Mumbai: Ratan Tata died on 9 October and the will shows how warm the legendary philanthropist was to people he knew. Industrialist has even created a fund for this purpose to look after Tito—a German Shepherd who will never want for anything during his life. It also provides for Rajan Shaw, Tata’s long-serving cook and Subbiah, his butler.
The Tata family has always been generous and Ratan Tata’s own net worth of Rs 10,000 Crore would primarily go to the Ratan Tata Endowment Foundation. The will also acknowledges Tata’s close associate Shantanu Naidu, waiving his educational loan and ending Tata’s stake in his startup “Goodfellows.”
A Small Gift in Honour of His Sweet Tito
The late Ratan Tata had made provisions for his dog Tito since he adopted him six years back. It was a known fact that he loved animals, especially dogs, and made arrangements that Tito, baptised after his earlier pet, would be provided for all his life.
Holding for Long Time Employees who are part of the Household
The will also provides for all Tata’s loyal staff he considered them more than employees; they were a family. His long-term cook, Rajan Shaw, and butler Subbiah, who worked for him for over thirty years, have been bequeathed in his will. Tata was frequently seen with his household staff, where on his return from trips he used to gift his staff designer wears.
Kind act to Shantanu Naidu
Shantanu Naidu another long standing associate of Tata and considered as a protégé has also been included in the will. The stake Tata held in Shantanu’s startup “Goodfellows” has been relinquished, and the educational loan Naidu took to study abroad has been forgiven.
The Residue of Ratan Tata Business Wealth
The greater majority of Ratan Tata’s net worth is held in Tata Sons and other Tata Group enterprises the balance, which is the lion share will be donated to the Ratan Tata Endowment Foundation (RTEF). The foundation will further the Tata legacy of giving back to charity and non-profit organisation causes. Also, investments made by Tata himself in start ups will be sold and the money generated will go to the foundation.
This paper therefore concludes that Ratan Tata will was a true depiction of his lifetime commitments to compassion, humility, selfishless and the common society and knowing tat was a man of the people, it was only befitting that even his demise will benefit his loved ones and the wider society.