Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="6356895" type="General" weightage="20" keywordseo="Cyrus-Mistry" source="Orion">Cyrus Mistry</keyword> was once liked by Rata <keyword id="8555" type="General" weightage="100" keywordseo="tata" source="Orion">Tata</keyword>, who called him astute and humble, and later anointed him as his successor in 2012.</li><li><keyword id="6391150" type="General" weightage="80" keywordseo="mistry" source="Orion">Mistry</keyword> went on to become the sixth <keyword id="6355725" type="General" weightage="80" keywordseo="tata-group" source="Orion">Tata Group</keyword> chairman, and only the second without a Tata surname.</li><li>However, Mistry’s ascension to the top of India’s biggest conglomerate was short-lived, with <keyword id="6360722" type="General" weightage="50" keywordseo="ratan-tata" source="Orion">Ratan Tata</keyword> himself ousting Mistry in a ‘palace coup’ in 2016.</li><li>Here’s a run down the memory lane of the history between the Mistrys and Tatas, India’s most prominent Parsi families.</li></ul>Cyrus Mistry’s untimely death in an accident near Mumbai has come as a shock to many, but it has also re-opened the saga of his prolonged battle with the Tata Group and Ratan Tata. Mistry was otherwise a very reclusive, private person, and not much is out in the public about his life. However, his battle with the Tata Group was as public and explosive as it could be, where he locked horns with Ratan Tata, the group’s managing trustee at the time, R Venkataramanan, and other senior officials. Mistry was the chairman of the Tata Group for four years, from 2012 to 2016. During his tenure as the chairman, Mistry is credited for turning around Tata Motors, but he seems to have ruffled feathers during his tenure. His reclusive nature meant he did not host a single press conference during his four years as the group chairman. But what could have gone so wrong that two of the most prominent Parsi families of the country ended up standing against each other, despite a partnership of over 90 years? <cmsannotation type="cmsannotation" annotationid="Tatas and Mistrys – how it all began" comment="subhead" text="Tatas and Mistrys – how it all began">Tatas and Mistrys – how it all began</cmsannotation> Tatas and Mistrys share nearly a century of relationship spanning over three generations. It all began in the 1930s when Shapoorji Pallonji acquired a 12.5% stake in Tata Sons – the owner of the Tata Group – from FE Dinshaw’s estate. The SP Group’s stake increased to 18.5% after a rights issue in 1996. Since then, the Pallonjis have remained quiet partners in the Tata Group. By some estimates, their investments amounted to just $11 million for the stake they have in the Tata Group, but the value of those investments has surged to several billion dollars over the years. Buffett who? <cmsannotation type="cmsannotation" annotationid="Who was Cyrus Mistry?" comment="subhead" text="Who was Cyrus Mistry?"><keyword id="14894773" type="General" weightage="20" keywordseo="Who-was-Cyrus-Mistry" source="Orion">Who was Cyrus Mistry</keyword>?</cmsannotation> Cyrus Mistry was the grandson of Shapoorji Pallonji and the son of Pallonji Mistry. He is survived by his wife and two children. Born in 1968, Mistry got a civil engineering degree from Imperial College London. He joined his family’s construction company, Shapoorji Pallonji &amp; Co., as a director in 1991. His connection with the Tata Group began in 2006, when he took up the mantle of a director a year after his father retired. He was subsequently elevated as the deputy chairman of the Tata Group. When Ratan Tata finally retired as the group chairman in 2012, Mistry replaced him and became the sixth chairman of the Tata Group – and only the second to not bear the Tata surname. <cmsannotation type="cmsannotation" annotationid="‘An appointment of convenience’, and not conviction?" comment="subhead" text="‘An appointment of convenience’, and not conviction?">‘An appointment of convenience’, and not conviction?</cmsannotation> Unlike Ratan Tata’s ascension to the throne as the head of the Tata Group, Mistry’s elevation was seen by some in the industry as an “appointment of convenience”, not conviction. Further lending credence to this thought is Ratan Tata’s eventual return as the Tata Group chairman in just four years. When Mistry entered his family business in 1991, Ratan Tata was elevated as the group chairman by his uncle, JRD Tata. Since then, the family patriarch has ruled over the group’s businesses. <cmsannotation type="cmsannotation" annotationid="How the Tata-Pallonji’s decades-long partnership broke down" comment="subhead" text="How the Tata-Pallonji’s decades-long partnership broke down">How the Tata-Pallonji’s decades-long partnership broke down</cmsannotation> Mistry, despite his reserved nature, pulled no punches when it came to steering the Tata Group’s future. He voiced his opposition to the group’s often expensive decisions – like the one to acquire Jaguar Land Rover, or rolling out Ratan Tata’s pet project, the ₹1 lakh Nano car. <div type="image" title="Ratan Tata Cyrus Mistry1" msid="94000761" hostid="261" sizebytes="84758" caption="&amp;lt;p&amp;gt;Ratan Tata and Cyrus Mistry&amp;lt;/p&amp;gt;"></div> Mistry also voiced his opposition to investing the cash sink that is the aviation business – Tata Sons eventually ended up acquiring a 51% stake in a $100 million venture, far above Mistry’s agreed promise of a 30% stake in a $30 million equity. Mistry’s ouster from the Tata Group has been called a ‘palace coup’ by many in the industry. His pushback against the Tatas and attempts to steer the group to a low-debt high-margin regime eventually led to his downfall. <cmsannotation type="cmsannotation" annotationid="An ugly, public spat" comment="subhead" text="An ugly, public spat">An ugly, public spat</cmsannotation> While Mistry liked to maintain a low profile, his spat with the Tata Group was as public as it could get. Eventually, Tatas’ relationship with Cyrus Mistry broke down so much so that Mistry was unceremoniously ousted as the chairman. This resulted in a legal tussle a few months later, going from the NCLT to the Supreme Court of India. India’s top court eventually ruled against Mistry, and dismissed a review petition filed by the SP Group earlier this year, thus bringing an end to the 6-year long ugly legal battle that frayed ties between India’s two most prominent Parsi families. SEE ALSO: <a href="https://www.businessinsider.in/business/news/modi-and-industry-leaders-express-condolences-on-cyrus-mistrys-death/articleshow/93986009.cms">Cyrus and I shared a laugh last month on a bench in London, says former strategy head of Tata Sons</a> <a href="https://www.businessinsider.in/thelife/personalities/life-and-times-of-cyrus-mistry-the-most-low-profile-man-with-the-most-high-profile-exit/articleshow/93986896.cms">Life and times of Cyrus Mistry – the most low profile man with the most high profile exit</a> <a href="https://www.businessinsider.in/thelife/personalities/news/remembering-cyrus-mistry-10-things-to-know-about-the-former-tata-sons-chairman/slidelist/93994782.cms">Remembering Cyrus Mistry: 10 things to know about the former Tata Sons chairman</a>

Cyrus Mistry vs Tata Group – decoding the battle of prestige between India’s most prominent Parsi families

<ul><li>In his four year tenure as a chairman, <keyword id="6356895" type="General" weightage="20" keywordseo="Cyrus-Mistry" source="Orion">Cyrus Mistry</keyword> was known to maintain a very low profile. </li><li>Cyrus <keyword id="6391150" type="General" weightage="100" keywordseo="mistry" source="Orion">Mistry</keyword>’s father Pallonji Mistry who passed away th<a href="https://www.businessinsider.in/thelife/personalities/news/pallonji-mistry-the-elusive-but-powerful-phantom-of-bombay-house/articleshow/92511725.cms">is June, was known as the Phantom of Bombay H</a>ouse. </li><li>In 2016, Cyrus Mistry was unceremoniously removed as the chairman without giving reasons and he was no more low profile. </li><li>Mistry called his removal from chairmanship ‘unique in history’.</li></ul>During his four-year tenure as the chairman of <keyword id="46894" type="General" weightage="80" keywordseo="tata-sons" source="Orion">Tata Sons</keyword>, Cyrus Mistry had earned a nickname – ‘the most low profile man with the most high profile job’. After all he came from a family, which is known to zealously protect its privacy. His father Pallonji Mistry who passed away th<a href="https://www.businessinsider.in/thelife/personalities/news/pallonji-mistry-the-elusive-but-powerful-phantom-of-bombay-house/articleshow/92511725.cms">is June, was known as the Phantom of Bombay H</a>ouse for the power he used to wield at the Tata group headquarters and was barely ever seen or heard. If the course ran smooth, Cyrus too would have remained so but in 2016, he was unceremoniously removed as the chairman without giving reasons and he was no more low profile. In a bitter boardroom coup, Mistry was asked to step down and when he refused, he was unceremoniously removed by the board of directors. Subsequently he was forced to step down from boards of other Tata companies too. His removal led to one of the ugliest battles that corporate India had ever seen. <cmsannotation type="cmsannotation" annotationid="‘Unique in history’" comment="subhead" text="‘Unique in history’">‘Unique in history’</cmsannotation> Mistry called his removal from chairmanship ‘unique in history’. In addition to questioning many business decisions saying that five companies of Tata group had writedowns that accounted to $18 billion; he also questioned the deal with Air Asia which is known to have made fraudulent transactions. “We managed to raise awareness among stakeholders of the challenges in governance and ethics in the group. These were tough messages that had to be sent for the long term interest of the group,” he told <a href="https://economictimes.indiatimes.com/opinion/interviews/i-have-a-lifetime-ahead-of-me-but-my-fight-continues-cyrus-mistry/articleshow/56073727.cms?from=mdr">ET in an interview right after he </a>was removed as the chairman. He had accused Ratan Tata of inappropriate intervention and Mistry was pushed to become a ‘lame duck chairman’. The case, as expected, went to court and after a string of shocking twists and turns, the Supreme Court passed an order for the Tata group, after which Mistry filed review petitions and they too were set aside by the country’s highest judicial authority. Mistry, however, never did believe it to be a short-term fight. “I have a lifetime ahead of me and my fight will go on,” he had said. If only, that were true. <cmsannotation type="cmsannotation" annotationid="Mistry’s Clementine mirror" comment="subhead" text="Mistry’s Clementine mirror">Mistry’s Clementine mirror</cmsannotation> Cyrus Mistry is survived by wife Rohiqa Mistry and two sons Firoz and Zahan. Rohiqa is the daughter of one of Mumbai’s famous lawyers Iqbal Chagla. The unusually quiet Mistry once spoke in an interview on the Tata website of her role in life. He called her a <a href="https://economictimes.indiatimes.com/magazines/panache/my-wife-does-not-hesitate-to-disagree-with-me-tata-groupscyrus-mistry/articleshow/54399682.cms?from=mdr">Clementine mirror who never shies</a> away from disagreeing with him. He compared her to Winston Churchill’s wife Clementine who had once famously pointed out the errors in the judgment of the war-time hero and Prime Minister of England during its darkest hours. Mistry’s elder brother Shapoor is the sole owner of the Shapoorji Pallonji group, which is known for its construction business in India and the Middle East. The group had also owned Eureka Forbes which was sold to a private equity fund in 2021. Mistry’s friend and NCP Sharad Pawar’s daughter Supriya Sule who is his friend, calls him an exceptionally hard-working person, who always puts his best foot forward. The golf loving Mistry too had admitted, during his tenure as Tata Sons chairman, that he has done a bad job of work life balance. However, immediately after his exit, the first thing he did even before he took the legal recourse, was to go on a holiday. <cmsannotation type="cmsannotation" annotationid="Timeline of events of Mistry-Tata case" comment="subhead" text="Timeline of events of Mistry-Tata case">Timeline of events of Mistry-Tata case</cmsannotation> 2011: Cyrus Mistry is appointed as the deputy chairman of Tata Sons. 2012: Cyrus Mistry takes over as the chairman of Tata Sons, as Ratan Tata becomes the chairman emeritus. 2016: Tata Sons removes Cyrus Mistry as the chairman and reinstates Ratan Tata as the interim chairman. Mistry companies move National Company Law Tribunal (NCLT) alleging oppression of minority shareholders and challenge his removal. 2017: Tata Sons names N Chandrasekhar as the chairman of Tata Sons. 2019: NCLT restores Mistry as the chairman of Tata Sons. 2020: Tata Sons challenges NCLT decision in the Supreme Court. SC stays NCLT decision. It also restrains Shapoorji Pallonji group from pledging its shares in Tata Sons. SC sets aside NCLT decision to reinstate Mistry as chairman of Tata Sons. 2022: SC rejects Mistry’s petition to review its earlier decision.

Life and times of Cyrus Mistry – the most low profile man with the most high profile exit

<ul><li>Captains of India Inc came out in droves to express shock over <keyword id="6356895" type="General" weightage="100" keywordseo="Cyrus-Mistry" source="Orion">Cyrus Mistry</keyword>’s death. </li><li>Prime Minister Narendra Modi says Mistry was a business leader who believed in India’s economic prowess.</li><li>Cyrus Mistry was a warm, friendly, and congenial person who built a strong relationship with the TCS family, said a statement by the company. </li><li>Maharashtra Deputy Chief Minister Devendra Fadnavis asks police to conduct a detailed investigation into the road accident that killed Cyrus Mistry.</li></ul>From disbelief to grief, the sudden death of Cyrus Mistry, the former boss of <keyword id="46894" type="General" weightage="20" keywordseo="tata-sons" source="Orion">Tata Sons</keyword>, evoked many reactions from people from all walks of life. Many from corporate India took to social networking platform Twitter to express their shock, while many of his friends contacted by BI said they were in a state of shock and could not comment on the matter. Prime Minister Narendra Modi in his tweet said: “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.” On a journey back from Ahmedabad, local sources in Palghar, said that a Mercedes with four people in it hit a divider and killed two people in the car instantly. One of them was Cyrus Mistry. <cmsannotation type="cmsannotation" annotationid="Cyrus was a warm, friendly, and congenial person: TCS" comment="subhead" text="Cyrus was a warm, friendly, and congenial person: TCS">Cyrus was a warm, friendly, and congenial person: TCS</cmsannotation> “Tata Consultancy Services mourns the untimely demise of our former chairman, Shri Cyrus Mistry. 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. We offer our deepest condolences and prayers to his family and friends in their time of loss,” said a statement by TCS. Finance MInister Nirmala Sitharaman said that his death had come as a shock. She said that he was committed to carrying forward and strengthening his business in infrastructure and infra projects. "He desired to keep contributing to India's economic progress. Condolences to his family and friends," the FM said on micro-blogging site Twitter. Mistry was the sixth chairman of the <keyword id="8555" type="General" weightage="20" keywordseo="tata" source="Orion">Tata</keyword> Sons board and only second from outside the Tata family. He was ousted in a boardroom coup in October 2016, following which he fought a bitter legal battle with Tata Sons. Mistry’s family holds 18.37% in Tata Sons. Even as the who’s who of the country expressed their shock and disbelief, Maharashtra’s Deputy Chief Minister Devendra Fadnavis asked the police to conduct a detailed investigation into the road accident that killed Cyrus Mistry. Congress leader Rahul Gandhi also took to Twitter and said: “Saddened by the tragic news of the sudden news of demise of former Chairman of Tata Sons, Cyrus Mistry. He was among the brightest business minds of the country, who made a significant contribution to India’s growth story.” Gandhi offered his condolences to Mistry’s friends, family and admirers. Despite his high profile legal battle with the Tata Sons board, Mistry had admirers undoubtedly. Harsh Goenka of the RPG Group also took to Twitter to say that he was shocked to hear of the news of his sudden demise. Calling him a friend, gentleman and a man of substance, Goenka said, “He was instrumental in creating the global construction giant Shapoorji Pallonji and ably led the Tata Group. Similarly, CP Gurnani of Tech Mahindra said that the industry had lost a “brilliant mind and a gentle soul”. Many others like Ashishkumar CHauhan of the National Stock Exchange and Road Transport Minister Nitin Gadkari express condolences. Professor Nirmalaya Kumar, former member of the Group Executive Council at Tata Sons, took to Twitter to say: “My dear friend, ex-boss and chairman of Tata Sons. Thank you for the life lessons. Inconsolable - We shared a laugh last month on a park bench in London. RIP.” He further said that Mistry had given him an opportunity that no one else would have and mentored him with patience.

Cyrus and I shared a laugh last month on a bench in London, says former strategy head of Tata Sons

<ol><li><keyword id="6356895" type="General" weightage="20" keywordseo="Cyrus-Mistry" source="Orion">Cyrus Mistry</keyword>, the former chairman of <keyword id="46894" type="General" weightage="50" keywordseo="tata-sons" source="Orion">Tata Sons</keyword>, was born in Mumbai on 4 July 1968. He was an Irish by nationality as his mother was Irish.</li><li>He was the second son of billionaire and construction magnate <keyword id="6689214" type="General" weightage="50" keywordseo="pallonji-mistry" source="Orion">Pallonji Mistry</keyword> and his elder brother is <keyword id="844645" type="General" weightage="50" keywordseo="shapoor-mistry" source="Orion">Shapoor Mistry</keyword>. Both his parents held Irish citizenship.</li><li><keyword id="6391150" type="General" weightage="100" keywordseo="mistry" source="Orion">Mistry</keyword> went to Cathedral &amp; John Connon School in Mumbai. He went to Imperial College in London and got a Bachelor of Engineering in civil engineering from University College London. </li><li>Pallonji Mistry died earlier this year in June. The Pallonji’s have had business interests in India for over 100 years. In the 1930s Mistry’s grandfather acquired a stake in Tata Sons. He also got a Masters degree in management from University of London. </li><li>The Mistry family has 18.37% in Tata Sons, which is the largest shareholding by a single entity.</li><li>Cyrus Mistry joined the Tata Sons board in 2006 after his father retired from it. He served as director on Tata Elxsi between 1990 and 2009 and was also a director on Tata Power board till 2006.</li><li>In 2013, Mistry was appointed chairman of Tata Sons and was also appointed chairman of several other Tata group companies. </li><li>Cyrus Mistry was married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist MC Chagla. It was his father in law that strategized his entire legal battle against Tata Sons. </li><li>Mistry has two sons – Firoz and Zahan Mistry.</li><li>Mistry was known to be a soft spoken and gentleman who believed he had to fight for his honour after he was evicted in an ugly boardroom battle.</li></ol>

10 things you need to know about Cyrus Mistry

Pelé, Vivienne Westwood, Cyrus Mistry, Pope Benedict XVI and more: Luminaries who passed away in 2022

Who were the other passengers in the <keyword id="6356895" type="General" weightage="50" keywordseo="cyrus-mistry" source="Orion">Cyrus Mistry</keyword> fatal crash? The other three were family friends -- the Pandoles. Former <keyword id="46894" type="General" weightage="50" keywordseo="tata-sons" source="Orion">Tata Sons</keyword> chairman Cyrus <keyword id="6391150" type="General" weightage="100" keywordseo="mistry" source="Orion">Mistry</keyword> on Sunday died in a road accident while he was returning from Gujarat's Udwada to Mumbai. The three other occupants in the car were -- brothers Darius and Jehangir <keyword id="2120987" type="General" weightage="80" keywordseo="pandole" source="Orion">Pandole</keyword>, and Darius Pandole's wife <keyword id="1155406" type="General" weightage="50" keywordseo="anahita-pandole" source="Orion">Anahita Pandole</keyword>. Darius Pandole was CEO &amp; MD of JM Financial Private Equity and earlier was on the board of Tata companies. They had visited the Iranshah Atash Behram at Udvada on Sunday morning. Cyrus Mistry and the Pandoles had been to Udwada, where Parsis have their main fire temple, to pray for the father of Pandole brothers, who died recently. The <keyword id="14897706" type="General" weightage="50" keywordseo="udwada-fire-temple" source="Orion">Udwada Fire Temple</keyword> was restored over the past few years at a very high cost, borne entirely by the Mistry family. It re-opened fully about a year ago. The car was being driven by Anahita Pandole, a renowned gynaecologist at Mumbai's Beach Candy hospital. Darius Pandole was on the front passenger seat. Both were seriously injured and admitted to the hospital. The Pandole family owned Duke's, a maker of soft drinks like Mangola. They had sold the business to Pepsi more than 20 years ago. Dinshaw Pandole sold the company -- the father of Darius and Jehangir Pandole. Dinshaw Pandole had died last week. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/after-a-volatile-week-expect-markets-to-remain-rangebound-says-arun-kejriwal/articleshow/93993910.cms">After a volatile week expect markets to remain rangebound says Arun Kejriwal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/cyrus-mistrys-sudden-death-puts-spotlight-on-sp-groups-18-4-holding-in-tata-son/articleshow/93993371.cms">Cyrus Mistry's sudden death puts spotlight on SP group's 18.4% holding in Tata Son</a>

Who were the other passengers in the ill-fated Mistry crash?

<ul><li>Pallonji was once believed to be India’s richest Parsi and probably one of the richest Irishmen too. </li><li>He was nicknamed The Phantom of <keyword id="275791" type="General" weightage="20" keywordseo="bombay-house" source="Orion">Bombay House</keyword> as he wielded a lot of power at the <keyword id="6355725" type="General" weightage="20" keywordseo="tata-group" source="Orion">Tata Group</keyword>’s headquarters at one point in time. </li><li>When Pallonji’s father Shapoorji was bankrolling Mughal-E-Azam, the younger Mistry was nervous about the ballooning budget, and advised his father against it.</li></ul>Very little is known about <keyword id="6689214" type="General" weightage="20" keywordseo="pallonji-mistry" source="Orion">Pallonji Mistry</keyword> who was the chairman emeritus of the <keyword id="261354" type="General" weightage="20" keywordseo="shapoorji-pallonji-group" source="Orion">Shapoorji Pallonji group</keyword> – but has been crowned one of the Moghuls of real estate. And why not? The unlisted company had built every iconic building of South Mumbai – be it the Taj Colaba or the Oberoi Hotel. Abroad, the company built the places of Oman’s king and the President of Ghana. In fact, their ability to build seems to be how they ended up as one of the biggest shareholders of the Tata Group. They had started accumulating shares during Pallonji Mistry’s father’s time when Shapoorji Pallonjigroup was building factories for Tata Steel and Tata Motors – and were paid for, in shares. The <keyword id="14307253" type="General" weightage="20" keywordseo="richest-irishman" source="Orion">richest Irishman</keyword>, the richest Parsi These shares in the rapidly expanding group are what made Pallonji a billionaire who is now worth around $28.9 billion according to<a href="https://www.bloomberg.com/billionaires/profiles/pallonji-mistry/#xj4y7vzkg"> the Bloomberg Billionaires index</a>, which makes him the 41st richest Indian. Most of his wealth comes from their 18.4% stake in Tata Sons – which they have decided to offload following a feud. While his own construction company has interests in India and the Middle East, he also owns the consumer goods company, Eureka Forbes — a name that most of India’s households heard when water purifiers became a thing. At one point in time, however, Pallonji was believed to be India’s richest Parsi and also counted among the richest Irishmen too. Pallonji had given up his Indian citizenship in 2003 as he was married to an Irish woman, Patsy Perin Dubash. He however continued to reside at his sea-facing bungalow in the uptown Walkeshwar area of Mumbai. The Phantom of Bombay House The reticent billionaire was also nicknamed The Phantom of Bombay House due to the power he had wielded over the Tata Group’s headquarters at one point in time – though he was not ever present. However, all his friends – be it Adi Godrej, the chairman of the Godrej Group, Deepak Parekh, the chairman of HDFC and others know him as a warm and caring person and a good host. But only a select few people have the privilege of knowing him. Coomi Kapoor’s book ‘<a href="https://indianexpress.com/article/books-and-literature/how-shapoorji-pallonji-jr-built-his-construction-empire-and-why-khojeste-mistree-is-a-religious-pop-star-among-the-parsis-7431872/">The Tatas, Freddie Mercury &amp; Other Bawas</a>' however has an interesting tidbit about him. When Pallonji’s father Shapoorji was bankrolling India’s biggest movie production, Mughal-E-Azam, the younger Mistry was nervous about the ballooning budget of the movie and the fact that it was being reshot. He tried to talk his father out of the ‘dead investments’, but the senior did not listen. However, the movie crashed all box office records of time – paying off his father’s penchant for perfection. Pallonji’s son Cyrus Mistry seems to have taken a leaf from it. After he became the chairman of the Tata Group – a similar discord over funding expensive businesses is what led to the famous Cyrus Mistry-Ratan Tata feud – which became one of India’s long-drawn corporate battles — leading to their decision to sell off their interest in Tata Sons, that’s been held for decades. With Pallonji’s death,<a href="https://www.businessinsider.in/thelife/personalities/news/cyrus-mistrys-father-pallonji-mistry-passes-away-at-93/articleshow/92509875.cms"> the phantom of Bombay House ha</a>s now literally exited the building and the business. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/cyrus-mistrys-father-pallonji-mistry-passes-away-at-93/articleshow/92509875.cms" style="">Cyrus Mistry's father, Pallonji Mistry passes away at 93</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/four-of-every-10-fiis-are-from-the-us-most-others-are-from-tax-havens/slidelist/92510427.cms" style="">Four of every 10 FIIs are from the US; most others are from tax havens</a>

Pallonji Mistry, the elusive but powerful phantom of Bombay House

Even as <keyword id="42747" type="CITY" weightage="40" keywordseo="Tata-Motors">Tata Motors</keyword> has been looking for a new CEO for four months, two senior executives of the company, who had a crucial role in launching the Zest and the Bolt models in the passenger vehicle division, have resigned. 
 
The company confirmed that Ankush Arora, senior vice-president (commercial), and S Jayaraman, a senior executive of the product planning team, quit Tata Motors. 
 As the firm has been steadily losing market share, these launches will be crucial to drive its growth prospects. The models are part of the business revival strategy, planned by late <keyword id="152660" type="PERSON" weightage="80" keywordseo="Karl-Slym">Karl Slym</keyword>, the managing director who passed away earlier this year. 
 
 
The company has, however, played down the incident and said that there is “nothing out of the ordinary” in the development. 
 "Tata Motors has, in fact, one of the lowest attrition rates in the industry," a spokesperson said in an e-mail statement. "As far as plans ahead are concerned, <keyword id="155776" type="PERSON" weightage="40" keywordseo="Ranjit-Yadav">Ranjit Yadav</keyword>, as the head of the passenger vehicle business, is directly involved in the launch of our new cars, supported by a strong sales &amp; marketing team. This is backed by the product planning and programme side, a strong team led by Tata Motors’ veteran Girish Wagh, for the last 16 months." 
 
The company has witnessed a number of changes in its management in the recent years. These resignations come at a time when the hunt for Slym's successor is still on. Just a few weeks before tendering his resignation, Arora had talked about overhauling the sales and marketing at Tata Motors. 
 A similar development had taken place just before the launch of <keyword id="28810" type="PERSON" weightage="40" keywordseo="Nano">Nano</keyword> in 2009 when Rajiv Dube, president of the Tata Motors passenger vehicle division, left the company. 
 In another development, Stefan Berger, who was working with the group chairman, <keyword id="6356895" type="PERSON" weightage="40" keywordseo="Cyrus-Mistry">Cyrus Mistry</keyword>, following Slym's death, also left he company for ‘personal’ reason. 
 
 
Some of the company's zonal managers have joined other firms while many others could be looking to move on, according to inside sources.

2 Senior Execs Of Tata Motors Quit

Top 10 youngest billionaires in the world in 2024

Equity benchmark indices rebounded in early trade on Thursday after falling in the previous two trading days, helped by foreign fund inflows and a largely positive trend in global markets. The 30-share <keyword id="53232" type="General" weightage="80" keywordseo="bse-sensex" source="Orion">BSE Sensex</keyword> climbed 550.73 points to 59,579.64. On similar lines, the broader NSE Nifty went higher by 156.1 points to 17,780.50. All the 30-share Sensex pack of firms were trading in the green in early trade, with Asian Paints, <keyword id="6355596" type="General" weightage="80" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword>, <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword>, <keyword id="6653" type="General" weightage="80" keywordseo="icici-bank" source="Orion">ICICI Bank</keyword>, Tech Mahindra, Infosys, Mahindra &amp; Mahindra and Bajaj Finance emerging as the biggest gainers. Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong quoted lower in mid-session deals. The US markets had ended significantly higher on Wednesday. The 30-share <keyword id="35140" type="General" weightage="80" keywordseo="bse" source="Orion">BSE</keyword> benchmark declined 168.08 points or 0.28 per cent to settle at 59,028.91 on Wednesday. The Nifty dipped 31.20 points or 0.18 per cent to 17,624.40. Meanwhile, the international oil benchmark Brent crude climbed 1.05 per cent to USD 88.92 per barrel. Foreign institutional investors (FIIs) were net buyers as they bought shares worth Rs 758.37 crore on Wednesday, as per exchange data. "After two days of a steady fall, local equity benchmark indices are likely to see a firm opening, mirroring gains in US markets and subsequent upmove in other Asian peers," said Prashanth Tapse - Research Analyst, Senior VP (Research), <keyword id="5457637" type="General" weightage="80" keywordseo="mehta-equities-ltd" source="Orion">Mehta Equities Ltd</keyword> in his pre-market opening comment. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indigo-shares-fall-over-4-as-co-founder-rakesh-gangwal-offloads-2000-cr-worth-stake/articleshow/94065345.cms">IndiGo shares fall over 4% as co-founder Rakesh Gangwal offloads ₹2,000 cr worth stake</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/cyrus-mistry-death-mercedes-sending-cars-electronic-control-module-to-germany-for-analysis-says-official/articleshow/94063831.cms">Cyrus Mistry death: Mercedes sending car's electronic control module to Germany for analysis, says official</a>

Sensex, Nifty in the green as crude prices soften

Last year, transport minister Nitin Gadkari said that road accidents are “more serious than the COVID-19 pandemic," and this is corroborated by the data compiled by the National Crime Records Bureau. Over 1.55 lakh lives were lost in road crashes across India just in 2021, says a recent report by the NCRB. So, every day 425 people lose their lives on Indian roads and the recent high-profile death of former Tata Sons chairman Cyrus Mistry has put the spotlight yet again on <keyword id="87280" type="General" weightage="20" keywordseo="road-safety" source="Orion">road safety</keyword>. <div type="image" title="Over 1.55 lakh lives were lost in road crashes across India just in 2021: NCRB" msid="94084328" hostid="261" caption="&amp;lt;p&amp;gt;Over 1.55 lakh lives were lost in road crashes across India just in 2021: NCRB&amp;lt;/p&amp;gt;"></div> The report said that during 2021, two-wheelers have contributed 44.5% of total road accidental deaths (69,240 deaths), followed by cars at 15.1% with 23,531 deaths and trucks or lorries had a 9.4% contribution (14,622 deaths). <div type="image" title="Road accident fatalities have gone up since 2020" msid="94084331" hostid="261" caption="&amp;lt;p&amp;gt;Road accident fatalities have gone up since 2020&amp;lt;/p&amp;gt;"></div> The report also highlighted that overspeeding remains the biggest cause of road accidents—contributing to 56% of the total road crash deaths (87,050 deaths), followed by dangerous or careless driving, contributing to 27.5% of total crash deaths (42,853 deaths). Most of these road accidents in India have happened on national highways. India accounts for about 2% of motor vehicles globally. Yet, it is the <a href="https://www.thehindubusinessline.com/news/india-accounts-for-11-per-cent-of-global-death-in-road-accidents-world-bank/article33834556.ece">home </a>to more than 11% of the world’s road traffic deaths. According to a <a href="https://www.hindustantimes.com/analysis/it-s-time-to-put-an-end-to-india-s-road-safety-crisis/story-FrTmaEoqfKC1EnoryY4nxN.html#:~:text=According%20to%20a%20United%20Nations,rate%20of%2043%20a%20day.">UN study</a>, India loses 3% of its GDP to road accidents by removing prime-age adults from the workforce. Despite the high number of fatalities, in India, people wearing seat belts is a rare sight. While rear seat belts have been mandatory under the Central Motor Vehicle Rules, most kaali peeli taxis don’t even have seat belts for passengers. <div type="image" title="Most kaali peeli taxis don’t even have seat belts for passengers" msid="94084343" hostid="261" caption="&amp;lt;p&amp;gt;Most kaali peeli taxis don&amp;#8217;t even have seat belts for passengers&amp;lt;/p&amp;gt;"></div> Rear seat belts prevent fatality According to the World Health Organisation, the use of rear seat belts can prevent fatality by 25% and injuries by 75%. <div type="image" title="Use of rear seat belts can prevent fatality by 25% and injuries by 75%: NCRB" msid="94084418" hostid="261" caption="&amp;lt;p&amp;gt;Use of rear seat belts can prevent fatality by 25% and injuries by 75%: NCRB&amp;lt;/p&amp;gt;"></div> Reports suggest that Mistry was seated in the back and was not wearing a seatbelt. Now, after Mistry’s demise has sent shockwaves across the country, Gadkari said that even chief ministers don’t follow safety rules. Some ministers even use a clip so that the alarm does not make any sound, said Gadkari, when there is no belt. After the incident, Gadkari also said that the ministry is now working towards making six airbags compulsory in all cars. It was not too long ago, just in February 2022 that the Indian <a href="https://timesofindia.indiatimes.com/auto/cars/govt-makes-three-point-seat-belts-mandatory-for-all-front-facing-passengers-in-car/articleshow/89501540.cms">government </a>had also made it mandatory for automakers to provide three-point seat belts for all front-facing passengers in a car, which is also applicable for the middle seat in the rear row of a car. It is also stated in the rules Motor Vehicles Act 138(3) that fastening seat belts is compulsory for passengers sitting in the front as well as the rear seats. However, India fails to follow the law of its land. As per a 2019 report by SaveLIFE Foundation, less than 1% of people in India use rear seat belts. 37.8% of all the people surveyed didn’t even know that any such legal compulsion existed. While 23.9% of people didn’t even know that rear seat belts existed. The centre has also made it compulsory for all cars to have six airbags across from October 1. After losing his ‘good friend,’ minister Gadkari said that all cars exported out of India have 6 airbags and asked then why Indian cars have only four airbags. What India can learn from other countries In 1997, Sweden adopted a ‘Vision Zero’ policy based on the idea that “no loss of life was acceptable.” The policy did not focus on changing human behaviour, the emphasis was on designing a better system of roads and other infrastructure, vehicle technology and enforcement. On the other hand, Singapore uses advanced warning lights that alert drivers about the upcoming signal and vehicle speed. <a href="https://www.forbes.com/sites/peterlyon/2020/08/27/frightening-consequences-for-drink-drivers-in-japan/">Japan </a>also has a strict policy for drunken drivers. It has a zero percent blood-alcohol level standard for drivers and individuals caught driving under the influence can face imprisonment for up to 15 years. In Switzerland, passengers travelling in the same car as a drunk driver are also considered liable and can lose their own licenses. Apart from strictly enforcing speed limits and other road regulations, Norway has found a unique approach to reduce its fatalities. It has made it mandatory for drivers to always have their headlights on while driving. Safety measures taken by automakers From installing airbags and adding stringent seatbelt alarms to running awareness campaigns, automakers have been trying to up safety for India’s car passengers. Maruti, Hyundai and Tata Motors offer six airbags across some models. Luxury car companies like Mercedes-Benz, Audi and Volvo are also offering six airbags and the number increases on the higher-end models. Safety rules you must follow To stay safe, one must <a href="https://highwaypolice.maharashtra.gov.in/en/road-safety-guideline/#:~:text=Always%20obey%20Road%20safety%20rules,as%20markets%20and%20residential%20areas.">obey </a><keyword id="1501776" type="General" weightage="20" keywordseo="road-safety-rules" source="Orion">road safety rules</keyword> and regulations of India. <ul><li>Look for the traffic signs before you cross signals. </li><li>Drive within the speed limits prescribed. Ideally one should drive at approximately not more than 30 kmph near busy places such as markets and residential areas.</li><li>Keep vehicle oiled and serviced. A sudden breakdown of the vehicle on the road can cause hardships not only to you but also to fellow drivers and traffic personnel. </li><li>Stop or slow down your vehicle and allow the pedestrians to crossroads at unmanned/signalled Zebra crossings.</li><li>Always wear seat belts while driving four-wheelers.</li><li>Avoid rash or negligent driving.</li><li>Do not drink and drive.</li><li>Avoid using mobile phones while driving. In case of an urgent call, park the vehicle to the side of the road and put the brake lights on, and allow other motorists to pass by. </li><li>Turn the brake lights ON before stopping so that the vehicles behind can avoid a collision.</li></ul>Here's a small video <div type="image" title="All you need to know about India’s rules for road safety" msid="94084511" hostid="261" sizebytes="1771684" caption="&amp;lt;p&amp;gt;All you need to know about India’s rules for road safety&amp;lt;/p&amp;gt;"></div>Before we let you go, here's what we want you to know- Business Insider India brings you SaaS Scions, a 6-part video series chronicling Indian SaaS scions - SaaS leaders who have come to define this sector in India. And now for the world. <div type="image" title="Business Insider India brings you SaaS Scions" msid="94084538" hostid="261" caption="&amp;lt;p&amp;gt;Business Insider India brings you SaaS Scions&amp;lt;/p&amp;gt;"></div>

You Searched For "Cyrus Mistry death" and got 11 results

Cyrus Mistry vs Tata Group – decoding the battle of prestige between India’s most prominent Parsi families

Rounak Jain

Life and times of Cyrus Mistry – the most low profile man with the most high profile exit

Katya Naidu

Cyrus and I shared a laugh last month on a bench in London, says former strategy head of Tata Sons

Malini Bhupta

10 things you need to know about Cyrus Mistry

BI India Bureau

Pelé, Vivienne Westwood, Cyrus Mistry, Pope Benedict XVI and more: Luminaries who passed away in 2022

Eetika Kapoor

Who were the other passengers in the ill-fated Mistry crash?

IANS

Pallonji Mistry, the elusive but powerful phantom of Bombay House

Katya Naidu

2 Senior Execs Of Tata Motors Quit

BI India Bureau

Top 10 youngest billionaires in the world in 2024

BI India Bureau

Sensex, Nifty in the green as crude prices soften

PTI

SIMPLY PUT: All you need to know about India’s rules for road safety

Popular Keywords

Buying Guides