Palghar, said: “The two deceased sitting in the back were not wearing seat belts due to which their airbags did not deploy. When the vehicle hit, they were front and rear. Jammed between the back seats.Cyrus mistry accident pics
Pendol is a family friend of the Mastris. Darius Pandole is Managing Director and CEO, PE and Equity AIFs-JM Financial. He was previously on the board of Tata Global Beverages Limited (TGBL), and resigned after Mistry was removed from his post at the Tata Group. Court over illegal hoardings across Mumbai The three Pandols had gone to Udavada in Gujarat for a prayer ritual, and Mistry was with them. He was returning to Mumbai on Sunday. Police constable Yogesh Avtar took the badly injured Pandol couple to Rainbow Hospital in Vapi. Dr Tejas Shah of the hospital said: “Anahita Pandol and Darius Pandol were brought to our hospital in a very bad condition. Their oxygen saturation levels had dropped and so had their blood pressure. They had multiple fractures. And he is in shock. But his BP and O2 saturation are better now. We are told that a team of doctors is coming from Mumbai to see him.
Sources in Mumbai said Darius Pandol suffered a bilateral fracture in his jaw, resulting in obstruction of his airway. A maxillofacial surgeon removed the jaw, and his airway is now clear, and he is stable, a source said.
| Condolences to Cyrus Mistry
Mistry, son of Shapoorji Pallonji Group owner and Tata Group’s largest stakeholder Pallonji Mistry, was appointed as the sixth chairman of Tata Sons in 2012. He was the chairman of the Tata Group from 2012 to 2016, and was second in command. An outsider from the Tata family to head the group. It made several changes in business practices, which led to higher capital costs but lower returns to shareholders. A civil engineer educated at the prestigious Imperial College in Jolandan, Mistry participated in the family’s flagship construction business before joining Tata.
Mistry replaced Ratan Tata at the helm of the group, and his proposed sale of the Tata Steelport plant in the UK was seen as damaging Tata’s earned goodwill overseas. On October 24, 2016, Mistry was appointed by Tata SonsYearman was removed from his position, and he was also removed as a director of the holding company’s board on 6 February 2017. Mistry had challenged his dismissal from the Tata Group, but his plea was rejected by National. Company Law Tribunal. The decision was overturned by the National Company Law Appellate Tribunal in 2019, but in March 2021 the Supreme Court upheld his dismissal. In May 2022, the court rejected SP Group’s petition seeking a review of the 2021 decision.
The Tata Group and prominent political figures expressed shock and condoled the death of Mistry.
Tata Sons chairman N Chandrasekaran said in a statement: “I am deeply saddened by the sudden and untimely demise of Mr. Cyrus Mistry. He had a passion for life and it is truly sad that he passed away at such a young age. My deepest condolences and prayers to his family at this time.”
Cyrus Mistry, a tycoon who did not see eye to eye with Tata
Palghar Superintendent of Police Balasaheb Patil said that there were four people inside the car, two of whom died on the spot and two were shifted to hospital. “The panchnama of the investigation has been done,” he said, adding that he would be able to comment only after the post-mortem report.Cyrus mistry accident car photo
Palghar police have registered an accidental death report and investigation is on.
Reports say that it was a case of speeding, but the official version is awaited by the police.
Asked about the reason, he said: “Our team of experts and people from the RTO are working…only then we will be able to comment on anything or explain the reasons.”
At the time of the accident, Anahita was riding the Pandol wheels and the victims were on the back seats. The airbags had also popped up but the crash was catastrophic.
The bodies of Mistry and Pandol have been taken to the sub-district hospital in Kasa, while the Pandol couple has been shifted to Rainbow Hospital in Vapi, Gujarat, where they are undergoing treatment.
The body will be taken to Sir JJ Hospital in Mumbai for post-mortem, after which it will be handed over to the family.
The Mistrys and Pandoles are family friends.
The Pandol brothers lost their father Dinsha Pandol last week.
He had gone to Udwada in Valsad district over the weekend where he visited the Iran Shah Atesh Behram fire temple after the last rites. The incident took place during the return journey.
The Maharashtra government has ordered an inquiry into the incident and has sought a detailed report from the Palghar police.
Deputy Chief Minister Devendra Fadnavis, who holds the Home portfolio, spoke to Director General of Police Rajneesh Seth and asked for a detailed probe. He said that it was an unfortunate accident in Palghar, I spoke to the DGP and directed a detailed investigation.
Leading ophthalmologists were behind.
Police later said that a well-known Mumbai-based ophthalmologist was driving the vehicle. A police official said that preliminary information suggests that the car was speeding and tried to overtake another vehicle from the wrong side.
Gynecologist Anahita Pandol (55) and her husband Dara Pandol (60) survived the accident, while Mistry (54) and Dara’s brother Jahangir Pandol were killed in the accident. Mistry and Jahangir were on the back seats, the official said. Darius was in the front seat with Anahita, who was at the wheel, he said. Tata Sons chairman N Chandrasekaran remembered Cyrus Mistry as a man who, according to him, had a passion for life.
“I am deeply saddened by the sudden and untimely death of Mr. Cyrus Mistry. He had a passion for life and it is truly sad that he passed away at such a young age,” Chandrasekaran said in a statement. said in a statement.
“My deepest condolences and prayers go out to his family at this difficult time,” he added. Prime Minister Narendra Modi said that Mistry’s death is a great loss to the world of commerce and industry.
“The untimely demise of Shri Cyrus Mistry is shocking. He was a brilliant business leader who believed in India’s economic potential.” Meanwhile, Maharashtra Deputy Chief Minister Devendra Fadnavis expressed shock over Mistry’s death and said he has asked the state police to take action against him. Detailed investigation of the accident.
“Talked to DGP and directed a detailed investigation,” Fadnavis tweeted. Nationalist Congress Party (NCP) MP Supriya Sole expressed grief and said, “Devastating news. My brother Cyrus Mistry has passed away. Can’t believe it. Rest in peace Cyrus.”
Harsh Goenka, chairman of RPG Enterprises, also condoled Mistry’s demise.
“Deeply saddened to hear the shocking news of the passing away of Cyrus Mistry in an accident. He was a friend, a gentleman, a ladies’ man. He was instrumental in building the global construction company Shapurji Pallonji and Capably led the Tata Group,” Goenka tweeted.
Cyrus Pallonji Mistry rose to prominence when he was chosen to lead Tata Sons in 2012 after the resignation of Ratan Tata. He was made chairman on his representation from the Shapoorji Pallonji Group, which is the largest shareholder in Tata Sons.
He joined the board of Tata Sons in 2006 when his father Pallonji Mistry, a construction tycoon and chairman of Shapoorji Pallonji Group, retired.
October 24In 2016, the board of Tata Sons (the group’s holding company) voted to remove Mistry as chairman.
Who died in Cyrus Mistry’s accident?
Former Tata Sons chairman Cyrus Mistry died in a road accident near Palghar in Maharashtra on Sunday while returning from Ahmedabad. Four persons—Cyrus Mistry, Jahangir Dhansha Padul, Anahita Pandol and Darius Pandol—were traveling in the Mercedes GLC car at the time of the accident.
Why did Cyrus Mistry die?
A senior Mumbai police officer said that the car in which Mistry was traveling hit a divider and he died on the spot. After receiving the news of Mistry’s death, several leading politicians and industrialists tweeted their condolences.
How did Cyrus Mistry’s accident happen?
A police official quoted PTI as saying that the Mercedes-Benz car, with Anahita Pandol at the wheel, was speeding and tried to overtake another vehicle from the wrong side. Cyrus Mistry and Jahangir Pandol, who were killed in the accident, were on the back seats when the incident took place.
Who was in the car with Cyrus?
New Delhi: Former Tata Sons chairman Cyrus Mistry died in a car accident on his way to Mumbai from Udwara in Gujarat. He was accompanied by three other family friends, brothers Dara and Jahangir Pandol, and Dara Pandol’s wife Anahita Pandol.
Tata who died today?
Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons but was later ousted in India’s most high-profile boardroom coup, died in a car accident in Palghar, Maharashtra, on Sunday. were done He was 54 years old. Mr. Mistry was going to Mumbai from Udwara in Gujarat in a Mercedes car.
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