Cyrus Mistry dies in road accident
Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said.
Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a longdrawn-out legal tussle on which India's top court eventually ruled in Tata Group's favour.
The accident took place in Palghar, located about 100 kilometres (62 miles) north of Mumbai, on Sunday afternoon. Mistry was travelling to Mumbai from Gujarat with three others, B. Patil, the top police official in Palghar district, said.
A senior Mumbai police official said the car in which Mistry was travelling had rammed into a divider, and that he had died at the accident site.
Several prominent politicians and industrialists tweeted their condolences after news of
Mistry's passing was reported. Prime Minister Narendra Modi called Mistry's demise untimely and shocking.
‘He was a promising business leader who believed in India's economic prowess. His passing away is a big loss to the world of commerce and industry,' Modi tweeted.
Mistry's family and Tata Sons did not immediately respond to a request seeking comment.
Tata Consultancy Services, in which Tata Sons owns a majority stake, said it was mourning the untimely demise of its former chairman, adding that the company was offering its ‘deepest condolences and prayers' to his family and friends.