Ratan Tata, the former chairman of Tata Group who passed away at 86, left an estate valued at approximately Rs 10,000 crore.
It includes allocations to family members, close staff, and notably, to ensure the care of his beloved German Shepherd, Tito.
As per the will, primary beneficiaries include Tata’s half-sisters, Shireen and Deanna Jejeebhoy, his brother, Jimmy Tata, his butler of over three decades, Subbiah, and his executive assistant, Shantanu Naidu. Tata specifically provided for Tito’s lifelong care, entrusting the responsibility to his longtime cook, Rajan Shaw.
The estate includes properties such as a beach bungalow in Alibaug, a two-story house on Juhu Tara Road in Mumbai, and Rs 350 crore in fixed deposits. Tata’s collection of luxury vehicles and various awards will either be transferred to Tata Group’s museum or auctioned off, with proceeds earmarked for the Tata Central Archives, ensuring the preservation of his legacy.
Additionally, Tata’s 0.83% stake in Tata Sons will be transferred to the Ratan Tata Endowment Foundation (RTEF), a charitable initiative to further his philanthropic endeavors.
Tata’s passing has left a gap in succession plans for the Tata Trusts, which are now tasked with selecting a new leader. Presently, N Chandrasekaran continues to be chairman of Tata Sons, a role he has held since 2017.
While exact distribution percentages were not publicly disclosed, most of Tata’s estate will fund the RTEF, with allocations provided to family and trusted staff.
