In a landmark revelation, the contents of industrial titan Ratan Tata’s will have finally surfaced, outlining the distribution of his staggering ₹10,000 crore estate. As one of India’s most celebrated business icons, Tata’s will offers a glimpse into not only the business empire he leaves behind but also his deeply personal choices about the people, institutions, and even pets, that will inherit his legacy.

Tata Group’s Heir Apparent: Noel Tata

A major portion of the business legacy has already been entrusted to Tata’s half-brother, Noel Tata. This solidifies Noel’s position within the Tata Group, ensuring a smooth transition of leadership. However, the mystery surrounding Ratan Tata’s personal assets, including properties, shares, and more, has now been clarified, according to recent media reports. Among the beneficiaries is his longtime assistant, Shantanu Naidu, and several charitable organizations.

Transfer of Shares to Charitable Trust

Ratan Tata’s substantial stake in various Tata Group companies, including Tata Motors, will be transferred to the Ratan Tata Endowment Foundation (RTEF), which was established in 2022. Continuing the long-standing tradition of Tata family members, a significant portion of his assets will benefit charitable causes. Reports suggest that N. Chandrasekaran, Chairman of Tata Sons, may be appointed as the head of RTEF.

Properties in Focus: Colaba and Juhu Residences

Among the most talked-about assets is the luxurious Colaba residence, “Helkai House,” where Tata lived during his final years. The ownership of this house is with Ewart Investments, a fully-owned subsidiary of Tata Sons, and its future will be decided by the company.

However, the situation surrounding Tata’s Alibaug property remains unclear. Tata personally designed both the Helkai House and the Alibaug bungalow, leaving a mark on their architectural legacy. Another key property, the Juhu residence, which Tata inherited along with his brother Jimmy and other family members after their father’s death, has been closed for over 20 years. It is speculated that the house may soon be sold.

The Car Collection: What’s Next?

Tata was known for his eclectic car collection, which includes 20 to 30 luxury vehicles. Currently housed at his Colaba residence and the Taj Wellington Mews Service Apartments, these cars could either be displayed at the Pune Museum or auctioned by the Tata Group. Decisions regarding their future are still under consideration.

Personal Touch: Loyal Employees and Pets Included in the Will

In an unusual but heartwarming move, Ratan Tata has ensured the lifelong care of his beloved German Shepherd, Tito. Tata adopted Tito five or six years ago and made special provisions for his “unlimited” care, placing this responsibility on his trusted chef, Rajan Shaw. His butler, Subbaiya, who served Tata for over three decades, has also been mentioned in the will, along with benefits for his dedicated service.

Adding to the personal angle, Tata made provisions for Shantanu Naidu, his executive assistant. Tata forgave Naidu’s personal loan for his foreign education and left his shares in Naidu’s venture, Goodfellows, to the young entrepreneur.

Legacy Beyond Wealth: Preserving History

Despite helming a $100 billion conglomerate, Tata’s personal wealth was modest due to his limited direct shareholding in the group companies. This is one of the reasons why his name never appeared on India’s richest lists. His legacy, however, extends far beyond financial wealth. Tata’s numerous awards and honors will be donated to the Tata Central Archives to preserve his enduring contributions for future generations.

Next Steps: Probate and Legal Formalities

With Tata’s will expected to be probated by the Bombay High Court, the legal process may take several months to complete. The distribution of his assets will take time, but one thing is clear: Ratan Tata’s legacy, both personal and professional, will continue to shape the future of Tata Group and the people closest to him.

This unprecedented will offers a unique glimpse into the personal life of one of India’s most influential leaders, a man who not only led with vision but also cared deeply for the people and causes he held dear.