The death of the wealthy former chairman of Tata, the largest conglomerate in India, has been referred to as a “big loss” for the business community by India’s prime minister.
On his way to Mumbai on Sunday, Cyrus Mistry was killed in a car accident.
According to police in Maharastra state in western India, two more passengers were hurt in addition to the one additional fatality.
In 2016, Mr. Mistry, 54, lost his position as chairman of Tata as a result of poor performance reviews.
Ratan Tata, the person Mr. Mistry had himself replaced just four years prior, succeeded him.
The mysterious boardroom takeover gave rise to a protracted legal dispute, which India’s highest court ultimately decided in Tata’s favor.
With operations in more than 100 nations and revenue of $130 billion (£110 billion), the company sells products like salt, steel, and software.
The accident occurred on Sunday afternoon as Mr. Mistry and his companions were driving a Mercedes through the Palghar district of Maharashtra, according to the police.
Mr. Mistry allegedly died at the scene of the crash after the car hit a divider in the road as it crossed a bridge over a river.
Two more people at least were taken to the hospital.
Mr. Mistry was referred to as a “promising business leader who believed in India’s economic prowess” by Mr. Modi in a tweet.
A police investigation has been requested by Maharashtra state’s deputy chief minister.
The accident brought to light the country’s high rate of traffic accidents, which according to government statistics resulted in 150,000 fatalities in 2021, or an average of 18 per hour.
