Charity gets most of Ratan Tata legacy; Family, friends, house help, pets remembered in will

Ratan Tata has bequeathed a lion's share of his total wealth, conservatively estimated at ₹3,800 crore, comprising ordinary and preference shares of Tata Sons and other assets, to Ratan Tata Endowment Foundation, a Section 8 company, and Ratan Tata Endowment Trust for philanthropic and charitable purposes.

Tata left one-third of his other financial properties-which includes bank FDs, financial instruments, as well as physical assets like watches and paintings-estimated at ₹800 crore, to his half-sisters Shireen Jejeebhoy and Deanna Jejeebhoy, and another one-third to Mohini M Dutta, a former Tata Group employee who was close to the late industrialist.


A share of the Juhu bungalow would go to his brother Jimmy Naval Tata, 82, and the sole living heir, while close friend Mehli Mistry would receive the Alibaug property and Tata's prized possession of three guns-including a .25 bore pistol.

The executors of the will have filed a petition in the Bombay High Court for the probate of the final will, incorporating the fourth codicil, according to court papers ET has reviewed.

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The will dated February 23, 2022, has four codicils-legal documents to modify a will after it has been signed and witnessed.
The last codicil clarifies that other listed stocks and shares of unlisted companies that Tata had invested in, along with assets not specifically covered elsewhere, would be distributed equally to Rata Tata Endowment Foundation and Ratan Tata Endowment Trust.

The probate of a will is a legal process where a court validates a deceased person's will, confirming its authenticity and granting the executor the authority to manage and distribute the estate according to the will's instructions.

Lawyer Darius Kambatta,