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Late business tycoon Ratan Tata, who passed away on October 9, 2024, allocated nearly a third of his residual assets, worth Rs 500 crore, to Mohini Mohan Dutta, a little-known figure outside Tata’s inner circle. According to The Economic Times, Dutta's inheritance was revealed through Mr Tata’s will, which named him among other beneficiaries. The will requires probate certification by the High Court, a process expected to take six months before the distribution of assets is finalized.
Mr Tata’s estate includes properties like a beach bungalow at Alibaug, two storey house at Juhu, fixed deposits of over Rs 350 crore and a stake in Tata Sons which was kept in Ratan Tata Endowment Trust.
Who Is Mohini Mohan Dutta?
Mohini Mohan Dutta is an enterprising businessman based out of Jamshedpur who co-owned the company Stallion which later became a part of Tata Services. Before this change, Dutta and Tata Industries owned the respective portions of 80% and 20% of Stallion stake. While the two were not popularly relate to the public domain, Dutta and Ratan Tata enjoyed a friendship that has been built over a period of sixty years.
Dutta revealed that he first met Mr Tata in Jamshedpur when he was 24 years old. “He helped me out and really built me up,” Dutta said in an earlier media interaction. According to insiders, Dutta was considered close with the Tata family and was invited for Mr Tata’s exclusive birthday celebration which was held in NCPA in Mumbai in December 2024.
Dutta's association with the Tata legacy extends beyonds his business ties. In 2015, his daughter, who also worked with the Tata Group, had started at Taj Hotels, but later joined Tata Trusts and served till 2024. Dutta’s intimate personal and professional connections with the Tata empire only add further weight to Dutta’s long standing association with the Tata empire.
Apart from Dutta, Mr Tata will also provide for several other beneficiaries, including for his brother, half-sisters, household staff and executive assistant Shantanu Naidu. Notably, Mr Tata also ensured that his beloved pet dog Tito would get lifelong care provisions.
This proves his legacy as a philanthropist and a corporate leader while confirming the close personal ties he had with Dutta beyond public eyes, since he left a great inheritance to Dutta. This inheritance had sparked curiousity about the inheritance, achieving an overarching and admiring light on this nonchalant bond between two old mates.
