Cyrus Mistry

His passing is the latest blow for the Mistry family after a feud with the Tata clan.

Pallonji Mistry had accumulated a net worth of almost $29 billion at the time of his death, according to the Bloomberg Billionaires Index, making him one of the richest men in India. His shock ouster in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India’s most storied corporate clans. Their Shapoorji Pallonji Group was founded in 1865 and built luxury hotels, stadiums, palaces and factories across Asia, including the tower wing of the iconic Taj Mahal hotel in Mumbai. The car Mistry was in hit a divider on a bridge in Palghar at about 2:30 p.m. But the Mistrys were most recently known for a feud with the Tata Group. The news is the latest blow for the Mistry family, whose patriarch Pallonji Mistry—Cyrus’s father—died in June at the age of 93.

The death of Cyrus Mistry is a big loss for the business world, the Indian prime minister says.

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Top industrialist and head of the Shapoorji Pallonji Group, former Tata Sons Chairman Cyrus P Mistry (54), was killed in a road accident near Palghar ...

[PGurus App](https://play.google.com/store/apps/details?id=com.bilwg.pgurus&hl=en_IN&gl=US). There were four people in the car out of which two, including Mistry, succumbed instantly to injuries in the road crash which left the vehicle badly damaged. According to police officials, Mistry was travelling from Ahmedabad to Mumbai when his car hit a road divider on River Surya near Charoti.

Politicians and business leaders react with shock to 54-year-old's death on bridge in Maharashtra state.

Tata Consultancy Services (TCS), in which Tata Sons owns a majority stake, said it was mourning its former chairman’s untimely death. “He was a warm, friendly and congenial person who built a strong relationship with the TCS family during his time as the chairman of the company,” it said in a statement. He challenged the board’s decision, but India’s top court upheld his dismissal. If life had other plans for him, so be it, but life itself should not have been snatched away from him.” The car in which Mistry was travelling had rammed into a divider and he died at the scene, a senior Mumbai police official said. [Tata](https://www.theguardian.com/business/tata) Sons, the holding company of the $300bn salt-to-software Tata conglomerate, for five years until he was removed by the board in October 2016.

The death of Cyrus Mistry is a big loss for the business world, the Indian prime minister says.

In a tweet, Mr Modi called Mr Mistry a "promising business leader who believed in India's economic prowess". The vehicle is said to have hit a divider in the road, while crossing a bridge over a river, and Mr Mistry subsequently died at the crash scene. Mr Mistry and his companions were travelling in a Mercedes car through the Palghar district of Maharashtra when the accident happened on Sunday afternoon, police said.

Mistry, 54, who died on Sunday, was sacked from Tata Sons, the holding company of the $300b conglomerate, in 2016.

Its landmark projects include the Reserve Bank of India and the Oberoi Hotel in Mumbai and the blue-and-gold Al Alam palace for the Sultan of Oman. Mistry’s grandfather first bought shares in Tata Sons in the 1930s. Mistry was the sixth chairman of the Tata group, a conglomerate started more than 150 years ago, and the second not named Tata.