Latest news with #CyrusMistry
India.com
5 days ago
- Business
- India.com
Who was Cyrus Mistry, a billionaire who clashed with Ratan Tata due to..., he was once chairman of...
Who was Cyrus Mistry, a billionaire who clashed with Ratan Tata due to..., he was once chairman of... Cyrus Mistry Birthday: When we talk about Tata Group, one name which comes in our minds is undoubtedly Ratan Tata. But there is also another man who shares bitter-sweet relationship with the Tata group. Love him or hate him you can't ignore him. The name is Cyrus Mistry who tragically died in a road accident on September 4 2022. Cyrus Mistry was the chairman of Tata Group company Tata Sons between 2012 and 2016. He was born on July 4 1968 in a Parsi family in Bombay (now Mumbai). He was the youngest son of Pallonji Mistry of Shapoorji Pallonji Mistry Group. His mother was an Irish woman. His father also later became a citizen of Ireland. Later Cyrus Mistry also took Irish citizenship. Apart from this, he was also a permanent citizen of India. Where did he study from? Cyrus Mistry did his early education from Mumbai. Later he went to London for higher education. After completing his studies, he started working in the family's Pallonji Group in the year 1991. In the year 1994, he became a director in the Shapoorji Pallonji Group. This group works in sectors ranging from clothing to real estate, hospitality, business automation, etc. Did you know… Cyrus Mistry joined Tata Sons in 2006. He was included in the board of Tata Sons. The reason for this was that his family group had the largest stake in Tata Sons. After 2010, Ratan Tata retired from Tata Group. In such a situation, after a lot of search, Cyrus Mistry was made his successor. In 2012, he became the chairman of Tata Sons. During that time when he was the chairman of the group, he also clashed with former group chairman Ratan Tata . However, he was later removed from this post. But he kept fighting for his rights till the end. Cyrus Mistry was also the MD of Shapoorji Pallonji Group. Shapoorji Pallonji Group has a major stake in Tata Sons. When Cyrus Mistry was removed from the Tata Group, he went to court against it. When he got the responsibility of Tata Group, he was the first person in the nearly 100-year history of Tata Group whose surname was not 'Tata' and yet he became the group chairman. The reason for this was his family's closeness with the Tata Group. Cyrus Mistry was accused of… It is said that Cyrus Mistry could not handle the legacy of Tata. During this time, Ratan Tata also had a tussle with Cyrus Mistry over the Tata Nano car. The result was that in 2016, Cyrus Mistry was removed from his post and Ratan Tata again became the interim chairman of Tata Group. Against this, Cyrus Mistry opened a front against Ratan Tata and Tata Group and the matter reached the Supreme Court. However, later the decision came in favor of Tata Group.
India.com
02-07-2025
- Business
- India.com
Meet India's richest woman whose net worth is Rs 770000000000, shares close relation with Ratan Tata, not Ananya Birla, Isha Ambani, Roshni Nadar; she is…, Noel Tata is her…
When we talk about the richest women in India, names such as Nita Ambani, Isha Ambani, Shloka Mehta, Radha Vembu , Ananya Birla, and Roshni Nadar Malhotra instantly come to mind. But several other influential and wealthy women deserve recognition for their family legacies, business acumen, or inheritance. In this article, we will talk about a woman who shared a close connection with Ratan Tata, has Rs 770000000000 net worth; Noel Tata is her… Who is Rohiqa Cyrus Mistry? Rohiqa Cyrus Mistry, the wife of the late Cyrus Mistry, is one of India ' s wealthiest women after a string of devastating familial losses. The husband of Rohiqa , Cyrus Mistry , the younger son of construction titan Pallonji Mistry , died in a car accident in September 2022 at the age of 54, and only weeks after Pallonji Mistry , Cyrus ' s father, passed away in June that year. Following the unexpected death of her husband, Rohiqa Mistry acquired his substantial ownership of the family businesses , including a major share in Tata Sons, the holding company for the Tata Group. Forbes reported that Rohiqa is now the second-richest woman in India with a net worth estimated at USD 9.3 billion ( ₨ 77,000 crore). Rohiqa joins only two other Indian women in the billionaire club as of 2023 . The richest woman in India , Savitri Jindal , has an estimated wealth of USD 17 billion. Cyrus Mistry , Rohiqa ' s late husband, was a known name in Indian business. He was the Chairman of Tata Sons , in office from 2012 until his removal in October 2016. He was appointed by celebrated industrialist and philanthropist Ratan Tata. Rohiqa is linked to Noel Tata, with his wife Aloo Mistry is Cyrus Mistry ' s sister. Despite his removal from the position of chairman, the Mistry family still holds 18.4% in Tata Sons through the Shapoorji Pallonji Group, which is one of the largest shareholders in Tata. This stake represents the most valuable asset of the Mistry family . Following Cyrus Mistry ' s ousting , the relationship between the Mistry family and Tata Sons rapidly became hostile , effectively closing the door on amicable conversations from ever taking place again , as the two are deeply embroiled in each other ' s claimed control in their differences going forward , including in potential legal battles . Regardless of their struggles , the Mistry family has retained a strong presence in the Tata Group ' s governance . Rohiqa B . and Cyrus were married for over three decades and had two sons, Zahan and Firoz Mistry. Rohiqa B . ' s family has an illustrious legal history : her brother, Riyaz Chagla, was appointed judge of the Bombay High Court in 2017, and her grandfather, MC Chagla, was a prominent legal figure and the Chief Justice of the Bombay High Court before he joined the cabinet of the Congress Government as a cabinet minister .
Economic Times
12-06-2025
- Business
- Economic Times
How Cyrus Mistry helped TCS unlock USD1 billion
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity Cyrus Mistry wanted TCS to tap into Tata Group's business. In FY14, the company made INR197.71 crore in revenue, including reimbursements, from Tata Group. By FY17, that amount had grown to INR2,400 crore. Here's how TCS worked its way deeper into Tata Group's business. Is Zomato under siege? Quick commerce may be the next telecom The aggressive expansion of Blinkit is FONT SIZE SAVE PRINT COMMENT Refer & Earn
Time of India
11-06-2025
- Business
- Time of India
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity Getty Images Cyrus Mistry (R) and N Chandrasekaran (L) during the TCS AGM in Mumbai in 2013. Synopsis Cyrus Mistry wanted TCS to tap into Tata Group's business. In FY14, the company made INR197.71 crore in revenue, including reimbursements, from Tata Group. By FY17, that amount had grown to INR2,400 crore. Here's how TCS worked its way deeper into Tata Group's business. By JOCHELLE MENDONCA 4 Mins Read, Jun 12, 2025, 05:00 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close For years, Tata Consultancy Services (TCS) – the crown jewel of the Tata Group – built its fortune servicing global giants. But quietly and steadily, its fortunes within the family have been rising too. Cyrus Mistry's tenure as the head of Tata Sons may have come to a contentious end, but a move he put in motion now yields close to USD1 billion of annual revenue. Mistry wanted TCS to tap into the Tata Group's vast internal ecosystem for more
Economic Times
11-06-2025
- Business
- Economic Times
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity
For years, Tata Consultancy Services (TCS) – the crown jewel of the Tata Group – built its fortune servicing global giants. But quietly and steadily, its fortunes within the family have been rising too. Cyrus Mistry's tenure as the head of Tata Sons may have come to a contentious end, but a move he put in motion now yields close to USD1 billion of annual revenue. Mistry wanted TCS to tap into the Tata Group's vast internal ecosystem for more
