Mohini Mohan Dutta Gives Consent to Ratan Tata's Will, Inherits Rs 588 Crore Share
- Dutta was only beneficiary to raise valuation concerns
- Bequeathed one-third of Tata’s residual estate worth Rs 588 crore
- Denied access to Tata’s Colaba residence and personal items including Ganesh idol
Mohini Mohan Dutta, a close associate of the late industrialist Ratan Tata and Former Director with the Taj group of hotels, has given his consent to the terms of Tata’s will, according to a report by the Times of India. Dutta was bequeathed one-third of Tata’s residual estate, valued at approximately Rs 588 crore.
With Dutta’s agreement now officially recorded, the executors of Tata’s will can proceed with securing probate from the Bombay High Court. At 77, Dutta was the only beneficiary among nearly two dozen heirs to raise concerns about the valuation of his inheritance, which delayed the probate process.
The will divides the remaining two-thirds of the residual estate excluding immovable properties and shareholdings between Ratan Tata’s half-sisters, Shireen Jejeebhoy, 72, and Deanna Jejeebhoy, 70. Both women serve as executors of the will and are actively involved in the estate’s administration.
Though Dutta expressed disagreement over the valuation of his share, he was unable to legally challenge the will due to a strict no-contest clause. This clause prohibits any beneficiary from disputing the will’s terms under threat of forfeiting their inheritance, the report said.
The executors filed a petition to probate the will on March 27, prompting the Bombay High Court to order the publication of a public notice inviting objections from any non-consenting legal heirs. Subsequently, on April 9, they submitted originating summons, a legal procedure to resolve issues concerning the will and its beneficiaries.
Notably, Dutta is the only beneficiary outside the Tata family to receive such a significant portion of the estate. He had requested to inspect several valuable items left to him, including a Ganesh idol, but was denied access to Tata’s Halekai residence in Colaba, where the executors currently hold custody of all personal effects.
Once the probate is granted, Dutta will not be liable for any estate tax, as inheritance is exempt from taxation in India.
Dutta shared a deep personal and professional relationship with Ratan Tata spanning more than six decades. He first met Tata at the Dealers Hostel in Jamshedpur when he was 13 years old and Tata was 25. Later, Dutta moved to Mumbai and lived at Tata’s Bakhtawar residence in Colaba, where Tata’s mentorship helped shape his career. “He really built me up”, Dutta said, reflecting on Tata’s influence.
Also Read More: Unveiling the Dual Realities of Dark Websites in the Digital Age
Professionally, Dutta started at the Taj travel desk before founding Stallion Travel Services in 1986 with backing from Tata Industries. In 2006, Stallion merged with a Taj Hotels subsidiary, and Dutta was appointed director of the new entity, Inditravel. He became one of the highest-paid executives in the Taj group. The travel business was transferred to
This resolution marks a significant step forward in settling the affairs of one of India’s most respected industrialists.
