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Cyrus Mistry, Tata Sons Ex Chairman, Dies In Accident Near Mumbai

Tata Sons former Chairman Cyrus Mistry was killed in a automobile accident

New Delhi:

Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons however was later ousted in India’s most high-profile boardroom coup, was killed in a automobile accident in Maharashtra’s Palghar on Sunday, mentioned police. He was 54.

Mr Mistry was travelling from Gujarat’s Udwada to Mumbai in a Mercedes automobile, it added.

Footage from the accident web site confirmed the mangled stays of the silver Mercedes. The accident occurred when the automobile hit the highway divider at Charoti space of Palghar, 135 km from Mumbai.

“The accident occurred round 3.15 pm, when Mistry was travelling to Mumbai. The accident occurred on a bridge over the Surya river. It appears an accident,” mentioned Palghar district superintendent of police, Balasaheb Patil.

Together with Mr Mistry, Jehangir Pandole, Anahita Pandole and Darius Pandole have been current within the automobile.

Jehangir Pandole, brother of Darius Pandole, is the opposite one that died within the accident.

Darius Pandole was an impartial director in Tata group companies and had opposed the elimination of Mr Mistry as the corporate’s chairman. He additionally left the Tata group with Mr Mistry.

Darius is Anahita’s husband. Anahita Pandole, a widely known gynaecologist in Mumbai, was driving the automobile.

Anahita Pandole and Darius Pandole have been shifted to a non-public hospital in Vapi in Gujarat after the accident.

“They’re more likely to be shifted to a Mumbai hospital on Monday morning,” the police official mentioned on Sunday evening.

The automobile was rushing and tried to overhaul one other automobile from the flawed aspect (from the left), a police officer informed information company PTI.

Maharashtra Deputy Chief Minister Devendra Fadnavis mentioned he has requested the state police to conduct an in depth investigation into the accident.

“Spoke to DGP and instructed for detailed investigations,” tweeted Mr Fadnavis, who can be the state house minister.

That is the most recent blow for the Mistry household whose patriarch, Pallonji Mistry – Cyrus’s father – died in June on the age of 93. Their empire constructed luxurious motels, stadiums, palaces and factories throughout Asia, however was most just lately identified for a company feud with the Tata Group.

Prime Minister Narendra Modi led the nation in mourning the lack of the enterprise tycoon, calling it a “large loss” to the world of commerce and business.

“The premature demise of Shri Cyrus Mistry is stunning. He was a promising enterprise chief who believed in India’s financial prowess. His passing away is a giant loss to the world of commerce and business. Condolences to his household and associates. Might his soul relaxation in peace,” PM Modi tweeted.

Union Minister of Commerce Piyush Goyal tweeted his condolences, terming him Indian business’s “shining star”.

Union Minister for Ladies Improvement Smriti Irani mentioned Mr Mistry “epitomised kindness”.

N Chandrasekaran, chairman of Tata Sons who succeeded Mr Mistry, condoled the enterprise chief’s “premature demise”.

“I’m deeply saddened by the sudden and premature demise of Mr. Cyrus Mistry. He had a ardour for all times and it’s actually tragic that he handed away at such a younger age. My deepest condolences and prayers for his household in these tough instances,” Mr Chandrasekaran mentioned in a press release.

RPG Enterprises Chairman Harsh Goenka remembered Mr Mistry as “a good friend, gentleman, a person of substance”.

Industrialist Anand Mahindra mentioned it was “laborious to digest” the information of Mr Mistry’s loss of life.

“I bought to know Cyrus properly throughout his all-too-brief tenure as the pinnacle of the Home of Tata. I used to be satisfied he was destined for greatness. If life had different plans for him, so be it, however life itself shouldn’t have been snatched away from him. Om Shanti,” mentioned Mr Mahindra.

Veteran chief and Nationalist Congress Social gathering chief Sharad Pawar known as Mr Mistry a “dynamic and good entrepreneur”.

“Deeply saddened to listen to in regards to the stunning information of the premature demise of the previous Tata Sons Chairman Cyrus Mistry. He was a dynamic and good entrepreneur. We misplaced one of many brightest star of Company World,” mentioned Mr Pawar.

Supriya Sule, Sharad Pawar’s daughter, mentioned she was devastated.

“Gone too quickly”, tweeted Sena’s Priyanka Chaturvedi.

Mr Mistry, who was the sixth chairman of Tata Sons, was ousted from the place in October 2016. He had taken over because the chairman in December 2012 after Ratan Tata introduced his retirement.

Mr Mistry is survived by his spouse Rohiqa and their two sons.

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