What did Cyrus do in the second year of speaking to Tata Group as Tata that made him come into the limelight? Read Inside Story

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 What did Cyrus do in the second year of speaking to Tata Group as Tata that made him come into the limelight?  Read Inside Story


Photo:India TV What did Cyrus do in the second year of speaking to Tata Group as Tata that made him come into the limelight?

Highlights

  • Cyrus Mistry’s startup that made headlines
  • Had to step down as chairman of Tata Sons on 24 October 2016
  • Mistry took over as the chairman of Tata Sons in 2012

Former Tata Group chairman Cyrus Mistry Dies: Former Chairman of Tata Sons Cyrus Mistry died in a road accident near Mumbai. Cyrus Mistry was on his way from Ahmedabad to Mumbai. During this, his car collided with the divider. There were 4 people in Cyrus’s car. During the accident, 2 died on the spot while the remaining 2 people have been admitted to a local hospital in Casa. Cyrus’ disputes with the Tata Group are always talked about, but there is an anecdote about the second anniversary of leaving the Tata Group when Cyrus came into the limelight.

Cyrus Mistry’s startup that made headlines

Cyrus has always been embroiled in controversies since his resignation as the chairman of the Tata Group in October 2016. During that time, when he was leaving the Tata Group for two years, he started a business whose purpose was to show direction to the new youth coming into the industry. They had announced the launch of Mistry Ventures LLP, a private equity venture, on 24 October 2018. Said goodbye to Tata on this day two years ago. Today Mistry Ventures LLP provides strategic vision and business advice, setting up and financing new ventures to startups in India and around the world. At that time the responsibility of Mistry Ventures was handed over to Ashish Iyer. Prior to that he was a global leader in the Boston Consulting Group.

What did Cyrus Mistry say then?

Cyrus Mistry said that Ashish has worked with companies from different sectors across the globe and has rich experience and I am very happy to have him on the board. We will partner with ventures that aspire to deliver profits with a positive social impact, he added. He further said that Mistry Ventures will do a lot more than invest in a single company. We will create new businesses, partner and invest across sectors by sensing global and local trends and understanding their impact on industry and companies.

Who was Cyrus Mistry?

Cyrus Mistry was born in Ireland. He studied business from London. He was the youngest son of Shapoorji Pallonji. His family is counted in the list of the richest family in Ireland. In 1991, he started his career in his father’s company, named Shapoorji Pallonji & Co. In 1994 he was appointed as the Director of Shapoorji Pallonji Group. The company prospered under his supervision.

Business spread in many areas

The company does business in the fields of marine, oil gas and railways. Construction work is spread over more than ten countries. The company of Cyrus has made more than one record in India. Including the construction of the tallest residential tower, the construction of a long rail bridge to the big port.

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