Cyrus Mistry (full name : Cyrus Pallonji Mistry) took birth in a Parsi family on 4 July 1968 and is the younger son of Indian billionaire Pallonji Mistry. Looking at the way Parsis live, Cyrus himself is a very kind, simple and approachable business icon. He is the perfect example of ego less conduct – it is easy to assume that even after achieving much success, he is a very humble and ordinary man in real life.
In 2012, he was appointed as the sixth chairman of Tata Sons. From 24th Sep 1990 to 26th October 2009, Mistry was the Director of Tata Elxsi Ltd. In 1991 he entered the family business and became the Managing Director of Shapoorji Pallonji & Company. Later when his father retired from Tata Sons, he joined it as board member of Tata Sons in the year 2006. Firm Shapoorji Pallonji Group holds 18% stake of Tata Sons and some 66% of the stake has been controlled by the charitable trust of Tata sons. He has also handled the position of Director of all major Tata Companies including Tata Consultancy Services, Tata Chemicals, Indian Hotels, Tata Steel, Tata Power, Tata Motors, and Tata Global Beverages etc. Read News on Tata.
Mistry completed his schooling from one of the top most prestigious schools of South Mumbai, Cathedral & John Connon School. Then for his higher studies, he moved to London and completed his B.Sc. degree in Civil engineering from Imperial College. Mistry earned his Master degree in Management from the London Business School. Read Tata CliQ Review.
Mistry’s father Pallonji Mistry and mother Patsy Perin Dubash, both belong to the Zoroastrian creed. He has 3 siblings – elder brother Shapoor Mistry and two sisters Aloo and Laila. Rohiqa Chagla is the wife of Cyrus Mistry; she is the daughter of lawyer Iqbal Chagla. The couple lives at Malabar Hills, South Mumbai and have two sons Firoz Mistry and Zahan Mistry. Cyrus’ love for food is indescribable and his favourite holiday destination is Europe. Besides all this, football, cricket and golf are his favourite sports. He is very fond of books and cars, especially SUV’s and is often described as very down to earth and soft spoken. His net worth is approximately US$ 16.9 billion.
On 24th October 2016, the Tata Son Board voted against Mistry and had him removed from the top most position of the Chairmanship in Tata Group. Although no specific reason has been given for a sudden change in the leadership but it is believed that Tata Sons were not happy with Mistry’s approach towards non-profit businesses. Read more Business News.