The empire that Cyrus Mistry helped build: 5 points

Cyrus Pallonji Mistry, who was chief executive of Shapoorji Pallonji & Company, part of the Shapoorji Pallonji Group, and also former chairman of Indian conglomerate Tata Group, died in a car accident.

  1. In 1991, Mr. Mistry began working as a manager for Shapoorji Pallonji & Co. Ltd, a family-owned construction company. He was Chairman of Tata Sons and Tata Group, in addition to Managing Director of Shapoorji Pallonji & Company.

  2. A year after his father stepped down from the board of directors of Tata Sons, Mr. Mistry joined him on September 1, 2006, with an 18.4% stake in Tata Sons; it owned the largest block of shares held by a single entity.

  3. From September 24, 1990 to October 26, 2009, he was a director of Tata Elxsi Limited and a director of Tata Power until September 18, 2006. Mr. Mistry was appointed Chairman of Tata Sons in 2013. He has also served as Chairman of each organization important Tata including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Teleservices, Indian Hotels, Tata Global Beverages and Tata Chemicals – – covering everything from outsourcing to steel, to cars from luxury and salt.

  4. He was forced out as chairman of Tata Sons in a coup in the boardroom in October 2016. After a long legal battle, when the National Company Law Appeals Tribunal in 2020 ruled the case in his favor, Mr. Mistry said he would like to reserve his place on the company’s board of directors but would not take over as chairman of the conglomerate.

  5. In a 2013 article, The Economist ranked him as “the most important industrialist in India and Britain”.