Cyrus Mistry, who took over as chairman of Tata Sons after Ratan Tata but was subsequently removed in India’s most high-profile boardroom coup, reportedly died in a vehicle accident in the city of Palghar in the state of Maharashtra on Sunday, according to the local police. He was 54.
According to the report, Mr. Mistry was driving a Mercedes automobile all the way from Ahmedabad to Mumbai.
Several photographs taken at the scene of the collision showed the crumpled remnants of the silver Mercedes automobile. The accident occurred after a vehicle collided with a road barrier in the Charoti neighborhood of Palghar, which is around 135 kilometers away from Mumbai.
“At around 3:15 in the afternoon, the accident took occurred as Mistry was traveling from Ahmedabad to Mumbai. The mishap occurred on a bridge that was situated over the Surya river. It seems to be a coincidence, “according to Balasaheb Patil, the superintendent of police for the Palghar district.
Cyrus Mistry Dies in Road Accident Near Mumbai
In addition to him, the driver of the vehicle he was riding in and one other passenger also sustained injuries. Every one of the wounded has been sent to a hospital in the state of Gujarat.
The passing of the business magnate was lamented by the whole nation’s Prime Minister, Narendra Modi, who referred to it as a “huge loss” for the global commercial and industrial communities.
“It is tragic that Shri Cyrus Mistry passed away at such a young age. He was an up-and-coming business leader who had faith in India’s ability to thrive economically. The worlds of business and industry have suffered a significant setback as a result of his demise. My deepest condolences go out to his loved ones and friends. I pray that God will grant him eternal rest, “The tweets of PM Modi.
Piyush Goyal, the Minister of Commerce for the Union, expressed his sympathies on Twitter and called the deceased the “shining star” of Indian business.
The news that Mr. Mistry had passed away was “difficult to comprehend,” according to Anand Mahindra, an industrialist.
In October of 2016, Mr. Mistry, who had served as the sixth chairman of Tata Sons, was removed from his role as chairman. After Ratan Tata made the announcement that he would be retiring in December 2012, he took over as chairman of the company.