Cyrus Mistry dies in accident: All you need to know about former Chairman of Tata Sons
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The tragic end
Former Chairman of Tata Sons Cyrus Mistry was killed in a car accident in Maharashtra's Palghar today. Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car. The accident took place at 3.15 pm after his car hit a divider. Four people were present in the car; two died on spot and two were moved to hospital.
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Son of late Pallonji Mistry
Cyrus Mistry was the younger son of late Pallonji Mistry, head of the Shapoorji Pallonji Group, a diversified conglomerate which had begun as a construction company started by Pallonji Mistry's grandfather in the 19th century.
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Ratan Tata's first choice
Mistry replaced Ratan Tata as executive chairman after he stepped down on turning 75 in 2012. He was the sixth Chairman of Tata Sons.
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Non-Indian to lead Tata Group
Cyrus Mistry was the first non-Indian to lead Tata Group, as he held an Irish passport.
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Unceremonial exit
However, his tenure as Tata Group chairman ended abruptly in 2016 amid differences between him and Tata family over running the conglomerate.
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Legal battle
Cyrus Mistry had challenged his removal, accusing the board of mismanagement and of oppressing minority shareholders. In 2018, the National Company Law Tribunal rejected his petition, but that decision was overturned by the National Company Law Appellate Tribunal in 2019. However, in 2021, the Supreme Court had upheld Mistry's dismissal.
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Before joining the Tata Group
Mistry was the managing director of Shapoorji Pallonji Group before his appointment as chairman designate of Tata Sons. He joined the Shapoorji Pallonji Group in 1991 as a director.
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Earlier years
Born on July 4, 1968, Mistry completed his graduation in civil engineering from the Imperial College of Science, Technology and Medicine, London. He also held a Master's degree in management from the London Business School.