Ratan Tata’s Will Reveals Major Inheritance Details: Endowments, Family, and Trusted Associates Named

The late industrialist Ratan Tata, who passed away in October last year, allocated a significant portion of his ₹3,900 crore estate to the Ratan Tata Endowment Trust and the Ratan Tata Endowment Foundation, according to will documents reported by The Economic Times.

One-third of his assets, including high-value items such as watches and financial instruments like bank fixed deposits—collectively valued around ₹800 crore—have been bequeathed to his half-sisters Deanna Jejeebhoy and Shireen Jejeebhoy.

Mohini M Dutta and Trusted Associates Also Named in Will

Another one-third of the estate is inherited by Mohini M Dutta, a long-standing Tata Group associate close to Ratan Tata. However, reports from The Times of India suggest Dutta holds differing views regarding the valuation of her inheritance compared to the executors of the will.

The will's executors—Mehli Mistry, lawyer Darius Kambatta, Shireen Jejeebhoy, and Deanna Jejeebhoy—have filed a probate plea in the Bombay High Court. Probate is a legal process wherein the court verifies the authenticity of the will, typically taking up to six months.

No-Contest Clause Included to Prevent Disputes

An important feature of Ratan Tata’s will is a “no-contest clause”, which states that any beneficiary who challenges the will's content will forfeit their inheritance. The will reportedly names around 24 beneficiaries.

Detailed Breakdown of Individual Bequests

₹12 lakh corpus for pets: ₹30,000 to be disbursed every quarter.

Shantanu Naidu: Loan waived; previously served as Tata’s executive assistant.

Jake Malite: Neighbor; granted an interest-free education loan.

Juhu property: Half the ownership to Jimmy Tata; remaining half split between Noel Tata and Simone Tata.

Alibaug bungalow: Bequeathed to Mehli Mistry, a close friend.

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