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NEW DELHI: Former chairman of Tata group, Cyrus Mistry died in a road accident in Palghar on Sunday.
According to reports, the incident occurred when the car hit the divider.
Cyrus Pallonji Mistry was chosen to lead one of India’s most prominent business conglomerates Tata Sons after Ratan Tata stepped down in 2012. He was made chairman on the basis of his representation from Shapoorji Palonji Group, the largest shareholder in Tata Sons.
He joined the Board of Tata Sons in 2006 after his father Pallonji Mistry, a construction tycoon and chairman of Shapoorji Pallonji Group, retired.
On October 24, 2016, the board of Tata Sons (the group’s holding company) voted to remove Mistry from the post of chairman. Natarajan Chandrasekaran was named the new chairman shortly after.
According to reports, the incident occurred when the car hit the divider.
Cyrus Pallonji Mistry was chosen to lead one of India’s most prominent business conglomerates Tata Sons after Ratan Tata stepped down in 2012. He was made chairman on the basis of his representation from Shapoorji Palonji Group, the largest shareholder in Tata Sons.
He joined the Board of Tata Sons in 2006 after his father Pallonji Mistry, a construction tycoon and chairman of Shapoorji Pallonji Group, retired.
On October 24, 2016, the board of Tata Sons (the group’s holding company) voted to remove Mistry from the post of chairman. Natarajan Chandrasekaran was named the new chairman shortly after.
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