Cyrus Mistry, prominent Indian business leader, dies in road accident aged 54 – National

Cyrus Mistry, an Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons, died in a crash on Sunday after his car crashed into a roadside kerb in western India, police said. He was 54.

The crash happened on a river bridge in Palghar district of Maharashtra state near Mumbai, police officer Prakash Gaekwad told reporters.

Mistry was chairman of Tata Sons for five years until he was removed by the board in October 2016. He challenged the board’s decision, but India’s top court upheld his dismissal.

Politicians and business leaders were shocked to learn of Mistry’s death.

Prime Minister Narendra Modi said Mistry is a promising business leader who believes in India’s economic capacity. “His death is a great loss to the world of commerce and industry,” he said.

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“I was convinced that he was destined for greatness,” said Anand Mahindra, an Indian business leader. “If life had other plans for him, so be it, but life itself should not have been snatched from him.”

Mistry, through his company Cyrus Investments Pvt. ltd In 2018, his net worth was approximately $10 billion.

Mistry joined the family construction company Shapoorji Pallonji and Co. Ltd. in 1991 as Managing Director. a.

He is survived by his wife and two sons.