Ratan Tata Passes Away, Executors Appointed

Ratan Tata, the respected former chairman of Tata Sons, passed away on October 9, 2024, at the age of 86, leaving behind a significant legacy in business and philanthropy. His will names Darius Khambata, a lawyer, and Mehli Mistry, a close confidante, along with his half-sisters Shireen and Deanna Jejeebhoy, as executors. Mistry and Khambata both hold trustee positions in the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which own 52% of Tata Sons. Ratan Tata's net worth was estimated at Rs 7,900 crore, largely tied to his shareholding in Tata Sons, and he had expressed a desire to donate a substantial portion of his wealth to charitable causes. His half-brother Noel Tata has succeeded him as chairman of the Tata Trusts, which collectively hold a 66% stake in Tata Sons. The specific details of Tata's will remain private, though it reflects his commitment to philanthropy and societal welfare.