MUMBAI, Sept 4 (Reuters) - Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said.
New Delhi: Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons but was later ousted in India's most high-profile boardroom coup, was killed in a car accident in Maharashtra's Palghar on Sunday, said police. He was 54. Mr Mistry was travelling from Gujarat's Udwada to Mumbai in a Mercedes car, it added.
Mistry owned an 18.4% stake in Tata Sons through his company, Cyrus Investments. In 2018, his net worth was about $10bn.'.
Mistry was married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist M.C. Chagla. Iqbal Chagla has strategized the course of action for Cyrus Mistry in the legal battle against The Tata Sons. The couple has two sons, Firoz Mistry and Zahan Mistry.
According to the police, the car, he was travelling in, was being driven by a well-known gynecologist from Mumbai. There were two other passengers in the car as well, the gynecologist's husband Darius Pandole and his brother Jahangir.
ET Now Digital. Former Tata Sons chairman Cyrus Mistry died in a road accident near Maharashtra's Palghar while returning from Ahmedabad on Sunday. Four people—Cyrus Mistry, Jahangir Dhinshaw Padole, Anahita Pandole and Darius Pandole—were in the Mercedes GLC car at the time of the accident.
As per corporate shareholdings filed for June 30, 2022, tata sons limited publicly holds 14 stocks with a net worth of over Rs. 1,083,249.9 Cr. These are shares held by tata sons limited as per the shareholding data filed with the exchanges.
Apple has more cash than market value of Tata and Reliance. In its second-quarter earnings released on Wednesday, Apple revealed it has $256 billion in cash, which is more than the combined market value of India's most valuable companies Tata Group and Reliance Industries.
Dr Anahita Pandole is the sister-in-law of the deceased Jehangir Pandole. Mistry was behind her in the back seat of the Mercedes car, and Jehangir Pandole was sitting next to him. Both men died of internal injuries. There were four people in the vehicle, of which two, including Mistry, died on the spot.
*Lesson for car riders*
Cyrus Mistry was sitting on the rear seat, the two people that survived were sitting in front with seat belts on.
There were four people in the vehicle, of which two, including Mistry, died on the spot. The other deceased person has been identified as Jahangir Binshah Pandole.
Those injured — identified as Anahita Pandole, a top doctor at Breach Candy Hospital, (who was driving the car) and Darius Pandole, the managing director and CEO of JM Financial Private Equity — have been shifted to a hospital. -
Airbags are of no use if seat belt is not strapped....that is the first line of defence...Air bag is the second line of defence only if the first is complied
All the cars have rear seat belts as per government regulation, but very few people use them, it is an illusion that the rear is very safe.
During the time of crash the person behind is sometimes thrown at a force of 40G (40 times the gravity, which means the person weighing 80kgs will be like 3200kgs).
If the front passenger is wearing seat belt and rear passenger is not, during the time of crash the front passenger is likely to be severely injured or killed due to the rear passenger falling with a weight of an elephant.
Totally surprised to hear this. Guys - We are paying for seat belts - why not use them and be safe.
Pl forward to our friends and loved ones, it can save their life.
we must create a campaign to use rear seat belts
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