Ratan Tata died on 9 October. His will came out 15 days later. According to the Times of India report, he has left a will of Rs 10 thousand crores.
In his property, he has mentioned friend and Tata Trust’s youngest general manager Shantanu Naidu, brother Jimmy Tata, step-sisters Shirin and Diana Jeejeebhoy, house staff, and others. Even his pet dog Tito has a share in his will.
In his will, Tata has named some of his shares in the startup Goodfellow to Shantanu. It includes expenses on his education abroad.
Ratan Tata owns 2,000sqft bungalow in Alibaug and FD of Rs 350 crore
Ratan’s will includes a 2,000 square feet bungalow in Alibaug, a 2-storey house on Juhu Tara Road in Mumbai, fixed deposits (FD) of more than Rs 350 crore, and 0.83% stake in Tata Group worth $165 billion (about Rs 13.94 lakh crore).
Unlimited care for pet dog ‘Tito’
Tata also took the responsibility of taking care of his pet dog ‘Tito’. Tito is receiving unlimited care since he was adopted about 5-6 years ago.
According to the will, cook Rajan Shaw will take the responsibility of Tito. According to media reports, Ratan Tata’s will also has a provision for his butler Subbaiah. Rajan Shaw and Subbaiah are associated with Ratan Tata for the last three decades.
Shantanu joined Tata Group in 2014
Shantanu joined Tata Group in 2014 after completing his master’s degree from America. Along with his office work, he also used to do social work, which impressed Tata Sons Chairman Ratan Tata a lot. Naidu started the ‘Goodfellow’ startup for the elderly in 2022 with the support of Tata.
A large part of the property will go to Ratan Tata Endowment Foundation.
According to this will, Ratan has given the responsibility of dividing the property to his half-sisters Shirin and Diana Jejeebhoy as well as lawyer Darius Khambata and his close friend Mehli Mistry. The report hasn’t made all its details public yet, but many believe that a significant portion will benefit the Ratan Tata Endowment Foundation (RTEF).
Tata Trust has a 66% stake in Tata Group worth ₹ 13.9 lakh crore.
The importance and size of Tata Trust can be understood by recognizing it as a collection of philanthropic institutions formed by the Tata Group. It holds a 66% stake in the Tata Group with a revenue of Rs 13 lakh crore.
Tata Trusts include Sir Ratan Tata Trust and Allied Trusts and Sir Dorabji Tata Trust and Allied Trusts. These trusts, which focus on poverty alleviation, healthcare, and education, are an integral part of Ratan Tata’s legacy.
Stepbrother takes over Trusts.
Ratan Tata died on the night of October 9 this month at the age of 86. The medical team admitted him to the Intensive Care Unit (ICU) of Breach Candy Hospital in Mumbai. He was suffering from age-related diseases.
A week after his death on October 17, the board entrusted stepbrother Noel Tata (66) with the chairmanship of ‘Tata Trusts’.
He is already the trustee of two family trusts. After Tata’s death, Noel was the only contender. Although his brother Jimmy’s name was also in the news, he has already retired.
