Cyrus Mistry the ex Chairman of Tata Sons was presently handling $30-Billion Shapoorji Pallonji Group dies in accident near Mumbai. According to authorities, Cyrus Mistry, who followed Ratan Tata as chairman of Tata Sons before being removed in India’s most publicised boardroom coup, died on Sunday in an automobile accident in Palghar, Maharashtra. He was 54.
Mr. Mistry was driving a Mercedes from Udwada in Gujarat to Mumbai.
In-depth details about Cyrus Mistry Ex Chairman of Tata Sons Accident Near Mumbai:
The wrecked remains of the silver Mercedes were visible in photos taken at the scene of the crash. A road divider caused the car to crash in the Charoti neighbourhood of Palghar, 135 kilometres from Mumbai.
“Mistry was travelling to Mumbai when the accident happened at around 3.15 p.m. The Surya river bridge was the site of the disaster. It appears to be a mishap, “Balasaheb Patil, the district police chief for Palghar, stated.
Jehangir Pandole, Anahita Pandole, and Darius Pandole were in the automobile with Mr. Mistry.
The additional victim of the tragedy was Jehangir Pandole, Darius Pandole’s brother.
Independent director for Tata Group companies Darius Pandole had opposed Mr. Mistry’s ouster as chairman of the business. Along with Mr. Mistry, he also quit the Tata group.
Anahita’s husband is Darius. The driver of the vehicle was Mumbai’s well-known gynaecologist, Anahita Pandole.
After the accident, Anahita Pandole and Darius Pandole were sent to a private hospital in Vapi, Gujarat.
The police official stated on Sunday night that “they are expected to be transferred to a Mumbai hospital on Monday morning.”
According to a police officer, the car was speeding and attempted to pass another vehicle from the wrong side (from the left).
Maharashtra Deputy Chief Minister Devendra Fadnavis said he has requested the state police to undertake a full inquiry into the disaster.
As the state’s home minister and spokesperson, Mr. Fadnavis tweeted, “Spoke to DGP and instructed for detailed investigations.”
The nation was led in grieving the passing of the business mogul by Prime Minister Narendra Modi and other politicians and businesspeople, who described it as a “huge loss” to the world of business and industry.
The death of Cyrus Mistry, the youngest scion of the 157-year-old, multibillion-dollar Shapoorji Pallonji Group, in a horrific car accident is a double loss for the company because the group patriarch passed away in late June.
Littlewood Pallonji & Co., a nearly $30 billion diversified company, was established in 1865 by the late senior Pallonji Mistry (Cyrus’ great grandfather), who also owned 18.6% of the $130 billion Tata Group.