Cyrus Pallonji Mistry
| Cyrus Mistry | |
|---|---|
| Born | 4 July 1966 |
| Residence |
Malabar Hill South Mumbai, India |
| Nationality | Irish Indian |
| 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 (born 4 July 1966) is an Irish businessman of Indian origin who was the chairman of Tata Group, an Indian business conglomerate, between 2012 and 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. On 24 October 2016, the board of Tata Sons (the group's holding company) voted to remove Mistry from the post of chairman. Natarajan Chandrasekaran was named the new chairman shortly after.
Mistry was born to a Parsi family in Bombay, the younger son of Indian billionaire and construction magnate Pallonji Mistry by his wife Patsy Perin Dubash. 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. Aloo is married to Noel Tata, the half-brother of Ratan Tata.
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.
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