Cyrus Mistry, a top business scion in India, dies in car crash at 54
Cyrus Mistry, scion of one of India’s most illustrious business families and who also formerly headed the nation’s biggest business group, died in a road accident near Mumbai.
The car Mistry was in hit a divider on a bridge in Palghar at about 2:30 p.m.
Mistry and another passenger were killed, while two others injured have been shifted to hospital, assistant police inspector Balasaheb Yamgar said by phone.
Pallonji Mistry had accumulated a net worth of almost $29 billion at the time of his death, according to the Bloomberg Billionaires Index, making him one of the richest men in India.
Cyrus Mistry was named chairman of Tata Sons in 2012, becoming only the second top official not to bear the Tata family name.
His shock ouster in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India’s most storied corporate clans.
Cyrus’s older brother, Shapoor Mistry, is chairman of the SP Group. The siblings in 2018 set up venture capital firm Mistry Ventures LLP.
Cyrus Mistry is survived by his wife Rohiqa and their two sons.