Who Is Cyrus Mistry’s Wife?

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. In January 2021, Tata Sons appealed the Supreme Court against NCLAT’s decision. 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. A three-judge bench comprising Chief Justice SA Bobde and Justices BR Gavai and Surya Kant stayed NCLAT’s order while hearing Tata Sons’ appeal on 10 January 2021.

He owns an 18.4% stake in Tata Sons, through his company, Cyrus Investments Pvt. Ltd. In 2018, his net worth was estimatedly $10 billion. He was a member of the National Integration Council.

In July 2018, the National Company Law Tribunal (NCLT), which “adjudicates issues relating to Indian companies,” 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. On 10 July, Mistry stated that he would appeal the decision.

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

In a 2013 article, The Economist categorized him as “the most important industrialist in both India and Britain”.

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, Indian Hotels, Tata Global Beverages and Tata Chemicals.

Mistry 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.

Mistry, the younger son of Pallonji Mistry joined the family construction company, Shapoorji Pallonji & Co. Ltd as a director in 1991. Mistry has been managing director of Shapoorji Pallonji & Company, which is part of the Shapoorji Pallonji Group, and also chairman of Tata Sons and of the Tata Group.

He earned Bachelor of Engineering in civil engineering from Imperial College London, University of London in year 1990. He later earned Master of Science in management from the London Business School.

Cyrus Pallonji Mistry (born 4 July 1968) is a businessman of Indian origin and Irish citizenship. He was the chairman of Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second (after Nowroji Saklatwala) to not bear the surname Tata. 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. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chair a few months later. 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 2021. Mistry has filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.

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 grew up in affluent circumstances. He studied at the prestigious Cathedral & John Connon School in South Mumbai.