Ratan Tata Networth: Ratan Tata, the former chairman of the 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 Khambhata and associate Mehli Mistry. Also his half-sisters Shireen and Diana Jijibai have also made nominees.
Ratan Tata’s half-brother Noel Tata has become the new chairman of Tata Trust. The trust owns 66 per cent stake in Tata Sons, the holding company of the Tata Group. Tata Group is the largest industrial conglomerate of the country

According to Huroon India Rich List 2024, Ratan Tata held 0.83 percent stake in Tata Sons, with a net worth of Rs. 7900 crores. A major portion of which will be used for charity and social welfare. ¾ of his net worth is associated with Tata Sons. Apart from this, Tata had investments in more than 12 companies including Ola, Paytem, ​​Traxon, Firstcry, Bluestone, Kardekho, Cashkaro, Urban Company and Upstocks. Some of them had sold stake in the companies.

Where is the investment?

Apart from Colaba in Mumbai, he also had a holiday home on the shores of the Arabian Sea in Alibaug. Full details of Tata’s will are private. Mehli Mistry was a trustee of Ratan Tata and a trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust. Both these trusts own 52 percent stake in Tata Sons. Among the listed companies of the group, Tata Sons has a market value of Rs. 16.71 lakh crores.

Who is Mehil Mistry?

A source said that lawyer Khambhata helped prepare Ratan Tata’s will. After a gap of nearly seven years, he returned last year as a trustee of two of Tata’s 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. 186 crore invested. Mistry and Ratan Tata were the only two board members of RNT Associates. Mehil Mistry is a cousin of the late Cyrus Mistry, former chairman of Tata Sons. He has consistently supported Ratan Tata in the controversy surrounding the removal of Cyrus Mistry as 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 two of Tata’s largest trusts. He 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 board of Breach Kandy Hospital, Advanced Veterinary Care Foundation and Tata Indian Institute of Social Skills.