Sep 5, 2022
By: BI India BureauThe 54-year-old businessman died on Sunday, September 4 in a road accident after his car hit a divider in Maharashtra's Palghar district near Mumbai.
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Cyrus Mistry, the former chairman of Tata Sons, was born in Mumbai on 4 July 1968. He was an Irish by nationality as his mother was Irish.
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He was the second son of billionaire and construction magnate Pallonji Mistry and his elder brother is Shapoor Mistry. Both his parents held Irish citizenship.
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Pallonji Mistry passed away in June this year. The Pallonjis have had business interests in India for over 100 years. In the 1930s, Mistry’s grandfather acquired a stake in Tata Sons. He also got a Masters degree in management from the University of London.
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Mistry went to Cathedral & John Connon School in Mumbai. He completed his civil engineering course from the Imperial College in London.
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The Mistry family has 18.37 percent in Tata Sons, which is the largest shareholding by a single entity.
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Cyrus Mistry joined the Tata Sons board in 2006 after his father retired from it. He served as director on Tata Elxsi between 1990 and 2009 and was also a director on Tata Power board till 2006.
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In 2013, Mistry was appointed chairman of Tata Sons and was also appointed chairman of several other Tata group companies.
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Cyrus Mistry was married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist MC Chagla. It was his father-in-law that strategized his entire legal battle against Tata Sons. Mistry has two sons – Firoz and Zahan Mistry.
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Mistry was known to be a soft spoken and gentleman who believed he had to fight for his honour after he was evicted in an ugly boardroom battle.
Credit: BCCL