Cyrus Mistry

Cyrus Mistry : New chairman-designate of Tata Group

  • Cyrus Pallonji Mistry is the new deputy chairman and chairman-designate of Tata Group and its holding company Tata Sons. This designation has made him first non-Indian national to head the Indian conglomerate.
  • Mistry will work with the current chairman Ratan Tata for one year and begin serving as chairman in December 2012.
  • Mistry will be the sixth chairman of the group and the second not named Tata after Sir Nowroji Saklatvala.
  • Cyrus Mistry, 43, is the son of construction tycoon Pallonji Shapoorji Mistry. Valued at $8.8 billion, Pallonji holds an 18.5 per cent stake in Tata Sons, making him the single largest shareholder.
  • He is married to Rohika Chagla, the daughter of lawyer Iqbal Chagla. He has an elder brother – Shapoor Mistry and one of his sisters is married to Noel Tata, Ratan Tata’s half-brother.
  • He has been a director of Tata Sons since September 1, 2006. He served as a Director of Tata Elxsi Limited, from September 24, 1990 to October 26, 2009 and was a Director of Tata Power Co. Ltd until September 18, 2006.
  • He serves as Chairman of the Board of Shapoorji Pallonji Group and Afcons Infrastructure Limited. He also serves as Director of various companies including – Forvol International Services Ltd, Shapoorji Pallonji & Co. Ltd, Cyrus Investments Ltd, Shapoorji Pallonji Power Co. Ltd, Buildbazaar Technologies (India) Pvt Ltd, Sterling Investment Corporation Pvt. Ltd, Samalpatti Power Co. Pvt. Ltd, Shapoorji Pallonji & Co. (Rajkot) Pvt. Ltd, Shapoorji Pallonji Finance Ltd, Shapoorji Pallonji Infrastructure Capital Co. Ltd, Oman Shapoorji Construction Co. Ltd and Muscat Pallonji Shapoorji & Co. Pvt. Ltd. He has been a Non-executive Director of Forbes Gokak Limited since June 23, 2003.
  • Mistry is Fellow of the Institute of Civil Engineers. He holds BE (Civil Engineering) from Imperial College, London and Master of Science in Management from London Business School. He holds a Bachelor of Commerce from Mumbai University.
  • An avid golfer, Mr Mistry is also a founder member of the Construction Federation of India. He is a trustee of the Breach Candy Hospital Trust, Mumbai. He is also on the board of Imperial College India Foundation.

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