Former Tata Sons chairman Cyrus Mistry died in a road accident when his car rammed into a divider in neighboring Mumbai in Maharashtra’s Palghar district, a Maharashtra Police official said on Sunday. According to the police officer, Cyrus Mistry Was going from Ahmedabad to Mumbai in a Mercedes car. “The accident happened around 3.15 pm, when Mistry was traveling from Ahmedabad to Mumbai. The accident happened on the bridge over the Surya river. It seems to be an accident,” the police officer added. According to the news agency, the police officer further informed that two other people traveling with him including the driver of the car were injured and all the injured were shifted to a hospital in Gujarat. has gone. PTI report good.
Here are 5 facts to know about Cyrus Mistry:
- Cyrus Mistry appointed as the sixth president of Tata Sons The five-member selection team spent 15 months searching for Ratan Tata’s successor. He took over as chairman in December 2012 after Ratan Tata announced his retirement.
- Notably, Mistry’s grandfather first bought shares in Tata Sons in the 1930s, a stake that currently holds 18.5 percent in the hands of Mistry’s father, Pallonji Mistry, the largest single in a firm controlled mostly by trusts. is a shareholder. Reuters report good.
- Not a complete outsider, Cyrus Mistry was the brother-in-law of Ratan Tata’s half-brother Noel Tata. Mistry’s father, a reclusive billionaire with an estimated net worth of $7.6 billion according to Forbes, paved the way for his younger son’s rise to the top of a conglomerate founded by Ratan Tata’s great-grandfather, a Reuters report said.
- After Cyrus Mistry was removed from the post of Tata Sons chairman in October 2016, N Chandrasekaran took over as the executive chairman of Tata Sons.
- Significantly, in May this year, the Supreme Court had dismissed the review petition of Cyrus Mistry in the Tata Vs Mistry legal case and the Supreme Court directed the SP to review the 2021 decision to remove Cyrus Mistry as the head of Tata Sons. The group’s petition was dismissed. ,
(With inputs from ANI, Reuters)
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