Cyrus Pallonji Mistry was an Indian-born Irish businessman.Cyrus Mistry Family Tree Belongs to a Business Family and Tata Sons.Mistry died in a road accident on 4 September at Charoti in Palghar when his Mercedes was returning from Ahmedabad to Mumbai. The accident took place on a bridge on the Surya river. Two other persons injured in the mishap are hospitalised. The car hit a divider according to Palghar SP.
Mistry became a director at the family construction firm Shapoorji Pallonji & Co. Ltd in 1991. Mistry has served as the chairman of Tata Sons and the Tata Group, as well as the managing director of Shapoorji Pallonji & Company, which is part of the Shapoorji Pallonji Group. The Economist described him as “the most important industrialist in both India and Britain” in a 2013 article.
Cyrus Mistry Family and Parents History
Mistry was born in Bombay to a Parsi family. He was the younger son of Pallonji Mistry, an Indian billionaire and construction magnate, and his wife Patsy Perin Dubash. Both of his parents are Zoroastrians with Indian ancestors. Mistry’s mother, on the other hand, was born in Ireland, and his father chose to obtain Irish citizenship.
Shapoor Mistry, Mistry’s elder brother, is also an Irish citizen and is married to Behroze Sethna, the daughter of Parsi lawyer Rusi Sethna. Mistry has two sisters named Laila and Aloo. Laila is married to Rustom Jehangir, a portfolio fund manager based in London. Aloo is married to Noel Tata, Ratan Tata’s half-Indian-Parsi, half-French-Catholic half-brother.
Mistry’s grandfather, Shapoorji Mistry, first acquired a stake in Tata Sons in the 1930s, when the Pallonji family was active in business for over a century. Mistry’s father held the stake, which now stands at 18.5%, and it is the largest block of shares held by a single party; some 66% of Tata Sons is controlled by charitable trusts established by the family. Mistry grew up in comfortable circumstances.
Mistry received his formal education at the prestigious Cathedral & John Connon School in South Mumbai.In 1990, he received a Bachelor of Engineering in civil engineering from the University of London after studying at Imperial College London. Later, he attended London Business School and received an International Executive Masters in Management from the University of London in 1996.
Cyrus Mistry Family Tree
|Father Name||Pallonji Mistry|
|Mother Name||Patsy Perin Dubash|
|Siblings||Aloo Mistry, Laila Mistry, Shapoor Mistry|
|Wife Name||Rohiqa Chagla (m. 1992)|
|Children||Firoz Mistry, Zahan Mistry|
Cyrus Mistry Wife and Children
Mistry was married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist M.C. Chagla. Iqbal Chagla has strategized the course of action for Cyrus Mistry in the legal battle against Tata Sons.The couple have two sons, Firoz Mistry and Zahan Mistry.
Cyrus Mistry Quick Facts
Mistry was appointed chairman of Tata Sons in 2013. He was also the chairman of all major Tata corporations, including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Teleservices, Indian Hotels, Tata Global Beverages, and Tata Chemicals. The Tata Sons Board voted to remove Mistry from the Chairmanship of Tata Sons on 24 October 2016.
Mistry joined Tata Sons’ board of directors on September 1, 2006, a year after his father retired.He was a Director of Tata Elxsi Limited from September 24, 1990 to October 26, 2009, and a Director of Tata Power Co. Ltd until September 18, 2006.
The National Company Law Appellate Tribunal reinstated Mistry as Tata Sons’ Chairperson for the remainder of his term in December 2019, and declared that the appointment of TCS CEO Natarajan Chandrasekaran as Tata Sons’ executive chairman was illegal.Tata Sons filed an appeal with the Supreme Court against NCLAT’s decision in January 2020.
Cyrus Mistry has announced that he will not return as Chairman of the conglomerate, but would like to retain his seat on the company’s board. On 10 January 2020, a three-judge bench comprised of Chief Justice SA Bobde and Justices BR Gavai and Surya Kant stayed NCLAT’s order while hearing Tata Sons’ appeal. “We find lacunae in the judicial orders passed by the NCLAT,” the bench stated. The Supreme Court also ruled that Tata Sons will not use its power under Article 25 of the Company Law to force minority shareholders out of the company.