According to Palghar Police, Mistry was travelling from Ahmedabad to Mumbai when his car hit the divider. There were four people in the car. Two died on the spot, including Cyrus Mystri, while the other two were shifted to hospital, Palghar police officials told ANI.
Former chairman of Tata Sons Cyrus Mystry killed in road accident near Mumbai on Sunday.
The incident occurred on a bridge on the Surya river.
NCP leader Supriya Sule expressed her shock over the death on Twitter. She wrote, "Devastating News My Brother Cyrus Mystry passed away. Can't believe it. Rest in Peace Cyrus. [sic]"
The accident occurred on the bridge over the Surya river, killing Mistry and another person on the spot while two others have been shifted to Gujarat for further treatment,? said Palghar district superintendent of police, Balasaheb Patil.
Four persons, including Mistry, the driver, and two others were travelling in the car.
A Kasa police station officer said the accident occurred at Charoti Naka when Mistry's car hit a road divider on the Surya river and dashed against the retention wall, killing him and another person on the spot.
As accident site showed the mangled remains of the silver Mercedes car. The accident happened when the car hit the road divider at Charoti area of Palghar, 135 km from Mumbai.
The bodies of Mistry and Jahangir Pandol have been shifted to the Kasa Rural Hospital for postmortem.
The police officer said the injured occupants of the car- Anayta Pandol, who was driving the car, and Daryus Pandol- have been shifted to a private hospital in Vapi in Gujarat for treatment.
Palghar Police officer Sachin Navadkar said the local police are carrying out a further investigation.
RPG Enterprises Chairman Harsh Goenka also expressed grief over Mistry's demise. "So sad to hear of the shocking news of the passing away of Cirus Mistry in an accident. He was a friend, a gentleman, a man of substance. He was instrumental in creating the global construction giant Shapoorji Pallonji and ably led the Tata group," tweeted Goenka.
More about Cyrus Mistry:
Mystry was the son of Pallonji Mistry, the single largest shareholder of Tata Sons. He owned a stake of over 18.5%.
Cyrus was the sixth — and youngest — chairman to head Tata Sons when he took over from Ratan Tata in 2012.
Mystri, who succeeded his father on the board of Tata Sons, was made the managing director of the family-run Shapoorji Pallonji Group's construction and infrastructure businesses in 1994. He was only 26.
Mistry was an Irish citizen by virtue of his mother being Irish. He was born in Mumbai on July 4, 1968.
He was a graduate of civil engineering from the Imperial College, London (1990) and had an MSc in management from the London Business School (1997).
Mistry is often credited with taking Shapoorji Pallonji Group to new heights, which now employs over 23,000 employees and has a strong presence in India, besides the Middle East and Africa.
Mistry was ousted from Tata Sons as chairman in October 2016. A lengthy and messy legal battle ensued.
Cyrus is survived by two sisters: Laila and Aloo. His sister, Aloo, is married to Noel Tata, the half-brother of Ratan Tata.
Mistry was often described as "soft-spoken, candid and down to earth". Like Tata, Mistry loved cars -- especially SUVs.
He was fond of horse racing too. The Mistrys frequently visited their 200-acre Manjri stud farm in Pune, which is one of the oldest in the country.
Condolences pour in following death of former Tata Sons head Cyrus Mistry in road accident:
Terming the death of the 54-year-old industrialist as "shocking", Indian Prime Minister Narendra Modi said ''The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace.''
Indian Minister of Road Transport and Highways of India wrote on Twitter ''Deeply saddened to know about the unfortunate demise of Ex-Chairman of Tata Sons, Cyrus Mistry Ji in a road accident near Palghar, Maharashtra. Sincerest condolences to his family members. May he Rest In Peace. Om Shanti.''
Indian External Minister Subrahmanyam Jaishankar said ''Extremely shocked by the news of the passing away of Cyrus Mystry. Recall our various interactions over the years. My deepest condolences to his family.''
Commerce Minister Piyush Goyal said Deeply anguished & shocked by the sudden passing away of Cyrus Mistry. Indian industry has lost one of its shining stars whose contributions to India's economic progress will always be remembered. My heartfelt condolences to his family & friends.''