Cyrus Mistry's Net Worth

What Was Cyrus Mistry’s Net Worth At The Time Of His Death?

Pallonji Shapoorji Mistry, born in India on June 1, 1929, and died in Dublin, Ireland, on June 28, 2022, was an Irish construction magnate worth an estimated $2.5 billion. He presided over the Shapoorji Pallonji Group and was a significant investor in the Tata Group, India’s largest privately held business empire. He was a billionaire or at least a very wealthy person.

Cyrus Mistry: Who Was He?

Cyrus Mistry previously led the TATA Group as Chairman. On July 4, 1968, he was brought into this world. On September 4, 2022, he was killed in an automobile accident and passed away. He was wed to Rohiqa Chagla, and the couple has two sons together (Firoz Mistry and Zahan Mistry). He held an 18% share in Tata Sons throughout his time there.

Tata Sons

Most of the shares in the firms that make up the Tata group are owned by Tata Sons Private Limited, which serves as the holding company for the Tata Group. The Tata name and the Tata trademarks are both registered in India as well as in several other countries, and Tata Sons are the company that owns both of them. It is one of the essential business conglomerates in the South Asian region.

Tata Group

The Tata group is a multinational corporation with its main office in India. The company operates in more than one hundred countries and employs more than seven hundred fifty thousand people. Tata Motors, Tata Steel, Tata Capital, and Tata Chemicals are all part of the group of enterprises that make up Tata.

Cyrus Mistry’s Career

In 1991, Cyrus Mistry started working at the Shapoorji Pallonji & Co construction company, which was created by his father and is a family business. He also took over as head of this building company. He has made this company into one of India’s best construction firms. He was also called “the most important industrialist in India and Britain” by The Economist.

After his father retired from the well-known company Tata Sons in September 2006, he joined the company’s board of directors. Because of what his father did for the Tata sons, he gets this job. In 2013, he became the chairman of tata sons after being chosen by the board of members of tata sons.

He is also the director of many other big companies in India, such as Cyrus Investments Ltd, Buildabazaar Technologies (India), Samalpatti Power Co. Pvt. Ltd, and many others. This list shows how interested he is in business and corporations. As the chain man for the Shapoorji Pallonji Group, he has worked on many significant building projects, such as factories, bridges, and other buildings.

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Cyrus Mistry’s Education

In 1991, Cyrus Mistry started working at the Shapoorji Pallonji & Co construction company, which was created by his father and is a family business. He also took over as head of this building company. He has made this company into one of India’s best construction firms. He was also called “the most important industrialist in India and Britain” by The Economist.

After his father retired from the well-known company Tata Sons in September 2006, he joined the company’s board of directors. Because of what his father did for the Tata sons, he gets this job. In 2013, he became the chairman of tata sons after being chosen by the board of members of tata sons.

Cyrus Mistry’s Net Worth

He is also the director of many other big companies in India, such as Cyrus Investments Ltd, Buildabazaar Technologies (India), Samalpatti Power Co. Pvt. Ltd, and many others. This list shows how interested he is in business and corporations. As the chain man for the Shapoorji Pallonji Group, he has worked on many significant building projects, such as factories, bridges, and other buildings.

Cyrus Mistry’s Net Worth

Over the years, Cyrus Mistry has done well in many different businesses. In 2022, he will likely have a net worth of $15 billion. Over the years, his hard work in the companies has given him this much money. One reason for this net worth is that he has held essential jobs in large companies like Tata Sons. He is in charge of running his business, Shapoorji Pallonji & Co. It is one of the best construction companies in India, and the industry brings in a reasonable amount of money.

Cyrus Mistry’s Issue

In 2016, the board of directors of Tata Sons voted to remove Mistry from his position as chairman of the company, although they allowed him to step down voluntarily. The company’s previous chairman, Ratan Tata, was brought back as the interim chairman, and a few months later, Natarajan Chandrasekaran was appointed as the new chair.

However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) decided that the nomination of Chandrasekaran as executive chairman was unconstitutional and reinstated Mistry in his position. On the other hand, the order of the NCLAT was stayed by the Supreme Court on January 10, 2020. Mistry has presented the court with a cross-appeal in which he requests explanations for irregularities found in the NCLAT.

Death

On September 4, 2022, he died in a car accident near Mumbai. When the Mercedes GLC car hit the wall, Mistry was reportedly in the back seat without a seat belt. Police in India’s western Maharastra state said that one more person, Jahangir Dhinshaw Padole, was killed, and two more people were hurt.

Dr. Anahita Pandole was driving the Mercedes car at the time of the accident. Her husband, Darius Pandora, was sitting in the front passenger seat. Mistry and Jehangir died instantly in the accident. Dr. Anahita and Darius are both badly hurt, and they are both in the hospital getting better.

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