Former Chairman of Tata Group Cyrus Mistry dies in a car accident

Ten News Network

Mumbai, Sept 4th,2022: Former Tata Sons Chairman Cyrus Mistry died in a road accident at Charoti in Palghar on Sunday when his Mercedes was returning from Ahmedabad to Mumbai.

According to the police, the car crashed into a divider near Charoti on a bridge around 3.15 pm. There were four people in the vehicle, of which two, including Mistry, died on the spot. The other deceased person has been identified as Jahangir Binshah Pandole. Those injured — identified as Anahita Pandole, a top doctor at Breach Candy Hospital, and Darius Pandole, the managing director and CEO of JM Financial Private Equity — have been shifted to a hospital.

Mistry was traveling from Ahmedabad to Mumbai. According to police reports, Anahita Pandole was driving the car when the accident took place.
The businessman is survived by his wife and two kids.

Prime Minister Modi tweeted, “He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry. Condolences to his family and friends.”

Several other officials like Maharashtra CM Eknath Shinde, Dy CM Devendra Fadnavis, Smriti Irani, Piyush Goyal, and Sharad Pawar expressed their grief on social media.

Cyrus Mistry, 54, an Irish citizen, became the Chairman of the Tata Group succeeding Ratan Tata in 2012.
Four years later he was removed from his post in a boardroom coup led by Tata Trust which owned 66% of Tata Sons.

Mistry is often credited with taking Sharpooji Palloji Group, a conglomerate company to great heights in Mumbai, Africa, and the Middle East.
After being ousted from the Tata Group, he set up his own venture capital firm called Mistry Ventures LLP.

His death comes as a second blow to the Mistry family as Cyrus’s father, Pallonji Mistry passed away in June this year.
Their empire built luxury hotels, stadiums, palaces, and factories across Asia, but was most recently known for its corporate feud with the Tata Group.

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