What did Ratan Tata's brother, servant and Shantanu get in his will? What will happen to the luxury cars?

Introduction

In early October, businessman and philanthropist Ratan Tata passed away at the age of 86. Known for his love of animals and dedication to philanthropy, his will reflects his care for those close to him, including family, loyal staff, and his beloved pet dog, Tito. 

His assets, valued at over ₹10,000 crores, have been thoughtfully distributed among family members, foundation trusts, and close associates.

Tito, the Beloved Pet, and His Care

Ratan Tata was a known animal lover, especially passionate about the welfare of street dogs. His will includes specific instructions for caring for his dog, Tito, who was adopted six years ago after his previous dog died. Tito’s care has been entrusted to Tata’s chef, Rajan Shaw, ensuring the beloved pet receives attention and care.

Distribution of Property in the Will

Ratan Tata encouraged compassion for animals and dedicated much of his time to finding homes for abandoned pets. According to The Times of India, his assets, valued at over ₹10,000 crores, are distributed among various individuals and entities in his will. 

The beneficiaries include his foundation, his brother Jimmy Tata, his stepsisters Shirin and Dina Jejeebhoy, and some long-serving household staff members.

Ratan Tata’s Partnership with Shantanu Naidu

Ratan Tata’s will also mentions his executive assistant, Shantanu Naidu, with whom Tata co-founded "Goodfellows," a companionship company for the elderly. 

Tata left his share in this business to Naidu, and the will also covers Naidu’s educational expenses abroad, reflecting Tata’s belief in supporting his future endeavors.

What Will Happen to Tata Sons’ 0.83% Stake?

Tata’s assets include a beachfront bungalow in Alibag, a two-story house in Mumbai’s Juhu Tara Road, and fixed deposits worth over ₹350 crores. 

His 0.83% stake in Tata Sons, the $165 billion company that heads the Tata Group, will be transferred to the Ratan Tata Endowment Foundation (RTEF). 

Additionally, his shares in Tata Motors and other Tata Group companies will also be transferred to RTEF, continuing his commitment to philanthropy.

Plans for Ratan Tata’s Luxury Cars

The home in Colaba, where Ratan Tata resided until his final days, belongs to Tata Sons’ subsidiary, Ewart Investments, which will decide on its future. 

Tata’s portfolio of 20-30 luxury cars, currently housed at his Colaba residence and Taj Wellington Mews, is also under discussion. It is expected that these will either be donated to the Tata Museum in Pune or auctioned.

Legacy Property in Juhu

Ratan Tata inherited a quarter-acre beachfront property in Juhu with his family after Naval Tata's death. This property has been vacant for over 20 years, and discussions are underway for its potential sale.

By distributing his wealth and ensuring a secure future for his close family, associates, and beloved pet Tito, Ratan Tata’s legacy of compassion and responsibility continues, reflecting his love for people, animals, and a better society.