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Tata’s legacy, which spans over Rs 10,000 crore, reflects his deep care for his family and others close to him.
Ratan Tata and his dog Tito in Mumbai. (Pic credit: Instagram/@ratantata)
Around five years ago, Ratan Tata welcomed his current German Shepherd, Tito, into his life following the passing of his previous dog of the same name. Now, Tito is assured lifelong care under the trusted watch of Tata’s longtime cook, Rajan Shaw, who will lovingly look after the beloved pet. Tata even set up specific arrangements in his will to ensure Tito would receive “unlimited” care after his passing, as reported by The Times of India.
Additionally, Tata’s devoted butler of three decades, Subbiah, is also a beneficiary of Tata’s thoughtful plans.
Tata’s legacy, which spans over Rs 10,000 crore, reflects his deep care for his family and others close to him. The inheritance is shared among his brother Jimmy Tata, half-sisters Shireen and Deanna Jejeebhoy, and dedicated household staff. Major assets in Tata’s estate include a 2,000-square-foot beach bungalow in Alibaug, a two-story residence on Juhu Tara Road in Mumbai, fixed deposits totaling over Rs 350 crore, and a 0.83% share in Tata Sons.
Notably, this stake in Tata Sons—a $165-billion conglomerate—is designated to be transferred to the Ratan Tata Endowment Foundation (RTEF).
As per the Hurun India Rich List 2024, Tata’s net worth stands at Rs 7,900 crore, with his stake in Tata Sons valued at approximately Rs 16.71 lakh crore across the group’s listed entities.
A staunch advocate of philanthropy, Tata prioritised charitable giving, choosing to keep most details of his will private, staying true to his legacy of humility and service to society.
Tradition maintained
In keeping with the Tata Group’s tradition of giving shares to charitable trusts, Ratan Tata’s stake will be transferred to the RTEF. According to the TOI report, Tata Sons chief N Chandrasekaran may chair the RTEF.
Who will get the bungalow?
Halekai House in Colaba, where Ratan Tata lived till his last days, is owned by Ewart Investments, a 100% subsidiary of Tata Sons. Its future will be determined by Ewart. Ratan Tata designed both Halekai House and the Alibaug bungalow, but there is no clarity about the Alibaug property.
The Juhu seaside house in Mumbai, which Ratan Tata and his family – brother Jimmy, stepbrother Noel Tata and stepmother Simone Tata – inherited after the death of their father Naval Tata. There have been plans to sell it for quite some time, it has been closed for 20 years.
Assets will go to RTEF
Apart from Tata Sons shares, Ratan Tata’s stake in other Tata Group companies including Tata Motors will also be transferred to RTEF. Established in 2022, RTEF is a non-profit organisation.
Ratan Tata had a collection of 20-30 cars, which is currently housed at Halekai Niwas and Taj Wellington Mews service apartments in Colaba. The future of this car collection is under consideration, including putting it on display in a Pune museum or acquisition or auction by the Tata Group.
What did Ratan Tata leave for assistant Shantanu Naidu?
Ratan Tata left his stake in Naidu’s collaborative venture, Goodfellows, and he waived the personal loan taken by Naidu for foreign education.
