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Cyrus Mistry Profile
Cyrus Pallonji Mistry was an Indian-born Irish businessman. He was the former chairperson of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second not to bear the surname Tata.
Cyrus Mistry Age
Mistry is 55 years as of 2023. He was born on 4th July 1968 in India. Additionally, he celebrates his birthday on the 4th of July every year.
Cyrus Mistry Height
He stands at the height of 5 feet 9 inches tall.
Cyrus Mistry Family
Mistry was born to a Parsi family in Bombay now Mumbai, Maharashtra, the younger son of Indian billionaire and construction magnate Pallonji Mistry by his wife Patsy Perin Dubash. Both his parents belong to the Zoroastrian faith and have roots in India. However, Mistry’s mother was born in Ireland, and his father chose to take up Irish citizenship. Mistry had an elder brother, Shapoor Mistry, who is also an Irish citizen and is married to Behroze Sethna, the daughter of Parsi lawyer Rusi Sethna. Mistry also has two sisters, Laila and Aloo. Laila is married to Rustom Jehangir, a London-based portfolio fund manager.
Aloo is married to Noel Tata, the half-Indian-Parsi, half-French-Catholic half-brother of Ratan Tata. The Pallonji family has been active in business for over a century, and it was in the 1930s, that Mistry’s grandfather, Shapoorji Mistry, first acquired a stake in Tata Sons. The stake, which now stands at 18.5%, was held by Mistry’s father, and comprises the largest block of shares held by a single party; some 66% stake in Tata Sons is controlled by charitable trusts set up by the family. Mistry grew up in an affluent circumstance
Cyrus Mistry Wife
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 has two sons, Firoz Mistry, and Zahan Mistry. Additionally, Mistry was an Irish citizen and a permanent resident of India having acquired Overseas Citizenship of India. According to a news report in an Irish newspaper, The Independent, Mistry views himself as a global citizen. His father, Pallonji Mistry, died in mid-2022.
Cyrus Mistry Death
On 4th September 2022, Mistry and three members of the Pandora family visited the Iranshah Atash Behram at Udvada. As confirmed by Zoroastrian High Priest Khurshed Dastoor, the group had visited to offer prayers following the death of Dinshaw Pandole and Pallonji Mistry. While returning from Ahmedabad to Mumbai, the Mercedes car in which they were traveling crashed into a road divider in Palghar on a bridge over the Surya River. Cyrus Mistry and Jehangir Pandole who was sitting in the back seat not wearing a seat belt and was killed instantly when their face hit the front seats, and two others, Dr. Anahita Pandole, and her husband Darius Pandora, were hospitalized. Indian Prime Minister Narendra Modi and other prominent members expressed their thoughts about the death through tweets and condolences.
Cyrus Mistry Education
Mistry was educated at the prestigious Cathedral & John Connon School in South Mumbai He studied at Imperial College London and was awarded a Bachelor of Engineering in civil engineering from the University of London in 1990. He later studied at London Business School. Moreover, he was awarded International Executive Master in Management from the University of London in 1996.
Cyrus Mistry Career
Mistry joined the family construction company, Shapoorji Pallonji & Co. Ltd as a director in 1991. Mistry had been managing director of Shapoorji Pallonji & Company, which is part of the Shapoorji Pallonji Group, and also chairman of Tata Sons and the Tata Group. In a 2013 article, The Economist categorized him as “the most important industrialist in both India and Britain.” In 2018, his net worth was approximately $10 billion In mid-2012. He was chosen by a selection panel to head the Tata Group and took charge in December of that year. Furthermore, in October 2016, the board of Tata Group’s holding company. Additionally, Tata Sons voted to remove Mistry from the post of chairman.
Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman 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. However, the Supreme Court upheld his dismissal. He owned an 18.4% stake in Tata Sons, through his company, Cyrus Investments Pvt. Ltd. According to the Bloomberg Billionaires Index, Mistry had a net worth of nearly $29 billion at his death. Furthermore, making him one of the wealthiest men in India. He was a member of the National Integration Council.
Cyrus Mistry Tata Sons
Mistry joined the board of Tata Sons on 1 September 2006, a year after his father retired from it. Moreover, he served as a Director of Tata Elxsi Limited, from 24 September 1990 to 26 October 2009, and was a Director of Tata Power Co. Ltd until 18 September 2006. In 2013, Mistry was appointed the chairman of Tata Sons. In addition, he was also chairman of all major Tata companies 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
Cyrus Mistry Net Worth
Mistry had a net worth of nearly $29 billion at his death. Making him one of the wealthiest men in India. He was a member of the National Integration Council.
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