Cyrus Pallonji Mistry

About Cyrus Pallonji Mistry

Who is it?: Ex Chairman of Tata Group
Birth Day: July 04, 1966
Birth Place: Irish
Birth Sign: Leo
Residence: Malabar Hill South Mumbai, India
Citizenship: Ireland
Alma mater: Cathedral & John Connon School Imperial College London London Business School
Occupation: Former chairman of Tata Group
Spouse(s): Rohiqa
Children: 2
Parent(s): Pallonji Mistry Patsy Perin Dubash
Relatives: Noel Tata (brother-in-law)

Cyrus Pallonji Mistry Net Worth

Cyrus Pallonji Mistry was bornon July 04, 1966 in Irish, is Ex Chairman of Tata Group. Cyrus Pallonji Mistry is 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.
Cyrus Pallonji Mistry is a member of Business People

💰 Net worth: $14.1 Billion

Some Cyrus Pallonji Mistry images

Biography/Timeline

1930

The Pallonji family have been active in Business for over a century, and it was in the 1930s that Mistry's grandfather, Shapoorji Mistry, first acquired a stake in Tata Sons. The stake, which now stand at 18.5%, is presently held by Mistry's Father, and comprises the largest block of shares held by a single party; some 66% stake in Tata Sons is controlled by charitable trusts set up by the family. Mistry thus grew up in affluent circumstances. He studied at the prestigious Cathedral & John Connon School in South Mumbai, and then moved to London to study at Imperial College for a B.Sc. degree in civil engineering. He then went on to take an M.Sc. in management from the London Business School.

2006

Mistry has been managing Director of Shapoorji Pallonji & Company, which is part of the Shapoorji Pallonji Group. He joined the board of Tata Sons on 1 September 2006, a year after his Father retired from it. He served as a Director of Tata Elxsi Limited, from 24 September 1990 to 26 October 2009 and was a Director of Tata Power Co. Ltd until 18 September 2006.

2012

In 2012, Mistry was appointed as the chairman of Tata Sons. In addition, he was also chairman of all major Tata companies including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Teleservices, Indian Hotels, Tata Global Beverages and Tata Chemicals.

2013

In a 2013 article, The Economist categorized him as "the most important industrialist in both" India & Britain.

2016

The Tata Sons Board voted to remove Mistry from the Chairmanship of Tata Sons on 24 October 2016.