Ratan Tata Bequeaths Wealth To Foundation, Family, And Loyal Staff; Ensured Care For Pet Tito

Among key beneficiaries are Tata’s brother, Jimmy Tata; half-sisters Shireen and Deanna; and his staff, including his personal assistant Shantanu Naidu, as well as his house staff and butler Subbiah

The bulk of Ratan Tata's assets — including a 0.83 per cent stake in Tata Sons — will transfer to RTEF, a foundation chaired by Tata Group chairman N Chandrasekaran

Source : PTI

Ratan Tata, the esteemed former chairman of Tata Sons who passed away on October 9, has left behind an estate valued at about Rs 10,000 crore, according to a report by The Times of India. His will outlines significant provisions for the Ratan Tata Endowment Foundation (RTEF), family members, long-time staff, and his cherished German Shepherd, Tito.

Among the key beneficiaries are Tata’s brother, Jimmy Tata; half-sisters Shireen and Deanna Jejeebhoy; and his devoted staff, including his personal assistant Shantanu Naidu, as well as his house staff and butler Subbiah, who served Tata for over 30 years. Tata's will ensures lifelong care for Tito, his German Shepherd, who will continue to live with Tata’s cook, Rajan Shaw, ensuring Tito's care remains consistent.

The bulk of Tata's assets — including a 0.83 per cent stake in Tata Sons — will transfer to RTEF, a foundation chaired by Tata Group chairman N Chandrasekaran. The RTEF, established in 2022, supports non-profit initiatives and maintains strategic investments across the Tata Group. Beyond Tata Sons shares, his interests in companies such as Tata Motors and Tata Digital will also be directed to RTEF, furthering its mission and legacy within Tata Group.

In addition to bequeathing assets to family and staff, Tata also relinquished his stake in Naidu’s start-up, Goodfellows, a companionship venture. He additionally forgave an educational loan given to Naidu for overseas studies, further underscoring his commitment to supporting the younger generation.

Tata’s real estate holdings, which include a 2,000-square-foot beach bungalow in Alibaug and a house in Mumbai’s Juhu, as well as fixed deposits totaling Rs 350 crore, form a part of his extensive legacy. Proceeds from his start-up investments, managed by RNT Associates and RNT Advisers, are slated for sale, with the funds directed to RTEF.

Tata’s final wishes reflect his lifelong values of loyalty, compassion, and commitment to philanthropic and social initiatives, ensuring his legacy endures across Tata Group and beyond.