Ratan Tata's estate worth Rs 10,000 crore
In a move that is unusual in India, Ratan Tata made special provisions for his German shepherd, Tito.
Ratan Tata, the former chairman and chairman emeritus of the Tata Group, died on October 9 at the age of 86 at Mumbai's Breach Candy Hospital, leaving behind a legacy of leadership, innovation, and philanthropy. Along with this legacy, Tata left a Rs 10,000 crore will, which includes provisions for family, loyal staff, charities, and even his beloved pet dog Tito.
The Ratan Tata Endowment Foundation (RTEF) is set to be the main recipient of Tata's estate.
Ratan Tata’s will also includes allocations for his close family members. His brother, Jimmy Tata, and his half-sisters, Shireen and Deanna Jejeebhoy, are among the beneficiaries. Tata's trusted household staff, such as his cook, Rajan Shaw, and his butler, Subbiah, who have served him for many years, are also included in the will.
Shantanu Naidu, who was Tata's executive assistant and close confidante, will also receive a share of the inheritance. Tata is said to have forgiven a personal loan that Naidu took for his education. Additionally, Tata relinquished his stake in Naidu’s companionship startup, Goodfellows, as part of the inheritance. These gestures underline the deep trust and bond Tata had with Naidu.
In a move that is unusual in India, Ratan Tata made special provisions for his German shepherd, Tito. The dog, adopted 5–6 years ago, is set to receive "unlimited" care. Rajan Shaw, who already looked after Tito, will continue to do so, with resources ensured by Tata’s will for Tito's lifelong wellbeing.
Ratan Tata's personal collection of luxury cars, which includes 20–30 vehicles stored at his Colaba home and the Taj Wellington Mews, is yet to be assigned. The options being considered include auctioning the cars or putting them on public display to honour his legacy.