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Ratan Tata, who died on October 9 aged 86
The late Ratan Tata entrusted the responsibility of executing his will with close family members and friends. The legendary industrialist passed away on October 9 at the age of 86 in Mumbai.
Lawyer Darius Khambatta, close friend Mehli Mistry, and half-sisters Shireen and Deanna Jeejeebhoy, are the executors of the former Tata Sons chairman’s will, the Economic Times reported.
Mr Mistry is a trustee on the boards of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, two main trusts that hold 52 percent of Tata Sons. Mr Mistry, who was a close confidante of Ratan Tata, is also the first cousin of the late Cyrus Mistry who was ousted as Tata Sons chairman in 2016 by Ratan Tata.
The report, citing sources, said that Mr Khambatta came back as a trustee in the two main trusts after a gap of seven years. Ratan Tata’s half-sisters have always been involved in philanthropic activities and Ratan Tata was known to be closer to the younger sister.
Ratan's legacy
While the details of his will are private, Ratan Tata had a net worth of Rs 7,900 crore, the ET report said citing Hurun India Rich List 2024.
Tata Trusts, the powerful and influential philanthropic arm of the Tata Group, owns 66 percent in the $ 165-billion conglomerate. Noel Tata was appointed the chairman of the trusts after the demise of Ratan Tata.
