Former Tata chairman, Cyrus Mistry, dies in car crash.
The death of the wealthy former chairman of Tata, the largest conglomerate in India, has been referred to as a “big loss” for the business community by India’s prime minister.
On his way to Mumbai on Sunday, Cyrus Mistry was died in a car accident.
According to police in Maharashtra state in western India, two more passengers were hurt in addition to the one 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 mysterious boardroom takeover gave rise to a protracted legal dispute, which India’s highest court ultimately decided in Tata’s favor.
Mr. Mistry was travelling in a Mercedes with his friends when met with car accident.
Mr. Mistry reportedly died at the site of the incident after the car hit a divider in the road as it crossed a bridge over a river.
Two more people at least were brought to the hospital.
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.
As former Tata chairman, Cyrus Mistry, dies in car crash, Modi tweeted about Mr. Mistry as, “promising business leader who believed in India’s economic prowess”.
