Ratan Tata, whose estate is estimated at over Rs 10,000 crore, also bequeathed assets to his foundation, brother Jimmy Tata, half-sisters Shireen and Deanna Jejeebhoy, house staff, and others.
Tito, adopted five or six years ago after the passing of Ratan Tata’s previous dog of the same name, will be cared for by his longtime cook, Rajan Shaw. The will also includes provisions for his butler, Subbiah, with whom Tata shared a three-decade relationship. Ratan Tata was known to buy designer clothes for them during his travels abroad.
Ratan Tata held a 0.83% stake in Tata Sons and had a net worth of Rs 7,900 crore, according to the Hurun India Rich List 2024 released in August this year. He was always keen that a significant portion of his wealth go to charity and society. The details of his will are private. The market value of Tata Sons’ stake in the group’s listed entities is about Rs 16.71 lakh crore.
Ratan Tata’s will:
The late Ratan Tata named lawyer Darius Khambata and close friend and associate Mehli Mistry as executors of his will, along with half-sisters Shireen and Deanna Jejeebhoy, reported ET citing executives. Tata died on October 9 at the age of 86, with half-brother Noel Tata succeeding him as Tata Trusts chairman.Estranged brother of Cryus, Mehli Mistry was a confidante of Ratan Tata and a trustee on the board of the two main Tata charities, the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which together hold around 52% in Tata Sons, the holding company of the Tata Group. The Tata Trusts collectively hold a 66% stake in Tata Sons.
In October 2022, Mistry was inducted on the boards of two of the largest Tata Trusts. He’s on the board of over a dozen companies of the M Pallonji Group, which is engaged in paints, dredging operations, logistics, shipping, finance, auto dealerships and life insurance.
