Cyrus Mistry
Cyrus Mistry was born in Ireland on July 4th, 1968 and is the Irish Businessman. At the age of 55, Cyrus Mistry biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 55 years old, Cyrus Mistry physical status not available right now. We will update Cyrus Mistry's height, weight, eye color, hair color, build, and measurements.
Mistry joined the family construction company, Shapoorji Pallonji & Co. Ltd as a director in 1991. Mistry had been managing director of Shapoorji Pallonji & Company, which is part of the Shapoorji Pallonji Group, and also chairman of Tata Sons and the Tata Group.
In a 2013 article, The Economist categorized him as "the most important industrialist in both India and Britain."
In 2018, his net worth was approximately $10 billion.
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.
In 2013, Mistry was appointed 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.
The Tata Sons Board voted to remove Mistry from the Chairmanship of Tata Sons on 24 October 2016.
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 no confidence. On 10 July, Mistry stated that he would appeal the decision.
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 2020, Tata Sons appealed to 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 2020.
The bench stated, "We find there are lacunae in the judicial orders passed by the NCLAT."
The Supreme Court of India also ordered that Tata Sons will not exercise power under Article 25 of the Company Law for pushing out shares of minority holders in the company.