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Ratan Tata Networth: Ratan Tata, former chairman of Tata Group, passed away recently in Mumbai. His net worth is around Rs. 7900 crores. According to sources, the responsibility of executing his will has been entrusted to his close lawyer friend Darius Khambhat and associate Mehli Mistry. Apart from this, her half-sisters Shirin and Diana Jijibai have also been nominated.
Ratan Tata's half brother Noel Tata has become the new chairman of Tata Trust. The trust holds 66 per cent stake in Tata Sons, the holding company of the Tata group. Tata Group is the largest industrial group in the country.
According to the Hurun India Rich List 2024, Ratan Tata holds 0.83 per cent stake in Tata Sons, with a net worth of Rs. 7900 crores. A large part of which will be used for charity and social welfare. ¾ of his total wealth is linked to Tata Sons. Apart from this, Tata had investments in more than 12 companies including Ola, Paytm, Traxon, FirstCry, Bluestone, CarDekho, CashKaro, Urban Company and Upstox. Some of them had sold stakes in companies.
Where is the investment?
Apart from Colaba in Mumbai, he had a holiday home in Alibaug on the banks of the Arabian Sea. Complete details of Tata's will are private. Mehli Mistry was a trustee of Ratan Tata and the Sir Dorabji Tata Trust and a trustee of the Sir Ratan Tata Trust. These two trusts have 52 percent stake in Tata Sons. Among the listed group companies, Tata Sons has a market value of Rs. 16.71 lakh crore.
Who is Mehil Mistry?
A source said that lawyer Khambatta helped in preparing Ratan Tata's will. After a gap of nearly seven years, he returned last year as trustee of Tata's two primary trusts. He left the trust in 2016 to take charge of professional services. According to the rules, there must be an executor to carry out the will of the deceased.
Ratan Tata has invested Rs. An investment of Rs 186 crore was made. Mistry and Ratan Tata were the only two board members of RNT Associates. Mehil Mistry is the cousin of the late Cyrus Mistry, former chairman of Tata Sons. He has consistently supported Ratan Tata in the controversy over the removal of Cyrus Mistry from the post of Chairman of Tata Sons. He was also taking care of Ratan Tata's health in recent years.
In October 2022, Mistry was inducted into the boards of Tata's two largest trusts. That M. Pallonji is on the board of more than a dozen group companies. These companies are involved in paint, dredging operations, logistics, shipping, finance, auto dealerships and life insurance. He is also on the boards of Breach Candy Hospital, Advanced Veterinary Care Foundation and Tata Indian Institute of Social Skills.