Cyrus Pallonji Mistry

Cyrus Pallonji Mistry

Cyrus Pallonji Mistry, 44, formally took over the reins of the $100 billion Tata Sons on Friday, December 28, 2012. Tata Sons is the holding company for all the diversified Tata group firms, which have interest in the software, automobile, steel, hospitality and retail sectors.

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Cyrus Pallonji Mistry (born 4 July 1968) is a businessman who became chairman of Tata Group, an Indian business conglomerate, on 28 December 2012. He is the sixth chairman of the group .The Economist has described him as “the most important industrialist” in both India and Britain.

Mistry was born to a Parsi family in Mumbai and studied at the Cathedral & John Connon School.  He graduated from Imperial College, London with a B.Sc. degree in civil engineering and went on to graduate as a Master of Science in management from the London Business School. He is a fellow of the Institution of Civil Engineers. Cyrus Mistry is the youngest son of Pallonji Mistry, a construction tycoon. Mistry is married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and the granddaughter of renowned jurist M.C. Chagla. Together, Mistry and his wife have two sons. Mistry is an Irish citizen, and a permanent resident of India.

Pallonji Shapoorji Mistry (born 1929) is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$16.3 billion as of November 2015. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India’s largest private conglomerate Tata Group. The Mistrys have a huge construction company, Shapoorji Pallonji.  Shapoorji, the group patriarch and Pallonji’s father, built some of Mumbai’s landmarks around the Fort area – the Hong Kong & Shanghai Bank, the Grindlays Bank, the Standard Chartered Bank, the State Bank of India and the Reserve Bank of India buildings.

Within the Tata Group he is known as the Phantom of Bombay House for the quiet but assured way he commands power around the south Mumbai headquarters of the Tata empire. Mistry also owns a 10,000-square-foot (930 m2) home in Pun He is also the Chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies.

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.

In 2012, Mistry was appointed as the chairman of Tata Sons. In addition, he is 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. He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of Trade and Industry.

 

** Update Feb 2017 –  Cyrus Mistry voted out as director of Tata Sons

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