In a remarkable testament to his generosity and commitment to those who served him, the late industrialist Ratan Tata has left an astonishing legacy following his death in October 2024. His will reveals a carefully crafted distribution of his wealth, which is estimated to be around Rs 10,000 crore, with a significant portion dedicated to his staff, family, and charitable endeavors.
Tata, who passed away at the age of 86, bequeathed nearly Rs 3.5 crore to his house helps and office staff, encompassing everyone from car cleaners to peons. This generous allocation reflects Tata's long-standing belief in employee welfare and his desire to ensure that those who supported him throughout his life are well taken care of.
According to reports from the Times of India, Tata's will directs the executors to distribute Rs 15 lakh from his estate to domestic servants who had been with him for over seven years. Additionally, he allocated Rs 1 lakh for part-time helpers and car cleaners. The late industrialist also waived off loans extended to members of his staff and even a neighbor, highlighting his commitment to alleviating financial burdens on those close to him.
Among the beneficiaries of Tata's will is his long-time cook, Rajan Shaw, who is set to receive just over Rs 1 crore, which includes a loan waiver of Rs 51 lakh. Butler Subbaiah Konar will receive Rs 66 lakh, including a loan waiver of Rs 36 lakh, while secretary Delnaz Gilder has been bequeathed Rs 10 lakh. Executive assistant Shantanu Naidu, who had a close relationship with Tata, will also benefit significantly, as his educational loan of Rs 1 crore for his MBA studies at Cornell University has been canceled.
Notably, Tata has also set aside Rs 12 lakh for the care of his beloved German shepherd, Tito, ensuring that the dog will receive Rs 30,000 quarterly for its upkeep. This reflects Tata's deep affection for animals, as well as his desire to provide for them even after his passing.
In addition to his generosity towards his staff, Tata's will reveals his philanthropic spirit, with a majority of his total wealth—estimated at Rs 3,800 crore—allocated to the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET) for charitable and philanthropic purposes. This allocation underscores Tata's lifelong commitment to charitable endeavors and his desire to leave a lasting impact on society.
His estate includes ordinary and preference shares of Tata Sons, along with various financial assets. One-third of his financial properties, valued at approximately Rs 800 crore, will be divided between his two half-sisters, Shireen Jejeebhoy and Deanna Jejeebhoy, as well as Mohini M. Dutta, a former confidant of Tata. Dutta will receive one-third of Tata’s residual estate, excluding his shares in Tata and non-Tata companies.
Tata's brother, Jimmy Tata, will inherit silver articles and some jewelry, along with half of the ownership rights of the family’s Juhu property. Close friend Mehli Mistry is set to receive the Alibaug property and Tata's treasured collection of firearms, including a .25-bore pistol.
As per the will dated February 23, 2022, Tata included a no-contest clause, stipulating that anyone who contests the will would forfeit their rights to any inheritance. This provision aims to ensure that his wealth is distributed according to his wishes without legal disputes.
The executors of Tata's will, which include his half-sisters and close friends, will receive Rs 5 lakh each for their efforts in executing his final testament. They have already filed a petition in the Bombay High Court to probate the will, a legal process that confirms its authenticity and allows the executors to manage the estate as outlined.
In addition to the bequests, Tata's will specifies that all of his clothing—comprising luxury brands such as Daks, Polo, Brooks Brothers, Brioni, and Hermès—will be donated to NGOs for distribution to the underprivileged. This act of kindness further exemplifies Tata's commitment to helping those in need.
Ratan Tata's legacy is not just one of business acumen but also one of compassion and generosity. His thoughtful distribution of wealth, aimed at supporting his staff, family, pets, and charitable causes, will resonate for years to come, leaving an indelible mark on the lives of many.
As the executors navigate the probate process, it is clear that Tata's final wishes reflect a man who cared deeply for those around him and sought to uplift others even in his absence. His life and legacy continue to inspire many, showcasing the profound impact one individual can have on the lives of others.
