Tragedy struck the silver jubilee celebrations of US-based software firm Vistex at Ramoji Film City in Hyderabad, as CEO Sanjay Shah lost his life in a freak accident.
During a planned event, Shah and colleague Raju Datla were being lowered in an iron cage when a chain snapped, causing a 15-foot fall onto the concrete dais. While Shah succumbed to his injuries, Datla is in serious condition.
A case was registered against the event management authorities. Vistex, an Illinois-based company specializing in revenue management solutions, mourns the loss of its founder, Sanjay Shah, who had also established philanthropic initiatives.