Tata Sons - Central News Hub

Former Tata Sons head Cyrus Mistry dies in car accident

There were four people in the car out of which two, including Mistry, succumbed instantly to injuries in the road crash which left the vehicle badly damaged…reports Asian Lite News

Top industrialist Cyrus P. Mistry, head of the Shapoorji Pallonji Group and former Tata Sons Chairman, was killed in a road accident at Palghar in northern Maharashtra on Sunday afternoon. He was 54.

The accident came after his vehicle, with at least 3 others travelling with him, crashed into a road divider.

Mistry’s death comes barely two months after his father, Pallonji Mistry, passed away on June 28 in Mumbai at the age of 93.

According to police officials, Mistry was travelling from Ahmedabad to Mumbai when his car hit a road divider on River Surya near Charoti.

There were four people in the car out of which two, including Mistry, succumbed instantly to injuries in the road crash which left the vehicle badly damaged.

The other two injured, whose identity was not clear, have been admitted to a local hospital in Kasa.

The exact causes of the accident are not clear though it is suspected that over-speeding may have led to the crash and the entire region (Palghar) has been battered with heavy rains since Saturday.

The news sent shockwaves in Indian corporate and political circles and many reacted with initial disbelief.

Chief Minister Eknath Shinde expressed shock at the tragedy and said Mistry’s demise is a loss not only to his family but also the country’s industrial world.

NCP MP Supriya Sule has expressed shock at the incident. “Devastating News My Brother Cyrus Mistry passed away. Can’t believe it.

“Rest in Peace Cyrus,” she said in a tweet.

TCS condoles Mistry’s demise

Leading IT firm, Tata Consultancy Services (TCS) condoled its former Chairman Cyrus Mistry’s death.

In a statement, the company described him as “a warm and friendly person”.

“Tata Consultancy Services mourns the untimely demise of our former Chairman Cyrus Mistry. He was a warm, friendly and congenial person who built a strong relationship with the TCS family during his time as the Chairman of the company. We offer our deepest condolences and prayers to his family and friends in their time of loss,” the statement said.

Earlier Tata Sons Chairman N. Chandrasekaran had also condoled Mistry’s demise.

“I am deeply saddened by the sudden and untimely demise of Cyrus Mistry. He had a passion for life and it is really tragic that he passed away at such a young age. My deepest condolences and prayers for his family in these difficult times,” he had said in a statement.

ALSO READ-Mistry Disappointed with NCLT’s ruling

Tata Sons appoints Ilker Ayci as CEO, MD of Air India

Born in Istanbul in 1971, Ayci was once the Advisor to the country’s current President, R.T. Erdogan, when the latter was the Mayor of Istanbul…reports Asian Lite News

Tata Sons has announced the appointment of Mehmet Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India, an official said here on Monday.

Expected to take charge on or before April 1, Ayci (51) until recently was the Chairman of Turkish Airlines and was also on its Board of Directors prior to that.

The key appointment was finalised at the Air India board meeting on Monday, in which Tata Sons Chairman N. Chandrasekaran was a special invitee. Ayci’s appointment would be subject to regulatory approvals.

“Ilker is an aviation industry leader who led Turkish Airlines to its current success during his tenure there. We are delighted to welcome Ayci to the Tata Group where he would lead Air India into the new era,” said Chandrasekaran.

Acknowledging the appointment, Ayci said he is “delighted and honoured to accept the privilege of leading an iconic airline and to join the Tata Group”, which recently acquired the country’s flag carrier.

“Working closely with my colleagues at AI and the leadership of Tata Group, we will utilise the strong heritage of Air India to make it one of the best airlines in the world with a uniquely superior flying experience that reflects Indian warmth and hospitality,” Ayci added.

Born in Istanbul in 1971, Ayci was once the Advisor to the country’s current President, R.T. Erdogan, when the latter was the Mayor of Istanbul.

He served as the Chairman of Turkish Airlines from 2015 till he resigned last month.

An alumnus (1994) of the country’s first private varsity, Bilkent University, Ankara, he graduated from the Department of Political Science and Public Administration and is fluent in Turkish, English and Russian.

He continued his education with a research stay in political science from the Leeds University in the UK. In 1995, he completed his Master’s in international relations from the Marmara University in Istanbul in 1997.

During his successful career, he held several positions with the Istanbul Metropolitan Municipality, and for a period from 1994, served as Advisor to the then Mayor of Istanbul, Erdogan, who’s now the country’s President.

Later, Ayci served as the CEO of several insurance companies. In January 2011, he took over as the President of the Prime Ministry Investment Support and Promotion Agency of Turkey.

In 2013, he was appointed Vice-President of the World Association of Investment Promotion Agencies of which he later became the Chairman and served till 2015.

ALSO READ-Apple, Samsung to manufacture $5 billion worth smartphones under PLI scheme