Cyrus Pallonji Mistry

Description: (Former Chairman of the Tata Group (2012 - 2016))

Cyrus Pallonji Mistry was an Irish entrepreneur with Indian roots who served as the Chairman of Tata Group—a major Indian business conglomerate—from 2012 to 2016. A longtime board member of Tata Sons, he was appointed the chairman of the company in 2012 as Ratan Tata’s successor. However his tenure in this leadership position was fraught with controversies and in October 2016, the board of Tata Sons voted to remove Mistry from the post of chairman. Mistry was born into a wealthy business Parsi family and his father was the head of Shapoorji Pallonji Group, a diversified multinational. After graduating in engineering, he got involved in the family-owned construction business. Under his leadership, the group's international construction business expanded its presence to more than ten countries. He oversaw the diversification of the company from just construction to designing and building complex projects in the marine, oil and gas, and rail sectors. Before entering the Tata Group, he served as the managing director of the Shapoorji Pallonji Group. At the Tata Group, he played a crucial role serving at various positions for Tata companies including Tata Industries, Tata Steel, Tata Chemicals and Tata Motors before his surprise ouster.

Overview

Birthday July 4, 1968 (Cancer)
Born In India
Alternative names Cyrus Mistry
Height 175 cm
City Mumbai, India
Spouse/Ex- Rohiqa Chagla
Parents Pallonji Mistry
Patsy Perin Dubash
Relatives Aloo, Laila, Shapoor Mistry

Did you know

What led to Cyrus Pallonji Mistry's removal as the Chairman of Tata Sons? Cyrus Mistry's removal as the Chairman of Tata Sons was attributed to a loss of confidence and trust between him and the Tata Sons board, primarily due to concerns over his leadership style and strategy.
How did Cyrus Pallonji Mistry's tenure impact the Tata Group's financial performance? During Cyrus Mistry's tenure as Chairman of Tata Sons, the financial performance of the Tata Group faced challenges, including significant write-downs and losses in various businesses.
What were some key strategic decisions made by Cyrus Pallonji Mistry during his time as Chairman of Tata Sons? Some key strategic decisions made by Cyrus Mistry included focusing on cost-cutting measures, restructuring underperforming businesses, and seeking to streamline the Tata Group's operations.
What legal actions were taken by Cyrus Pallonji Mistry following his removal as Chairman of Tata Sons? Following his removal as Chairman of Tata Sons, Cyrus Mistry initiated legal proceedings against Tata Sons and its board members, alleging oppression and mismanagement.
How did Cyrus Pallonji Mistry's tenure impact the relationship between the Tata Group and its stakeholders? Cyrus Mistry's tenure as Chairman of Tata Sons strained the relationship between the Tata Group and its stakeholders, leading to a period of uncertainty and conflict within the company.
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