https://en.bharatpedia.org/w/api.php?action=feedcontributions&feedformat=atom&user=2405%3A201%3A400A%3A8836%3A2DD2%3A8495%3A8421%3AC93EBharatpedia - User contributions [en]2026-08-16T18:54:56ZUser contributionsMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Cyrus_Mistry&diff=351869Cyrus Mistry2022-09-07T05:01:36Z<p>2405:201:400A:8836:2DD2:8495:8421:C93E: </p>
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<div>{{short description|Irish businessman}}<br />
{{for|the Indian writer|Cyrus Mistry (writer)}}<br />
{{EngvarB|date=January 2016}}<br />
{{Use dmy dates|date=April 2020}}<br />
{{Infobox person<br />
| name = Cyrus Mistry<br />
| image = RakeshwarPandey Pic.jpg<br />
| alt = Cyrus Mistry<br />
| image caption = Cyrus Mistry with [[Rakeshwar Pandey]]<br />
| birth_name = Cyrus Pallonji Mistry<br />
| birth_date = {{Birth date and age|df=yes|1968|07|04}}<br />
| birth_place = [[Bombay]], Maharashtra, India<br />
| death_date = <!-- {{Death date and age|YYYY|MM|DD|YYYY|MM|DD|df=y}} (death date then birth date) --><br />
| death_place = <br />
| nationality = <br />
| citizenship = [[Irish nationality law|Ireland]]<ref name=TOI /><br />
| alma_mater = [[Imperial College London]], [[University of London]]<br>[[London Business School]]<br />
| occupation = Businessman<br />
| parents = [[Pallonji Mistry]] (father)<br />
| relations = [[Noel Tata]] (brother-in-law)<br />
}}<br />
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'''Cyrus Pallonji Mistry''' (born 4 July 1968) is an Irish businessman of Indian origin. He died in a road accident in Maharashtra's Palghar on 4 September 2022.<ref>{{cite news | title = Ex-Tata Sons chairman Cyrus Mistry dies in road mishap | date = 4 September 2022 | url =https://www.connectedtoindia.com/ex-tata-sons-chairman-cyrus-mistry-dies-in-road-mishap-10238.html | work = [[Connected to India]] | access-date = 4 September 2022}}</ref> He was the chairman of [[Tata Group]], an Indian business conglomerate, from 2012 to 2016.<ref>{{cite news | title = Cyrus P Mistry to take over from Ratan Tata as Chairman of Tata Group in December 2012 | date = 23 November 2011 | url =http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/cyrus-p-mistry-to-take-over-from-ratan-tata-as-chairman-of-tata-group-in-december-2012/articleshow/10843951.cms| work = [[The Economic Times]] | access-date = 24 November 2011}}</ref><ref>{{cite news | title = Cyrus Mistry takes over the position of chairman for Tata Sons in December 2012 | date = 26 November 2011 | url =http://www.amritt.com/Cyrus-Mistry-takes-over-the-position-of-chairman-for-Tata-Sons-in-December-2012.html }}</ref> He was the sixth chairman of the group, and only the second (after [[Nowroji Saklatwala]]) to not bear the surname ''Tata.''<ref name=CNBC/> In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December the same year. In October 2016, the board of Tata Group's holding company, [[Tata Sons]], voted to remove Mistry from the post of chairman after offering him an opportunity to resign voluntarily.<ref>{{Cite web|url=https://www.businesstoday.in/current/corporate/how-ratan-tatas-blue-eyed-boy-cyrus-mistry-turned-his-rival-nclat-order-supreme-court-sc-stay/story/393559.html|title=How Ratan Tata's blue-eyed boy Cyrus Mistry turned his rival|website=businesstoday.in|access-date=21 February 2020}}</ref> Former chairman [[Ratan Tata]] then returned as interim chairman, and [[Natarajan Chandrasekaran]] was named as the new chairman a few months later.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/business/india-business/n-chandrasekaran-ceo-and-md-of-tata-consultancy-services-is-new-chairman-of-tata-sons/articleshow/56501228.cms|title=N Chandrasekaran, CEO and MD of Tata Consultancy Services, is new Chairman of Tata Sons|newspaper=The Times of India|access-date=17 January 2017}}</ref> However, in December 2019, the [[National Company Law Appellate Tribunal]] (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-vs-mistry-supreme-court-stays-nclat-order-favouring-cyrus-mistry/articleshow/73184138.cms?|title=Tata vs Mistry: Supreme Court stays NCLAT order favouring Cyrus Mistry|last=Rautray|first=Samanwaya|date=11 January 2020|work=The Economic Times|access-date=22 January 2020}}</ref> Mistry has filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.<ref>{{Cite web|url=https://www.bloombergquint.com/business/tata-mistry-case-cyrus-mistry-files-appeal-in-supreme-court-seeking-more-relief-from-nclat|title=Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT|website=BloombergQuint|access-date=21 February 2020}}</ref>However the [[Supreme Court of India|Supreme Court]] upheld his dismissal.<ref>{{cite web | url=https://timesofindia.indiatimes.com/business/india-business/tatas-making-cyrus-chairman-wrong-decision-of-lifetime-sc/articleshow/81715818.cms | title=Tatas making Cyrus chairman wrong decision of lifetime:Supreme Court | accessdate=31 March 2021}}</ref><br />
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He owns an 18.4% stake in [[Tata Sons]], through his company, Cyrus Investments Pvt. Ltd.<ref>{{cite news |title=Cyrus Investments seeks representation on Tata Sons board |url=https://www.livemint.com/Companies/JYE6rRkgp1RuVI4gEnZmzI/Cyrus-Investments-seeks-representation-on-Tata-Sons-board.html |access-date=1 November 2018 |publisher=Live Mint |date=1 November 2018}}</ref> In 2018, his net worth was approximately $10&nbsp;billion.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/cyrus-shapoor-mistry-debut-in-rich-list-mukesh-ambani-retains-top-spot-118092501277_1.html|title=Cyrus, Shapoor Mistry debut in rich list; Mukesh Ambani retains top spot|last=Pinto|first=Viveat Susan|date=26 September 2018|work=Business Standard India|access-date=1 June 2019}}</ref> He was a member of the [[National Integration Council]].<br />
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==Early life==<br />
Mistry was born to a [[Parsi]] family in [[Bombay]] (now Mumbai), [[Maharashtra]], the younger son of Indian billionaire and construction magnate [[Pallonji Mistry]] by his wife Patsy Perin Dubash.<ref name = "Casey"/><ref>{{cite news|url=https://www.reuters.com/article/india-tata-chairman-idUSL4E7MN1W220111123|title=Global search for Tata chairman ends close to home|date=23 November 2011|agency=Reuters|access-date=24 November 2011|first=Tony|last=Munroe}}</ref> Both his parents belong to the [[Zoroastrian]] faith and have roots in India. However, Mistry's mother was born in Ireland, and his father chose to take up Irish citizenship. Mistry has an elder brother, Shapoor Mistry, who is also an Irish citizen, and is married to Behroze Sethna, the daughter of Parsi lawyer Rusi Sethna. Mistry also has two sisters, Laila and Aloo. Laila is married to Rustom Jehangir, a London-based portfolio fund manager.<ref name=WSJ/><ref name=IBN/><ref name=NDTV>{{cite news | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = http://www.ndtv.com/article/people/who-is-cyrus-mistry-152527 | publisher = [[NDTV]] | access-date = 24 November 2011}}</ref> Aloo is married to [[Noel Tata]], the half-Parsi, half-Catholic half-brother of [[Ratan Tata]].<br />
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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 stands at 18.5%, is presently held by Mistry's father, and comprises the largest block of shares held by a single party;<ref name=CNBC>{{cite news | title = Cyrus Mistry, a Tata in all but name | date = 23 November 2011 | agency = [[Reuters]]| publisher = [[CNBC-TV18]] | url = http://www.moneycontrol.com/news/business/cyrus-mistrytataallname_623245.html | access-date = 24 November 2011}}</ref> some 66% stake in Tata Sons is controlled by charitable trusts set up by the family. Mistry grew up in affluent circumstances. He studied at the prestigious [[Cathedral and John Connon School|Cathedral & John Connon School]] in [[South Mumbai]].<ref>{{cite news | title= Cyrus P Mistry: Tata Sons' deputy chairman a reticent man with strategic vision, humility | date = 24 November 2011 | url = http://m.economictimes.com/PDAET/articleshow/msid-10849143,curpg-2.cms | work = The Economic Times | access-date = 24 November 2011}}</ref> <br />
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He studied at [[Imperial College London]] and was awarded [[Bachelor of Engineering]] in civil engineering from [[University of London]] in 1990. He later studied at [[London Business School]] was awarded International Executive Masters in management from [[University of London]] in 1996.<ref name=WSJ>{{cite news | first = Vibhuti | last = Agarwal | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = https://blogs.wsj.com/indiarealtime/2011/11/23/who-is-cyrus-mistry-next-chief-of-tata/ | work = [[The Wall Street Journal]] | access-date = 24 November 2011}}</ref><ref name=IBN>{{cite news | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = http://ibnlive.in.com/news/who-is-cyrus-mistry/205092-7.html | archive-url = https://web.archive.org/web/20111125212332/http://ibnlive.in.com/news/who-is-cyrus-mistry/205092-7.html | url-status = dead | archive-date = 25 November 2011 | work = [[IBN Live]] | access-date = 24 November 2011}}</ref><br />
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==Career==<br />
Mistry joined the family construction company, Shapoorji Pallonji & Co. Ltd as a director in 1991.<ref>{{cite web |title=The Other Mistry |url=https://www.businesstoday.in/magazine/features/shapoor-mistry-of-shapoorji-pallonji-group-cyrus-brother/story/188002.html|access-date=2 April 2020}}</ref> Mistry has been managing director of [[Shapoorji Pallonji Group|Shapoorji Pallonji & Company]], which is part of the Shapoorji Pallonji Group, and also chairman of [[Tata Sons]] and of the [[Tata Group]].<br />
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In a 2013 article, ''[[The Economist]]'' categorized him as "the most important industrialist in both India and Britain."<ref>[https://www.economist.com/news/britain/21586829-two-countries-have-close-financial-ties-trade-between-them-feeble-odd-couple ''The Economist''] "Britain and India: The Odd Couple", ''The Economist'', 28 September 2013. Retrieved 12 March 2018.</ref><br />
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===Tata Sons===<br />
Mistry joined the board of [[Tata Sons]] on 1 September 2006, a year after his father retired from it.<ref name=TOI>{{cite news | author1 = Zachariah, Reeba|author2= Singh, Namrata| title = Cyrus Mistry: Avid golfer and foodie, avoids cocktail circuit | date = 24 November 2011 | url = http://timesofindia.indiatimes.com/business/india-business/Who-is-Cyrus-Mistry/articleshow/10849583.cms | work = [[The Times of India]] | access-date = 24 February 2012}}</ref> He served as a Director of [[Tata Elxsi]] Limited, from 24 September 1990 to 26 October 2009 and was a Director of [[Tata Power Company Limited|Tata Power Co.]] Ltd until 18 September 2006.<ref>{{Cite web|url=https://www.news18.com/news/business/cyrus-mistry-the-richest-irishmans-son-who-became-first-non-tata-to-head-ratan-tatas-empire-2429131.html|title=Cyrus Mistry, the Richest Irishman's Son Who Became First Non-Tata to Head Ratan Tata's Empire|website=News18|access-date=26 February 2020}}</ref><br />
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In 2013, 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]], [[Taj Hotels Resorts and Palaces|Indian Hotels]], [[Tata Global Beverages]] and [[Tata Chemicals]].{{citation needed|date=February 2014}}<br />
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The Tata Sons Board voted to remove Mistry from the Chairmanship of Tata Sons on 24 October 2016.<ref name="outvote">{{cite news|url=http://tata.com/article/inside/tata-sons-chairman-selection-committee|title=Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman|date=24 October 2016|access-date=24 October 2016|archive-url=https://web.archive.org/web/20161024215035/http://tata.com/article/inside/tata-sons-chairman-selection-committee|archive-date=24 October 2016|url-status=dead}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/big-rejig-ratan-tata-to-replace-cyrus-mistry-as-tata-sons-chairman/articleshow/55031245.cms|title=Ratan Tata to replace Cyrus Mistry as Tata Sons chairman – The Economic Times|newspaper=The Economic Times|access-date=24 October 2016}}</ref><ref>{{Cite news|url=http://www.thehindu.com/business/Industry/conflict-of-interest-led-to-cyrus-mistry-removal-ratan-tata/article18716146.ece|title=Conflict of interest led to Cyrus Mistry removal: Ratan Tata|last=Ninan|first=Oommen a|date=4 June 2017|work=The Hindu|access-date=18 November 2017|issn=0971-751X}}</ref><br />
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====2018 NCLT verdict====<br />
In July 2018, the [[National Company Law Tribunal]] (NCLT), which "adjudicates issues relating to Indian companies,"<ref>{{cite web|title=National Company Law Tribunal constituted – new perspectives for dispute resolution|url=https://www.lexology.com/library/detail.aspx?g=b6ddd99b-bba5-46fc-9b12-57206932b31d|publisher=Khaitan & Co|access-date=13 June 2016}}</ref> issued a verdict in favor of [[Tata Sons]] on charges of mismanagement leveled by Mistry in 2016, two months following his ousting as chairman, through a [[vote of non-confidence]].<ref>{{cite news|title=Ratan Tata welcomes NCLT verdict|url=https://economictimes.indiatimes.com/articleshow/64920213.cms|work=The Economic Times|date=9 July 2018|access-date=12 June 2018}}</ref> On 10 July, Mistry stated that he would appeal the decision.<ref>{{cite news|title=Tata welcomes NCLT verdict but Cyrus Mistry says he will challenge ruling |url=https://economictimes.indiatimes.com/news/politics-and-nation/tata-welcomes-nclt-verdict-but-cyrus-mistry-says-he-will-challenge-ruling/articleshow/64916673.cms|work=The Economic Times|date=9 July 2018|access-date=12 June 2018}}</ref><br />
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==== 2019 NCLAT verdict ====<br />
In December 2019, the [[National Company Law Appellate Tribunal]] reinstated Mistry as the Chairperson for Tata Sons for his remaining term, and declared that the appointment of TCS CEO [[Natarajan Chandrasekaran]] as executive chairman of Tata Sons was illegal.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/tata-vs-mistry-nclat-restores-cyrus-mistry-as-tata-sons-executive-chairman-119121800705_1.html|title=Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons|last=Chitravanshi|first=Dev Chatterjee & Ruchika|date=18 December 2019|work=Business Standard India|access-date=6 January 2020}}</ref> In January 2020, Tata Sons appealed the Supreme Court against NCLAT's decision.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-moves-sc-against-nclat-order-on-cyrus-mistry/articleshow/73066279.cms|title=Tata Sons moves SC challenging NCLAT decision restoring Cyrus Mistry as executive chairman|date=3 January 2020|work=The Economic Times|access-date=6 January 2020}}</ref> Cyrus Mistry announced that he will not return to the Chairmanship of the conglomerate, but is interested in reserving his seat in the company's board.<ref>{{Cite web|url=https://www.livemint.com/companies/news/cyrus-mistry-says-not-interested-in-getting-back-into-tata-group-in-any-capacity-11578225738160.html|title=Cyrus Mistry shuns top posts at Tata companies, seeks board seat|last=Upadhyay|first=Jayshree P.|date=5 January 2020|website=Livemint|access-date=6 January 2020}}</ref> A three-judge bench comprising Chief Justice [[Sharad Arvind Bobde|SA Bobde]] and Justices BR Gavai and Surya Kant stayed NCLAT's order while hearing Tata Sons' appeal on 10 January 2020.<br />
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The bench stated, "We find there are lacunae in the judicial orders passed by the NCLAT."<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/sc-stays-nclat-order-reinstating-cyrus-mistry-as-executive-chairman-of-tata-sons/articleshow/73184137.cms|title=Supreme Court stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group – Times of India ►|website=The Times of India|access-date=22 January 2020}}</ref><br />
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The Supreme Court also ordered that Tata Sons will not exercise power under Article 25 of the Company Law for pushing out shares of minority holders in the company.<ref>{{Cite web|url=https://www.firstpost.com/business/setback-for-cyrus-mistry-supreme-court-stays-nclat-order-restoring-pallonji-group-scion-as-executive-chairman-of-tata-group-7887871.html|title=Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group|website=Firstpost|access-date=22 January 2020}}</ref><br />
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==Personal life==<br />
Mistry is married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist [[M.C. Chagla]]. Iqbal Chagla has strategized the course of action for Cyrus Mistry in the legal battle against Tata Sons.<ref>{{Cite news|url=https://economictimes.indiatimes.com/magazines/panache/when-the-countrys-best-legal-minds-came-together-to-celebrate-riyaz-chaglas-bombay-hc-appointment/articleshow/59466523.cms|title=When the country's best legal minds came together to celebrate Riyaz Chagla's Bombay HC appointment|date=6 July 2017|work=The Economic Times|access-date=6 January 2020}}</ref><br />
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The couple have two sons, Firoz Mistry and Zahan Mistry.<ref name="TOI" /><br />
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Mistry is an Irish citizen and a permanent resident of India (having acquired [[Overseas Citizenship of India]]). According to a news report in an Irish newspaper, ''The Independent'', Mistry views himself as a global citizen.<ref name="Casey">{{cite web|title=www.independent.ie/business/world/cyrus-mistry-and-the-mammy-factor-at-the-heart-of-tata-30728963.html|url=http://www.independent.ie/business/world/cyrus-mistry-and-the-mammy-factor-at-the-heart-of-tata-30728963.html|access-date=15 June 2015}}</ref><br />
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==References==<br />
{{Reflist|30em}}<br />
<br />
==External links==<br />
* [https://web.archive.org/web/20121113212503/http://www.tata.com/aboutus/articles/inside.aspx?artid=TWeSXF7R3j0= Profile] at [[Tata Sons]]<br />
* [https://www.bbc.co.uk/news/business-15867358 Profile] at [[BBC News]]<br />
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{{Chairmen of Tata Group}}<br />
{{Tata Group}}<br />
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{{DEFAULTSORT:Mistry, Cyrus}}<br />
[[Category:20th-century Irish people]]<br />
[[Category:21st-century Irish people]]<br />
[[Category:Alumni of the University of London]]<br />
[[Category:Alumni of Imperial College London]]<br />
[[Category:Alumni of London Business School]]<br />
[[Category:Cathedral and John Connon School alumni]]<br />
[[Category:Irish chief executives]]<br />
[[Category:Irish expatriates in India]]<br />
[[Category:Irish people of Indian descent]]<br />
[[Category:Living people]]<br />
[[Category:Parsi people from Mumbai]]<br />
[[Category:Recipients of the Padma Bhushan in trade and industry]]<br />
[[Category:Tata Group people]]<br />
[[Category:Irish Zoroastrians]]<br />
[[Category:Parsi people]]<br />
[[Category:1966 births]]<br />
[[Category:Mistry family|Cyrus]]<br />
[[Category:Shapoorji Pallonji Group]]</div>2405:201:400A:8836:2DD2:8495:8421:C93Ehttps://en.bharatpedia.org/w/index.php?title=Cyrus_Mistry&diff=351868Cyrus Mistry2022-09-07T04:58:53Z<p>2405:201:400A:8836:2DD2:8495:8421:C93E: Update his death details</p>
<hr />
<div>{{short description|Irish businessman}}<br />
{{for|the Indian writer|Cyrus Mistry (writer)}}<br />
{{EngvarB|date=January 2016}}<br />
{{Use dmy dates|date=April 2020}}<br />
{{Infobox person<br />
| name = Cyrus Mistry<br />
| image = RakeshwarPandey Pic.jpg<br />
| alt = Cyrus Mistry<br />
| image caption = Cyrus Mistry with [[Rakeshwar Pandey]]<br />
| birth_name = Cyrus Pallonji Mistry<br />
| birth_date = {{Birth date and age|df=yes|1968|07|04}}<br />
| birth_place = [[Bombay]], Maharashtra, India<br />
| death_date = <!-- {{Death date and age|YYYY|MM|DD|YYYY|MM|DD|df=y}} (death date then birth date) --><br />
| death_place = <br />
| nationality = <br />
| citizenship = [[Irish nationality law|Ireland]]<ref name=TOI /><br />
| alma_mater = [[Imperial College London]], [[University of London]]<br>[[London Business School]]<br />
| occupation = Businessman<br />
| parents = [[Pallonji Mistry]] (father)<br />
| relations = [[Noel Tata]] (brother-in-law)<br />
}}<br />
<br />
'''Cyrus Pallonji Mistry''' (born 4 July 1968) is an Irish businessman of Indian origin. He died in a road accident in Maharashtra's Palghar on 4 September 2022.<ref>{{cite news | title = Ex-Tata Sons chairman Cyrus Mistry dies in road mishap | date = 4 September 2022 | url =https://www.connectedtoindia.com/ex-tata-sons-chairman-cyrus-mistry-dies-in-road-mishap-10238.html | work = [[Connected to India]] | access-date = 4 September 2022}}</ref><ref> He was the chairman of [[Tata Group]], an Indian business conglomerate, from 2012 to 2016.<ref>{{cite news | title = Cyrus P Mistry to take over from Ratan Tata as Chairman of Tata Group in December 2012 | date = 23 November 2011 | url =http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/cyrus-p-mistry-to-take-over-from-ratan-tata-as-chairman-of-tata-group-in-december-2012/articleshow/10843951.cms| work = [[The Economic Times]] | access-date = 24 November 2011}}</ref><ref>{{cite news | title = Cyrus Mistry takes over the position of chairman for Tata Sons in December 2012 | date = 26 November 2011 | url =http://www.amritt.com/Cyrus-Mistry-takes-over-the-position-of-chairman-for-Tata-Sons-in-December-2012.html }}</ref> He was the sixth chairman of the group, and only the second (after [[Nowroji Saklatwala]]) to not bear the surname ''Tata.''<ref name=CNBC/> In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December the same year. In October 2016, the board of Tata Group's holding company, [[Tata Sons]], voted to remove Mistry from the post of chairman after offering him an opportunity to resign voluntarily.<ref>{{Cite web|url=https://www.businesstoday.in/current/corporate/how-ratan-tatas-blue-eyed-boy-cyrus-mistry-turned-his-rival-nclat-order-supreme-court-sc-stay/story/393559.html|title=How Ratan Tata's blue-eyed boy Cyrus Mistry turned his rival|website=businesstoday.in|access-date=21 February 2020}}</ref> Former chairman [[Ratan Tata]] then returned as interim chairman, and [[Natarajan Chandrasekaran]] was named as the new chairman a few months later.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/business/india-business/n-chandrasekaran-ceo-and-md-of-tata-consultancy-services-is-new-chairman-of-tata-sons/articleshow/56501228.cms|title=N Chandrasekaran, CEO and MD of Tata Consultancy Services, is new Chairman of Tata Sons|newspaper=The Times of India|access-date=17 January 2017}}</ref> However, in December 2019, the [[National Company Law Appellate Tribunal]] (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-vs-mistry-supreme-court-stays-nclat-order-favouring-cyrus-mistry/articleshow/73184138.cms?|title=Tata vs Mistry: Supreme Court stays NCLAT order favouring Cyrus Mistry|last=Rautray|first=Samanwaya|date=11 January 2020|work=The Economic Times|access-date=22 January 2020}}</ref> Mistry has filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.<ref>{{Cite web|url=https://www.bloombergquint.com/business/tata-mistry-case-cyrus-mistry-files-appeal-in-supreme-court-seeking-more-relief-from-nclat|title=Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT|website=BloombergQuint|access-date=21 February 2020}}</ref>However the [[Supreme Court of India|Supreme Court]] upheld his dismissal.<ref>{{cite web | url=https://timesofindia.indiatimes.com/business/india-business/tatas-making-cyrus-chairman-wrong-decision-of-lifetime-sc/articleshow/81715818.cms | title=Tatas making Cyrus chairman wrong decision of lifetime:Supreme Court | accessdate=31 March 2021}}</ref><br />
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He owns an 18.4% stake in [[Tata Sons]], through his company, Cyrus Investments Pvt. Ltd.<ref>{{cite news |title=Cyrus Investments seeks representation on Tata Sons board |url=https://www.livemint.com/Companies/JYE6rRkgp1RuVI4gEnZmzI/Cyrus-Investments-seeks-representation-on-Tata-Sons-board.html |access-date=1 November 2018 |publisher=Live Mint |date=1 November 2018}}</ref> In 2018, his net worth was approximately $10&nbsp;billion.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/cyrus-shapoor-mistry-debut-in-rich-list-mukesh-ambani-retains-top-spot-118092501277_1.html|title=Cyrus, Shapoor Mistry debut in rich list; Mukesh Ambani retains top spot|last=Pinto|first=Viveat Susan|date=26 September 2018|work=Business Standard India|access-date=1 June 2019}}</ref> He was a member of the [[National Integration Council]].<br />
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==Early life==<br />
Mistry was born to a [[Parsi]] family in [[Bombay]] (now Mumbai), [[Maharashtra]], the younger son of Indian billionaire and construction magnate [[Pallonji Mistry]] by his wife Patsy Perin Dubash.<ref name = "Casey"/><ref>{{cite news|url=https://www.reuters.com/article/india-tata-chairman-idUSL4E7MN1W220111123|title=Global search for Tata chairman ends close to home|date=23 November 2011|agency=Reuters|access-date=24 November 2011|first=Tony|last=Munroe}}</ref> Both his parents belong to the [[Zoroastrian]] faith and have roots in India. However, Mistry's mother was born in Ireland, and his father chose to take up Irish citizenship. Mistry has an elder brother, Shapoor Mistry, who is also an Irish citizen, and is married to Behroze Sethna, the daughter of Parsi lawyer Rusi Sethna. Mistry also has two sisters, Laila and Aloo. Laila is married to Rustom Jehangir, a London-based portfolio fund manager.<ref name=WSJ/><ref name=IBN/><ref name=NDTV>{{cite news | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = http://www.ndtv.com/article/people/who-is-cyrus-mistry-152527 | publisher = [[NDTV]] | access-date = 24 November 2011}}</ref> Aloo is married to [[Noel Tata]], the half-Parsi, half-Catholic half-brother of [[Ratan Tata]].<br />
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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 stands at 18.5%, is presently held by Mistry's father, and comprises the largest block of shares held by a single party;<ref name=CNBC>{{cite news | title = Cyrus Mistry, a Tata in all but name | date = 23 November 2011 | agency = [[Reuters]]| publisher = [[CNBC-TV18]] | url = http://www.moneycontrol.com/news/business/cyrus-mistrytataallname_623245.html | access-date = 24 November 2011}}</ref> some 66% stake in Tata Sons is controlled by charitable trusts set up by the family. Mistry grew up in affluent circumstances. He studied at the prestigious [[Cathedral and John Connon School|Cathedral & John Connon School]] in [[South Mumbai]].<ref>{{cite news | title= Cyrus P Mistry: Tata Sons' deputy chairman a reticent man with strategic vision, humility | date = 24 November 2011 | url = http://m.economictimes.com/PDAET/articleshow/msid-10849143,curpg-2.cms | work = The Economic Times | access-date = 24 November 2011}}</ref> <br />
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He studied at [[Imperial College London]] and was awarded [[Bachelor of Engineering]] in civil engineering from [[University of London]] in 1990. He later studied at [[London Business School]] was awarded International Executive Masters in management from [[University of London]] in 1996.<ref name=WSJ>{{cite news | first = Vibhuti | last = Agarwal | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = https://blogs.wsj.com/indiarealtime/2011/11/23/who-is-cyrus-mistry-next-chief-of-tata/ | work = [[The Wall Street Journal]] | access-date = 24 November 2011}}</ref><ref name=IBN>{{cite news | title = Who is Cyrus Mistry? | date = 23 November 2011 | url = http://ibnlive.in.com/news/who-is-cyrus-mistry/205092-7.html | archive-url = https://web.archive.org/web/20111125212332/http://ibnlive.in.com/news/who-is-cyrus-mistry/205092-7.html | url-status = dead | archive-date = 25 November 2011 | work = [[IBN Live]] | access-date = 24 November 2011}}</ref><br />
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==Career==<br />
Mistry joined the family construction company, Shapoorji Pallonji & Co. Ltd as a director in 1991.<ref>{{cite web |title=The Other Mistry |url=https://www.businesstoday.in/magazine/features/shapoor-mistry-of-shapoorji-pallonji-group-cyrus-brother/story/188002.html|access-date=2 April 2020}}</ref> Mistry has been managing director of [[Shapoorji Pallonji Group|Shapoorji Pallonji & Company]], which is part of the Shapoorji Pallonji Group, and also chairman of [[Tata Sons]] and of the [[Tata Group]].<br />
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In a 2013 article, ''[[The Economist]]'' categorized him as "the most important industrialist in both India and Britain."<ref>[https://www.economist.com/news/britain/21586829-two-countries-have-close-financial-ties-trade-between-them-feeble-odd-couple ''The Economist''] "Britain and India: The Odd Couple", ''The Economist'', 28 September 2013. Retrieved 12 March 2018.</ref><br />
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===Tata Sons===<br />
Mistry joined the board of [[Tata Sons]] on 1 September 2006, a year after his father retired from it.<ref name=TOI>{{cite news | author1 = Zachariah, Reeba|author2= Singh, Namrata| title = Cyrus Mistry: Avid golfer and foodie, avoids cocktail circuit | date = 24 November 2011 | url = http://timesofindia.indiatimes.com/business/india-business/Who-is-Cyrus-Mistry/articleshow/10849583.cms | work = [[The Times of India]] | access-date = 24 February 2012}}</ref> He served as a Director of [[Tata Elxsi]] Limited, from 24 September 1990 to 26 October 2009 and was a Director of [[Tata Power Company Limited|Tata Power Co.]] Ltd until 18 September 2006.<ref>{{Cite web|url=https://www.news18.com/news/business/cyrus-mistry-the-richest-irishmans-son-who-became-first-non-tata-to-head-ratan-tatas-empire-2429131.html|title=Cyrus Mistry, the Richest Irishman's Son Who Became First Non-Tata to Head Ratan Tata's Empire|website=News18|access-date=26 February 2020}}</ref><br />
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In 2013, 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]], [[Taj Hotels Resorts and Palaces|Indian Hotels]], [[Tata Global Beverages]] and [[Tata Chemicals]].{{citation needed|date=February 2014}}<br />
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The Tata Sons Board voted to remove Mistry from the Chairmanship of Tata Sons on 24 October 2016.<ref name="outvote">{{cite news|url=http://tata.com/article/inside/tata-sons-chairman-selection-committee|title=Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman|date=24 October 2016|access-date=24 October 2016|archive-url=https://web.archive.org/web/20161024215035/http://tata.com/article/inside/tata-sons-chairman-selection-committee|archive-date=24 October 2016|url-status=dead}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/big-rejig-ratan-tata-to-replace-cyrus-mistry-as-tata-sons-chairman/articleshow/55031245.cms|title=Ratan Tata to replace Cyrus Mistry as Tata Sons chairman – The Economic Times|newspaper=The Economic Times|access-date=24 October 2016}}</ref><ref>{{Cite news|url=http://www.thehindu.com/business/Industry/conflict-of-interest-led-to-cyrus-mistry-removal-ratan-tata/article18716146.ece|title=Conflict of interest led to Cyrus Mistry removal: Ratan Tata|last=Ninan|first=Oommen a|date=4 June 2017|work=The Hindu|access-date=18 November 2017|issn=0971-751X}}</ref><br />
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====2018 NCLT verdict====<br />
In July 2018, the [[National Company Law Tribunal]] (NCLT), which "adjudicates issues relating to Indian companies,"<ref>{{cite web|title=National Company Law Tribunal constituted – new perspectives for dispute resolution|url=https://www.lexology.com/library/detail.aspx?g=b6ddd99b-bba5-46fc-9b12-57206932b31d|publisher=Khaitan & Co|access-date=13 June 2016}}</ref> issued a verdict in favor of [[Tata Sons]] on charges of mismanagement leveled by Mistry in 2016, two months following his ousting as chairman, through a [[vote of non-confidence]].<ref>{{cite news|title=Ratan Tata welcomes NCLT verdict|url=https://economictimes.indiatimes.com/articleshow/64920213.cms|work=The Economic Times|date=9 July 2018|access-date=12 June 2018}}</ref> On 10 July, Mistry stated that he would appeal the decision.<ref>{{cite news|title=Tata welcomes NCLT verdict but Cyrus Mistry says he will challenge ruling |url=https://economictimes.indiatimes.com/news/politics-and-nation/tata-welcomes-nclt-verdict-but-cyrus-mistry-says-he-will-challenge-ruling/articleshow/64916673.cms|work=The Economic Times|date=9 July 2018|access-date=12 June 2018}}</ref><br />
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==== 2019 NCLAT verdict ====<br />
In December 2019, the [[National Company Law Appellate Tribunal]] reinstated Mistry as the Chairperson for Tata Sons for his remaining term, and declared that the appointment of TCS CEO [[Natarajan Chandrasekaran]] as executive chairman of Tata Sons was illegal.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/tata-vs-mistry-nclat-restores-cyrus-mistry-as-tata-sons-executive-chairman-119121800705_1.html|title=Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons|last=Chitravanshi|first=Dev Chatterjee & Ruchika|date=18 December 2019|work=Business Standard India|access-date=6 January 2020}}</ref> In January 2020, Tata Sons appealed the Supreme Court against NCLAT's decision.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-moves-sc-against-nclat-order-on-cyrus-mistry/articleshow/73066279.cms|title=Tata Sons moves SC challenging NCLAT decision restoring Cyrus Mistry as executive chairman|date=3 January 2020|work=The Economic Times|access-date=6 January 2020}}</ref> Cyrus Mistry announced that he will not return to the Chairmanship of the conglomerate, but is interested in reserving his seat in the company's board.<ref>{{Cite web|url=https://www.livemint.com/companies/news/cyrus-mistry-says-not-interested-in-getting-back-into-tata-group-in-any-capacity-11578225738160.html|title=Cyrus Mistry shuns top posts at Tata companies, seeks board seat|last=Upadhyay|first=Jayshree P.|date=5 January 2020|website=Livemint|access-date=6 January 2020}}</ref> A three-judge bench comprising Chief Justice [[Sharad Arvind Bobde|SA Bobde]] and Justices BR Gavai and Surya Kant stayed NCLAT's order while hearing Tata Sons' appeal on 10 January 2020.<br />
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The bench stated, "We find there are lacunae in the judicial orders passed by the NCLAT."<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/sc-stays-nclat-order-reinstating-cyrus-mistry-as-executive-chairman-of-tata-sons/articleshow/73184137.cms|title=Supreme Court stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group – Times of India ►|website=The Times of India|access-date=22 January 2020}}</ref><br />
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The Supreme Court also ordered that Tata Sons will not exercise power under Article 25 of the Company Law for pushing out shares of minority holders in the company.<ref>{{Cite web|url=https://www.firstpost.com/business/setback-for-cyrus-mistry-supreme-court-stays-nclat-order-restoring-pallonji-group-scion-as-executive-chairman-of-tata-group-7887871.html|title=Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group|website=Firstpost|access-date=22 January 2020}}</ref><br />
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==Personal life==<br />
Mistry is married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla and granddaughter of jurist [[M.C. Chagla]]. Iqbal Chagla has strategized the course of action for Cyrus Mistry in the legal battle against Tata Sons.<ref>{{Cite news|url=https://economictimes.indiatimes.com/magazines/panache/when-the-countrys-best-legal-minds-came-together-to-celebrate-riyaz-chaglas-bombay-hc-appointment/articleshow/59466523.cms|title=When the country's best legal minds came together to celebrate Riyaz Chagla's Bombay HC appointment|date=6 July 2017|work=The Economic Times|access-date=6 January 2020}}</ref><br />
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The couple have two sons, Firoz Mistry and Zahan Mistry.<ref name="TOI" /><br />
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Mistry is an Irish citizen and a permanent resident of India (having acquired [[Overseas Citizenship of India]]). According to a news report in an Irish newspaper, ''The Independent'', Mistry views himself as a global citizen.<ref name="Casey">{{cite web|title=www.independent.ie/business/world/cyrus-mistry-and-the-mammy-factor-at-the-heart-of-tata-30728963.html|url=http://www.independent.ie/business/world/cyrus-mistry-and-the-mammy-factor-at-the-heart-of-tata-30728963.html|access-date=15 June 2015}}</ref><br />
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==References==<br />
{{Reflist|30em}}<br />
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==External links==<br />
* [https://web.archive.org/web/20121113212503/http://www.tata.com/aboutus/articles/inside.aspx?artid=TWeSXF7R3j0= Profile] at [[Tata Sons]]<br />
* [https://www.bbc.co.uk/news/business-15867358 Profile] at [[BBC News]]<br />
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{{Chairmen of Tata Group}}<br />
{{Tata Group}}<br />
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{{DEFAULTSORT:Mistry, Cyrus}}<br />
[[Category:20th-century Irish people]]<br />
[[Category:21st-century Irish people]]<br />
[[Category:Alumni of the University of London]]<br />
[[Category:Alumni of Imperial College London]]<br />
[[Category:Alumni of London Business School]]<br />
[[Category:Cathedral and John Connon School alumni]]<br />
[[Category:Irish chief executives]]<br />
[[Category:Irish expatriates in India]]<br />
[[Category:Irish people of Indian descent]]<br />
[[Category:Living people]]<br />
[[Category:Parsi people from Mumbai]]<br />
[[Category:Recipients of the Padma Bhushan in trade and industry]]<br />
[[Category:Tata Group people]]<br />
[[Category:Irish Zoroastrians]]<br />
[[Category:Parsi people]]<br />
[[Category:1966 births]]<br />
[[Category:Mistry family|Cyrus]]<br />
[[Category:Shapoorji Pallonji Group]]</div>2405:201:400A:8836:2DD2:8495:8421:C93E