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Wales Online
World
Nick Wood

Billionaire former head of Indian industrial giant dies in road accident aged 54

Cyrus Mistry, who once headed India's biggest business group and was from one of its most illustrious families, has died in a road accident near Mumbai at the age of 54. Bloomberg UK reports that the car in which Mr Mistry was travelling hit a divider on a bridge in Palghar on Sunday.

Mr Mistry and another passenger were killed, while two others who were injured in the crash were taken to hospital, assistant police inspector Balasaheb Yamgar said. The news is the latest blow for the Mistry family, whose patriarch Pallonji Mistry, Cyrus’s father, passed away in June aged 93.

Their Shapoorji Pallonji Group, which built luxury hotels, stadiums, palaces and factories across Asia, was founded in 1865. It constructed the tower wing of Mumbai's iconic Taj Mahal hotel. But the Mistry family most recently made headlines for clashing with India's largest multinational conglomerate the Tata Group.

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