Ratan Tata died on October 9. His will came out after 15 days. According to the Times of India report, he left a will worth Rs 10,000 crore.
He mentioned among his assets his friend and younger managing director of Tata Trusts, Shantanu Naidu, his brother Jimmy Tata, his half-sisters Shireen and Diana Jeejeebhoy, household staff and others. Even pet dog Tito has a stake in his will.
Tata named part of his stake in startup Goodfellow in Shantanu’s name in his will. Expenses incurred for their studies abroad were also included.
Ratan owns a 2,000 sq ft bungalow in Alibaug and FD worth Rs 350 crore.
Ratan’s will includes a 2,000 sq ft bungalow in Alibaug, a 2-storey house on Juhu Tara Road, Mumbai, fixed deposits (FDs) of over Rs 350 crore and 0.83% in the Tata group d worth $165 billion (around Rs 13.94 lakh crore). The stake is included.
Unlimited care for dog ‘Tito’
Ratan Tata’s dog, “Tito”. He died 5 years ago (2019). After that, he adopted another dog. His name was also Tito.
Tata also took the responsibility of taking care of her pet dog “Tito”. The term “unlimited care” has been used for this purpose. “Tito” was adopted about 5-6 years ago. According to the will, the responsibility of looking after Tito was given to cook Rajan Shaw. According to media reports, Ratan Tata’s will also contains a provision regarding his butler Subbaiah. Rajan Shaw and Subbaiah have been associated with Ratan Tata for three decades.
Shantanu joined the Tata Group in 2014
Shantanu joined the Tata Group in 2014 after completing his master’s degree in the United States. Along with his office work, he also did social work, which greatly impressed Tata Sons Chairman Ratan Tata. Naidu had launched the startup ‘Goodfellow’ for 2022 seniors in collaboration with Tata.
Ratan Tata and Shantanu. (archive photo)
Most of the property will go to the Ratan Tata Endowment Foundation
Ratan entrusted the responsibility of distributing the assets in accordance with this will to his half-sisters Shirin and Diana Jejeebhoy as well as lawyer Darius Khambata and his close friend Mehli Mistry. Not all of the contents of the report have been made public. But it is believed that a large part of this sum will go to the Ratan Tata Endowment Foundation (RTEF).
Tata Trust’s 66% stake in Tata Group is worth ₹13.9 lakh crore
The importance and size of Tata Trust can be understood in the sense that it is a group of charitable institutions of the Tata group. He holds a 66% stake in the Tata group with a turnover of Rs 13 lakh crore.
The Tata Trusts include Sir Ratan Tata Trust and Allied Trust and Sir Dorabji Tata Trust and Allied Trust. These trusts, focused on poverty alleviation, healthcare and education, are an integral part of Ratan Tata’s legacy.
Half-brother took charge of Tata Trust
Ratan Tata died on the night of October 9 at the age of 86. He was admitted to the intensive care unit (ICU) of Breach Candy Hospital in Mumbai. He suffered from age-related illnesses.
A week after his death, on October 17, his half-brother Noel Tata (66) was entrusted with the presidency of the “Tata Trust”.
He is already a trustee of two family trusts. After Tata’s disappearance, Noel was the only suitor. Although his brother Jimmy’s name was also brought up, he has already retired.
Ratan Tata was chairman of the group from 1990 to 2012.
Born on December 28, 1937, Ratan Tata is the great-grandson of the founder of the Tata Group, Jamsetji Tata. He was the group chairman from 1990 to 2012 and acting chairman from October 2016 to February 2017. Ratan was the head of the Tata Group’s charitable trusts.
Ratan has taken his legacy to a new level. He included Air India in his empire. Foreign company Ford also added luxury car brands Landrover and Jaguar to its portfolio.
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2. After Ratan Tata, half-brother Noel will take over Tata Trust: Already included in two family trusts, choice of the Parsi community; He said: I will carry on the legacy
Noel Tata, 66, will now be chairman of the “Tata Trust”. He is already a trustee of two family trusts. Noel is Ratan Tata’s half-brother. After Ratan Tata’s death on October 9, Noel was the only suitor. Although his brother Jimmy’s name was also brought up, he has already retired.