Who was Cyrus Mistry, a billionaire who clashed with Ratan Tata due to..., he was once chairman of...
Cyrus Mistry Birthday: When we talk about Tata Group, one name which comes in our minds is undoubtedly Ratan Tata. But there is also another man who shares bitter-sweet relationship with the Tata group. Love him or hate him you can't ignore him. The name is Cyrus Mistry who tragically died in a road accident on September 4 2022. Cyrus Mistry was the chairman of Tata Group company Tata Sons between 2012 and 2016.
He was born on July 4 1968 in a Parsi family in Bombay (now Mumbai). He was the youngest son of Pallonji Mistry of Shapoorji Pallonji Mistry Group. His mother was an Irish woman. His father also later became a citizen of Ireland. Later Cyrus Mistry also took Irish citizenship. Apart from this, he was also a permanent citizen of India.
Where did he study from?
Cyrus Mistry did his early education from Mumbai. Later he went to London for higher education. After completing his studies, he started working in the family's Pallonji Group in the year 1991. In the year 1994, he became a director in the Shapoorji Pallonji Group. This group works in sectors ranging from clothing to real estate, hospitality, business automation, etc.
Did you know…
Cyrus Mistry joined Tata Sons in 2006. He was included in the board of Tata Sons. The reason for this was that his family group had the largest stake in Tata Sons. After 2010, Ratan Tata retired from Tata Group. In such a situation, after a lot of search, Cyrus Mistry was made his successor. In 2012, he became the chairman of Tata Sons. During that time when he was the chairman of the group, he also clashed with former group chairman Ratan Tata . However, he was later removed from this post. But he kept fighting for his rights till the end.
Cyrus Mistry was also the MD of Shapoorji Pallonji Group. Shapoorji Pallonji Group has a major stake in Tata Sons. When Cyrus Mistry was removed from the Tata Group, he went to court against it. When he got the responsibility of Tata Group, he was the first person in the nearly 100-year history of Tata Group whose surname was not 'Tata' and yet he became the group chairman. The reason for this was his family's closeness with the Tata Group.
Cyrus Mistry was accused of…
It is said that Cyrus Mistry could not handle the legacy of Tata. During this time, Ratan Tata also had a tussle with Cyrus Mistry over the Tata Nano car. The result was that in 2016, Cyrus Mistry was removed from his post and Ratan Tata again became the interim chairman of Tata Group. Against this, Cyrus Mistry opened a front against Ratan Tata and Tata Group and the matter reached the Supreme Court. However, later the decision came in favor of Tata Group.
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