Who was Cyrus Pallonji Mistry?
Cyrus Mistry was chairman of the TATA Group. He was born on July 4, 1968. He died in a car crash on September 4, 2022. He was married to Rohiqa Chagla, they have 2 sons (Firoz Mistry and Zahan Mistry). He owned an 18% stake in Tata Sons.
Tata Sons Private Limited is the holding company of Tata Group and holds the bulk of shareholding in the Tata group of companies. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries. It is one of the largest conglomerates in South Asia
The Tata group is a global enterprise, headquartered in India. The group operates in more than 100 countries and has more than 750,000 employees.
Group companies include Tata Motors, Tata Steel, Tata Capital and Tata Chemicals.
Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks, and defense vehicles. It is the owner of Jaguar Land Rover. The company is the world’s 5th automotive manufacturer.
In 2016, the board of Tata Sons, voted to remove Mistry from the post of chairman after offering him an opportunity to resign voluntarily. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chair a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal and restored Mistry. However, the Supreme Court stayed NCLAT’s order on 10 January 2020. Mistry has filed a cross-appeal in the court, seeking explanations for anomalies in the NCLAT.
Mistry Net Worth
His net worth was $15 billion.
He died in a car crash near Mumbai on September 4, 2022. The Mercedes GLC car hit a barrier, Mistry was in the back seat, reportedly without seat belts. One other person (Jahangir Dhinshaw Padole) was killed and two more passengers were injured, police in India’s western Maharastra state said. At the time of the accident, Dr Anahita Pandole was driving the Mercedes car. Her husband Darius Pandole was on the front passenger seat, while Mistry and Jehangir died on the spot during the accident. Dr Anahita and Darius are heavily injured and both are recovering in the hospital.
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Cyrus Pallonji Mistry House
He lived with his wife Rohiqa Chagla in a large house in Mumbai. He also owned a house in Ireland and residences in London and Dubai.
We were told he is the owner of the 80-meter yacht Tatiana. built by Bilgin in 2020. Although a representative of Mr Mistry denied his involvement. And we also became aware of rumors that the project has been abandoned. He also owns the 45-meter yacht Tatiana I (also built at Bilgin). And we think he owns the 44-meter Tatiana V. Do you know more? Please do send us a message.
Update: We found out that not Cyris, but his brother Shapoor Mistry is the owner of the yacht TATIANA>
Until the 2020 management dispute, he had access to the private jet fleet of the Tata Group, which includes a Dassault Falcon 2000 with registration VT-TBT.