The death of the wealthy former chairman of Tata, the largest conglomerate in India, has been referred to as a “huge loss” for the business community by India’s prime minister.
On his way to Mumbai on Sunday, Cyrus Mistry was killed in a car accident. According to police in Maharastra state in western India, two other passengers were hurt in addition to the one additional fatality.
In 2016, Mr. Mistry, 54, lost his position as chairman of Tata as a result of poor performance reviews. Ratan Tata, the person Mr. Mistry had himself replaced just four years prior, succeeded him.
The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace.— Narendra Modi (@narendramodi) September 4, 2022
The mysterious boardroom takeover gave rise to a protracted legal dispute, which India’s highest court ultimately decided in Tata’s favor. The tragedy occurred on Sunday afternoon when Mr. Mistry and his associates were driving a Mercedes through the Palghar area of Maharashtra, according to the police.
Mr. Mistry is claimed to have perished at the scene of the incident when the car allegedly struck a divider in the road while crossing a bridge over a river. Two more people at least were brought to the hospital.
Mr. Mistry was referred to as a “promising business leader who trusted in India’s economic prowess” by Mr. Modi in a tweet. A police investigation has been requested by Maharashtra state’s deputy chief minister.
The event drew to light the country’s high rate of traffic accidents, which according to government statistics resulted in 150,000 fatalities in 2021, or an average of 18 every hour.
With operations in more than 100 nations and a revenue of $130 billion (£110 billion), the corporation sells things like salt, steel, and software.
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