HYDERABAD, India (Diya TV) — The silver jubilee celebrations of Vistex Asia-Pacific Private Ltd, a multinational software company, took a tragic turn when the CEO, Sanjay Shah, lost his life in a dramatic on-stage mishap. The incident occurred during a corporate event at Ramoji Film City, leaving the company’s president, Vishwanath Raju Datla, severely injured.

The ill-fated incident unfolded at 7:40 pm during the planned descent of Shah and Raju from an iron cage as part of the celebration kick-off. The cage, suspended with ropes and pulleys, suddenly gave way, causing both executives to plunge over 15 feet onto the concrete dais below. Despite being rushed to a local hospital and later transferred to a corporate hospital, Shah succumbed to his injuries.

Shocking video footage captured the moment of the accident, as the yellow cage wobbled, leading to a one-and-a-half-story drop. The tragic turn of events occurred amidst music and cheers, with the two executives waving to their staff while being lowered.

A case has been registered under IPC sections 304A (causing death by a rash or negligent act) and 336 (endangering human life or personal safety of others). The investigation targets various parties, including RFC management, senior event managers, chief security managers, the special effects contractor, and the rope operator.

Sanjay Shah, a 56-year-old tech entrepreneur originally from Mumbai, founded Vistex Inc in 1999, which has since grown to a company with close to 1,600 employees and revenue of approximately $300 million. The company boasts a global presence with offices across the U.S., Canada, Mexico, Europe, Middle East, Africa, Asia, Australia, and Latin America.

The celebration, meant to mark Vistex’s achievements and success, turned into a tragic episode that has raised questions about event safety protocols.