CYRUS PALLONJI MISTRY

Presented by- Akriti narula Priyanka verma

PERSONAL BACKGROUND
Born on 4th july 1968 He is the youngest son of irish construction magnate He is the youngest son of Pallonji Mistry, an Irish-Parsi construction tycoon. He has an elder brother Shapoor and two sisters: Laila and Aloo. Married to Rohiqa Chagla, the daughter of lawyer Iqbal Chagla. Together, Mistry and his wife have two sons

EDUCATIONAL BACKGROUND AND WORK

EXPERIENCE

Mistry studied at the Cathedral & John Connon School in Mumbai. He graduated from the Imperial College, London with a BE in civil engineering. Holds a master of science in management from the London Business School. He is a fellow of the Institution of Civil Engineers. In the beginning, he undertook simple jobs for the military and the PWD, constructing barracks, small public buildings etc.

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He procured bigger contracts like construction of a small military hospital as well as an ammunition factory. 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.

ABOUT CYRUS MISTRY

An extraordinarily low-profile billionaire, never giving interviews and rarely being seen out in public. Often described as being media shy. His employees call him the man with no faults. Within the Tata Group he is known as the Phantom of Bombay House for the quiet but assured way he commands power around the Tata empire. He has excellent leadership qualities, can think on his feet .

PROFESSIONAL BACKGROUND
Mistry 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 etc

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He has been a non-executive director of Forbes Gokak Limited since June 23, 2003. He is also a founding 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.

CYRUSS LEADERSHIP
Under Cyrus' guidance, Shapoorji Pallonji's construction business has grown from a turnover of USD 20 million to approximately USD 1.5 billion. The companies have evolved from pure construction to now executing projects under design & build and EPC delivery methodologies, implementing complex projects in the marine, oil and gas, rail sectors. Under Cyrus' stewardship, the companies registered many firsts in India construction of the tallest residential towers, the longest rail bridge, the largest dry dock and the largest affordable housing project.

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Cyrus was responsible for building the infrastructure development vertical in the Shapoorji Pallonji Group starting in 1995 with a 106 MW power project in Tamil Nadu. Was further responsiblethe development of the India's largest biotech park near Hyderabad in partnership with the Andhra Pradesh government. The Infrastructure vertical has also developed two large road projects totaling an investment of USD 550 million under his leadership.

HOW CYRUS WON THE RACE TO WON RATAN TATA???

Cyrus Mistry emerged as the only consensus choice with the backing of current chairman Ratan Tata and Pallonji Mistry as Tata Group's search for a successor entered the final lap. The 82-year-old tycoon, the largest individual shareholder in Tata Sons, made a strong pitch for an insider to be the next chairman. Ratan Tata is said to have favoured Cyrus Mistry who is credited with scaling up and diversifying Shapoorji Pallonji Group, one of India's most valuable private enterprises.

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Mistry, often referred to as the Phantom of Bombay House for his low-profile involvement in the affairs of Tata Group, is believed to have spoken forcefully even as the search committee began interviewing candidates from outside the group. Several factors are said to have worked in Cyrus Mistry's favour: his age; the fact that his family holds the largest single equity block of 18.4% (outside of the Trusts) in Tata Sons. The tradition of every chairman of the group so far being a Parsi; his chemistry with Ratan Tata; his understated style; strong operational experience combined with financial acumen; and his Indian-cuminternational outlook.

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Ratan Tata has for years said that he wanted someone young, someone ideally in his/her earlyto-mid 40s, and Cyrus fits the bill. On November 23, 2011, Mistry was named as the Deputy Chairman as a result of a unanimous vote of the Tata Sons Board of Directors and selection committee. He will begin serving as chairman when Tata retires in December 2012.

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