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Cyrus Mistry, Billionaire Former Tata Chairman Killed In Car Crash

Victim
September 4, 2022

The 54-year-old billionaire was travelling with three others from Gujarat to Mumbai.

Cyrus Mistry, the former head of Tata Sons, was killed in a car crash on Sunday afternoon. 

 

The 54-year-old billionaire was travelling with three others from Gujarat to Mumbai.

 

One other person was killed and two more passengers were injured, police in India's western Maharastra state said. 

 

India's prime minister has described the death of the billionaire former chairman of Tata, the country's largest conglomerate, as a "big loss" for the business world, BBC reports.

 

Mistry was ousted as Tata chairman in 2016, following criticism of his performance.

 

He was replaced by Ratan Tata - the man who Mr Mistry had himself replaced just four years earlier.

His removal as chairman of the company sparked a long-running legal battle in which India's top court eventually ruled in Tata's favour.

 

The company operates in more than 100 countries - offering products including salt, steel and software - and had a revenue of $130 billion (£110 billion) last year.

 

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.

 

The vehicle is said to hit a divider in the road, while crossing a bridge over a river, and Mr Mistry subsequently died at the crash scene.

 

At least two others were taken to hospital.

 

In a tweet, Mr Modi called Mr Mistry a "promising business leader who believed in India's economic prowess".

 

The deputy chief minister of Maharashtra state has ordered a police investigation.