Tribune News Service New Delhi, September 4 Sandeep Dikshit Cyrus Mistry, a publicly shy tycoon who once headed the Tata Group, died on Sunday afternoon in a car accident. The car he was traveling in apparently hit a culvert divider on a highway in Maharashtra’s Palghar district, next to Mumbai. A statutory investigation has been ordered into the case. “The accident took place around 3.15 pm when Mistry was traveling to Mumbai from Ahmedabad. The accident took place on a bridge over the Surya river. It looks like an accident,” said a senior police official of Palghar district. When he died, Cyrus, 54, was dealing with two disappointments. Pallonji’s bigger father Shapoorji Mistry, who is said to have once called the Tata House shootings, died just over two months ago in July. In May, the Supreme Court dismissed his final plea against his removal as Chairman of Tata Sons in 2016. NCP leader Supriya Sule, one of the few who stood by him in these stormy boardroom battles and behind-the-scenes intrigues, was the first to mourn his death. “Devastating news. My brother Cyrus Mistry has passed away. I can’t believe it,” he tweeted.
Devastating news My brother Cyrus Mistry has passed away. I can not believe it. Rest in peace Cyrus. pic.twitter.com/YEz7VDkWCY — Supriya Sule (@supriya_sule) September 4, 2022 Soon, led by Prime Minister Narendra Modi, political leaders and businessmen posted their condolences on Twitter. “Cyrus Mistry’s untimely death is shocking. He was a promising business leader who believed in India’s economic potential. His death is a great loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace,” the prime minister said.
The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic potential. His death is a great loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace. — Narendra Modi (@narendramodi) September 4, 2022 Little was known about Cyrus until a search committee decided he was best suited to fill Ratan Tata’s shoes when the latter turned 75 in 2012. The rule was once invoked to retire Tata Steel chief Russi Mod, who did not have the Tata surname and could never lead Tata Sons. But Mistry became the first non-Tata, taking on Ratan’s half-brother Noel Tata, who is married to his sister. Not much was known about him after he became the head of the Tata Group, as Cyrus did not give any interviews. As he approached his fourth year as the head of the Tata Group, intrigue was brewing in the corridors of Bombay House. Amid rumors that the final nail was his plan to shut down the Nano car plant a year before the 2017 Gujarat elections, Tata’s board removed him in a majority vote. If Cyrus’ father diversified the construction business of their family business into specialist areas such as the construction of the outer cladding of nuclear power plants, his grandfather’s shrewd investments in Tata Sons in the 1930s saw their holdings rise to 18, 4%, making the family the largest single shareholder. of the Tata group. While Cyrus returned to his family businesses largely run by his elder brother, he had a brief moment of vindication in 2019 when the National Company Law Appellate Tribunal reinstated him as Chairman of Tata Sons. However, the Supreme Court overturned the decision and then dismissed his review petition in May this year. #cyrusmystery
