The former president of Tata Sons dies in a car accident in India

The former president of Tata Sons dies in a car accident in India


Billionaire businessman Mistry was known as the former chairman of Tata Sons (Reuters)

  • The car in which the former president of Tata Sons was traveling hit a barrier between two lanes

  • In 2016, Mistry was replaced by a sudden corporate shakeup that saw former president Ratan Tata retire.

  • Business and political leaders spoke about the event.

The former chairman of Tata Sons Cyrus Mistry died in a car accident last Sunday (4), on a highway near Mumbai, India.

According to information from CNN Business, an Indian-born Irish billionaire businessman was one of two people who died when the car they were traveling in hit a barrier between two lanes. Two other people were injured and taken to hospital.

Mistry was known as the former chairman of Tata Sons, India’s largest conglomerate that owned Jaguar, Land Rover and Taj hotels. The businessman hit the headlines in 2011 when he was announced as the chosen heir to Tata and became the first person not directly related to the family to lead a company that bears his name.

In 2016, Mistry was replaced by a sudden organizational shakeup that saw former chairman Ratan Tata come out of retirement to lead the company on an interim basis. The dismissal of the businessman sparked a bitter public dispute between the former president and the group’s board.

In a statement shared by CNN Business on Monday (5), the president of Tata Sons, Natarajan Chandrasekaran, mourned the death of the businessman. “He had a zest for life and it is very sad that he passed away so young. My deepest condolences and prayers for his family at this difficult time.”

Business and political leaders also spoke about the event, such as Indian Prime Minister Narendra Modi, who posted on Twitter: “Sudden death of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic potential”.

Mistry was 54 years old and is survived by his wife and two children.