Ratan Tata died on 9 October. His will has come out 15 days later. According to the Times of India report, he has left a will of Rs 10 thousand crores. In his assets, 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 share in the startup Goodfellow to Shantanu. Expenses on his education abroad have also been included. Ratan’s 2,000sqft bungalow in Alibaug and FD of Rs 350 crore Ratan’s will includes a 2,000 sq ft 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 the Tata Group worth $165 billion (about Rs 13.94 lakh crore). Unlimited care to pet dog ‘Tito’ Tata also took the responsibility of taking care of his pet dog ‘Tito’. The term ‘unlimited care’ was used for this. ‘Tito’ was adopted about 5-6 years ago. According to the will, the responsibility of taking care of Tito has been given to cook Rajan Shaw. According to media reports, there is also a provision for his butler Subbaiah in Ratan Tata’s will. Rajan Shaw and Subbaiah have been 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 the US. Along with his office work, he also used to do social work, which impressed Tata Sons chairman Ratan Tata a lot. Naidu started ‘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 step-sisters Shirin and Diana Jejeebhoy as well as lawyer Darius Khambata and his close friend Mehli Mistry. All the details of the report have not been made public. But it is believed that a large part of it will go to Ratan Tata Endowment Foundation (RTEF). Tata Trust has 66% stake in Tata Group worth ? 13.9 lakh crore. The importance and size of Tata Trust can be understood in the way that it is a group of philanthropic institutions of 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. Responsibility of Tata Trusts passed on to stepbrother Ratan Tata died at the age of 86 on the night of 9 October this month. He was admitted 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 17 October, stepbrother Noel Tata (66) was given the responsibility of 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. Ratan Tata was the chairman of the group from 1990 to 2012. Born on 28 December 1937, Ratan Tata is the great grandson of Tata Group founder Jamsetji Tata. He was the chairman of the group from 1990 to 2012 and interim chairman from October 2016 to February 2017. Ratan was the head of Tata Group’s charitable trusts. Ratan took his legacy to a new level. He included Air India in his empire. He also added foreign company Ford’s luxury car brands Land Rover and Jaguar to his portfolio. ———————————————————————————————- Read these news related to Ratan Tata too… 1. Padma Vibhushan Ratan Tata is no more: Parents separated in childhood, grandmother raised him; made the cheapest car after seeing his family drenched in rain. Ratan Tata, the head of India’s oldest business group, has passed away. He was the honorary chairman of Tata Sons. He breathed his last at the age of 86 in Mumbai’s Breach Candy Hospital. He was admitted to the hospital on Wednesday itself. There was news of his hospitalization on 7 October as well, but he had posted that he was fine and there was nothing to worry about. Read full news… 2. After Ratan Tata, step brother Noel will take over Tata Trust: Already a part of two family trusts, choice of Parsi community; said – will carry forward the legacy 66 years old Noel Tata will now be the chairman of ‘Tata Trust’. He is already a trustee of two family trusts. Noel is the step brother of Ratan Tata. After the death of Ratan Tata on 9 October, Noel was the only contender. Although his brother Jimmy’s name was also in discussion, but he has already retired. Read full news…
