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Former Tata Group chairman Cyrus Mistry died at the age of 54 on Sunday after a road accident in Maharashtra’s Palghar district neighbouring Mumbai.
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The accident took place in the afternoon when Cyrus Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, which hit a divider on a bridge over the Surya river, officials said.
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Cyrus Pallonji Mistry was an Indian-born Irish businessman. He rose to prominence when he was chosen to lead Tata Sons after Ratan Tata stepped down in 2012.
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He was the sixth chairman of the group, and only the second (after Nowroji Saklatwala) to not bear the surname Tata.
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Cyrus Mistry owned an 18.4% stake in Tata Sons, through his company, Cyrus Investments Pvt. Ltd. In 2018, his net worth was approximately $10 billion.
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According to Bloomberg Billionaires Index, Cyrus Mistry’s father Pallonji Mistry’s wealth was estimated to be about US$30 Billion in mid-2021 and US$29 billion at the time of his death.
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Mistry studied at the prestigious Cathedral & John Connon School in South Mumbai.
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He studied at Imperial College London and was awarded Bachelor of Engineering in civil engineering from University of London in 1990.