Ratan Tata, the esteemed industrialist and former chairman of Tata Sons, passed away on October 9, 2024, at the age of 86. His will, valued at over ₹10,000 crore, reflects his deep appreciation for those who were part of his personal and professional life, including his household staff and even his beloved pet dog, Tito.
Generous Allocations for Household Staff
Demonstrating his gratitude, Tata allocated substantial amounts to his long-serving household staff:
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Cook, Rajan Shaw: Received over ₹1 crore, which includes a loan waiver of ₹51 lakh.
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Butler, Subbiah Konar: Bequeathed ₹66 lakh, encompassing a loan waiver of ₹36 lakh.
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Secretary, Dilnawaz Gilder: Granted ₹10 lakh.
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Driver, Raju Leon: Received ₹1.5 lakh, along with an ₹18 lakh loan waiver.
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Personal Assistant, Deepti Divakaran: Allocated ₹1.5 lakh.
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Caretaker of Alibaug Bungalow, Devendra Katamolu: Given ₹2 lakh.
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Peons, Gopal Singh and Pandurang Gurav: Each received ₹50,000.
Part-time helpers and car cleaners were also acknowledged, each receiving ₹1 lakh.
Loan Waivers and Educational Support
Tata’s generosity extended to forgiving loans he had provided:
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Executive Assistant, Shantanu Naidu: Had his ₹1 crore education loan for studies at Cornell University waived.
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Neighbor, Jake Malite: Received a waiver on a ₹23.7 lakh loan taken for an MBA at Warwick Business School, UK.
Provision for Beloved Pet
In an uncommon move in India, Tata ensured his German Shepherd, Tito, would continue to receive care. He allocated ₹12 lakh for Tito’s upkeep, to be disbursed in quarterly installments of ₹30,000. Tito remains under the care of Rajan Shaw.
Philanthropic Commitments
Aligning with his lifelong dedication to philanthropy, Tata bequeathed his 0.83% stake in Tata Sons to the Ratan Tata Endowment Foundation (RTEF). This foundation, established in 2022, is set to continue his charitable endeavors.
Family and Executors
Tata’s will also included provisions for his family members:
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Brother, Jimmy Tata, and half-sisters, Shireen and Deanna Jejeebhoy: Named as beneficiaries.
The executors of the will include his two half-sisters, his friend Mehli Mistry, and Tata Trusts’ trustee, Darius Khambata. Each executor is to receive ₹5 lakh for their efforts in administering the will.
Ratan Tata’s will exemplifies his profound respect and care for those who played significant roles in his life, ensuring their well-being and continuing his legacy of generosity.
