Tragic End for CEO Caught on Video at Company Party

(DailyVantage.com) – A tech CEO looking to make a splashy entrance at a company celebration and conference in India ended up dead after a piece of equipment on stage suffered a catastrophic failure.

Sanjay Shah, the chief executive of Illinois-based company Vistex was in an metal cage hovering around fifteen feet above the stage along with Vishwanath Raju Datla, the company’s president. All seemed to be going well, with the emcee asking the crowd of employees to put their hands together for the pair’s entrance – which would entail the cage being lowered down – when one of the cables holding the enclosure snapped.

The mishap caused Shah to fall and hurtle towards the ground, which he hit head first. Datla also fell, and both executives were quickly rushed to the hospital. Shah unfortunately expired due to his injuries, while Datla’s condition is still critical as of press time.

The incident was caught on video, which shows the shocked employees looking on as the cage teeters and wobbles above the stage, and the two executives fall to the ground. The fatal accident occurred at the Ramoji Film City studios in Hyderabad, India, where the company was celebrating the silver jubilee of its Asia arm. Reports say that there were around 700 employees in attendance at the event. Local authorities confirm that the accident was caused by a snapped cable, but said that they are conducting a deeper investigation into the matter.

Vistex is an advisory service company that Shah established in 1999, whose clients include firms such as General Motors, Coca-Cola, Yamaha, and others. The company boasts more than 20 offices around the globe and has more than 2000 employees.

Vistex released a statement honoring the memory of Shah, calling him an “extraordinary leader whose presence permeated the working life of every associate and colleague at Vistex.” The company further said that it will be focused on mourning its founder and CEO’s passing, and more information would be disseminated after the official mourning period ends.