Mohini to inherit over Rs 500 crore; Surprise in late Ratan Tata's will

MUMBAI: Controversy is brewing up over the will prepared by the late emeritus chairman of the TATA group Ratan Tata. As per the will, Rs 500 crore worth of assets will go to Mohini Mohan Dutta, considered a close acolyte of Ratan Tata.

Mohini Mohan Dutta is a Jamshedpur-based entrepreneur. He was the owner of a travel agency called Stallion. In 2013, Stallion merged with the Taj Group-owned hotel chain. However, 80 per cent of its shares are in the name of Mohini and his family. Mohini Mohan Dutta has two daughters. Both were former employees of the Tata Group.

According to Mohini, his relationship with Tata lasted more than 60 years. The businessman also lauded the former Tata chairman as the special one who shaped his career. Ratan Tata, the pioneer businessman and philanthropist passed away on October 9 2024. It was just a few weeks before the media got their hands on the details included in the will.

Ratan Tata has registered his brother, half-sisters, attendants and executive assistant Shantanu Naidu in the property will. A beach bungalow in Alibaug, a two-storied mansion in Juhu, a fixed deposit of Rs 350 crore and a stake in Tata Sons will be shared among the aforementioned people.