Ratan Tata’s will not only shows, his legacy is not only one of corporate success but also of meaningful, lasting impact on society and those closest to him.
The recent revelation of Ratan Tata’s will offers a unique glimpse into the future of his vast estate and the values he upheld throughout his life. The former Chairman of the Tata Group, one of India’s most respected business leaders, left behind an estate valued at over ₹10,000 crore. His will emphasizes a commitment to philanthropy, deep family bonds, and relationships, revealing several unexpected details about his legacy.
Ratan Tata’s Gift To Close Aide
Among the most personal elements of Tata’s will is the unique collection of firearms to his close confidant, Mehli Mistry. The collection includes an intricately crafted pistol, a rifle, and a gun, each with historical significance. These firearms were not used practically but were treasured as heirlooms. One of the guns was a gift from Sumant Mulgaonkar, the former Chairman of Tata Motors, while the other two were inherited from Tata’s father, Naval Tata, and his uncle, JRD Tata, both iconic figures in the Tata Group’s storied history.
Despite being one of India’s oldest licensed firearm holders, Ratan Tata kept these guns as cherished mementos rather than functional items. The decision to pass them onto Mistry shows the deep trust and camaraderie that defined their relationship.
According to experts, Mehli Mistry can only take possession of the firearms if he holds a valid firearm license. Currently, the firearms are stored under the custody of the police armoury. Mistry has the option to either apply for a new license or register the guns under his existing one.
The Sea Facing Villa In Alibaug
In addition to the firearms, Ratan Tata gave a luxurious beachfront property in Alibaug to Mehli Mistry. Nestled in the serene coastal town, this property served as one of Tata’s private retreats, where he often visited to be away from the regular business world. It was a place of peace where he could meet with close friends, including Mistry, who was a frequent visitor.
Who is Mehli Mistry?
Mehli Mistry is a prominent businessman linked to the M Pallonji Group, which holds a significant stake in the Tata Group through the Shapoorji Pallonji Group. Mistry has been a long-time associate of Ratan Tata and played a key role during the tumultuous period of Cyrus Mistry’s removal as Tata Group Chairman in 2016. Despite facing legal challenges, Tata’s leadership decisions were upheld by the Supreme Court, with Mehli Mistry being a trusted ally throughout.