Ratan Tata Will: List of Allocation Made by Industrialist; Check Amount Left for his Pet, Cook, and Others

Ratan Tata, the celebrated industrialist who passed away in October 2024, has left behind a will that reflects his values of generosity and gratitude. While the bulk of his ₹3,800-crore estate has been allocated to philanthropic endeavors through the Ratan Tata Endowment Foundation and the Ratan Tata Endowment Trust, a significant portion has also been earmarked for his dedicated staff.

Acknowledging Long-Term Service

Tata's will demonstrates a deep appreciation for the individuals who served him diligently over the years. He allocated over ₹3 crore to his home and office staff. Specifically, the will directs the distribution of ₹15 lakh to domestic servants who have been with him for seven years or more, with the amount proportionate to their years of service. Part-time helpers and car cleaners are also recognized, with a provision of ₹1 lakh to be distributed among them.

Special Mentions

Certain long-time employees received special recognition in Tata's will:

• Rajan Shaw (Cook): Bequeathed a little over ₹1 crore, including a waiver of a ₹51 lakh loan.
• Subbaiah Konar (Butler): To receive ₹66 lakh, which includes a loan waiver of ₹36 lakh.
• Delnaz Gilder (Secretary): Left with ₹10 lakh.
• Shantanu Naidu (Executive Assistant): Waived a ₹1 crore loan extended for his MBA at Cornell University.

Charitable Donations

In line with his philanthropic inclinations, Ratan Tata directed that his extensive wardrobe, featuring brands such as Brooks Brother, Hermes, Polo, Daks, and Brioni, be donated to NGOs for distribution among the underprivileged.

Summary of Key Allocations

Ratan Tata's will exemplifies his commitment to both philanthropy and the well-being of those who contributed to his life and work.

Summary Table of Key Beneficiaries

Ratan Tata's will reflects his lifelong dedication to philanthropy while honoring those who contributed significantly to his personal and professional life.

Ratan Tata's will, signed on February 23, 2022, outlines the distribution of his vast estate, estimated at approximately ₹3,800 crore to ₹3,900 crore. The key details of his will are as follows:

Philanthropy and Charitable Foundations

• Major Beneficiaries: The Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET) are the primary beneficiaries, receiving the majority of his wealth, including shares in Tata Sons, to support charitable and philanthropic causes.
• Tata Sons Shares: 70% of these shares go to RTEF, and the remainder to RTET. These shares cannot be sold or transferred except to existing Tata Sons shareholders.

Family and Close Associates

• Half-Sisters: Shireen Jejeebhoy and Deanna Jejeebhoy each receive one-third of his residual estate, excluding shares in Tata and non-Tata companies.
• Mohini M. Dutta: A former Tata Group employee, Dutta also receives one-third of the residual estate.
• Jimmy Naval Tata: Inheriting a share of the family's Juhu bungalow.

Friends and Staff

• Mehli Mistry: Receives the Alibaug property and three firearms.
• Staff Allocations: Over ₹3 crore allocated to home and office staff, including ₹15 lakh for long-serving domestic workers and ₹1 lakh for part-time helpers and car cleaners.

Pets and Miscellaneous

• Pet Care: ₹12 lakh set aside for the care of his pets, with each pet receiving ₹30,000 per quarter.
• Loan Waivers: Education loan waived for Shantanu Naidu and an interest-free loan to Jake Malite.

Legal and Administrative

• No-Contest Clause: Anyone contesting the will forfeits their inheritance.
• Probate Process: The will is undergoing probate in the Bombay High Court, which may take about six months.

This will reflects Ratan Tata's commitment to philanthropy, family, and those who were close to him throughout his life.