NEW DELHI: In a sign of his close professional and personal bond, Shantanu Naidu , Ratan Tata ’s trusted associate and founder of the elderly care start-up ' The Goodfellows ', has been mentioned in the late industrialist’s Rs 10,000-crore will. Naidu’s close relationship with Tata over the years has led to meaningful support in the will, reflecting Tata’s commitment to his mentee’s future.
A report in The Times of India states that Ratan Tata ensured Naidu was well-provided for, giving up his stake in 'The Goodfellows' to demonstrate his trust in Naidu’s vision and covering his overseas education expenses.
Tata’s will includes provisions for his assets—such as his 2,000-square-foot beach bungalow in Alibaug, his two-storey residence on Mumbai's Juhu Tara Road, and over Rs 350 crore in fixed deposits, alongside a 0.83% stake in Tata Sons , which will be transferred to the Ratan Tata Endowment Foundation .
A special inclusion in the will was for Tata’s dog, Tito , for whom he arranged “unlimited care” to be provided by his long-time cook, Rajan Shaw. Tata also allotted shares to his butler, Subbiah.
Naidu, who founded 'The Goodfellows', an organisation devoted to supporting elderly people through companionship, developed a close rapport with Tata over the years. As Tata's assistant and confidant, Naidu was known to embody Tata’s values and vision.
Ratan Tata passed away on October 9, 2024, at Mumbai’s Breach Candy Hospital at the age of 86.
A report in The Times of India states that Ratan Tata ensured Naidu was well-provided for, giving up his stake in 'The Goodfellows' to demonstrate his trust in Naidu’s vision and covering his overseas education expenses.
Tata’s will includes provisions for his assets—such as his 2,000-square-foot beach bungalow in Alibaug, his two-storey residence on Mumbai's Juhu Tara Road, and over Rs 350 crore in fixed deposits, alongside a 0.83% stake in Tata Sons , which will be transferred to the Ratan Tata Endowment Foundation .
A special inclusion in the will was for Tata’s dog, Tito , for whom he arranged “unlimited care” to be provided by his long-time cook, Rajan Shaw. Tata also allotted shares to his butler, Subbiah.
Naidu, who founded 'The Goodfellows', an organisation devoted to supporting elderly people through companionship, developed a close rapport with Tata over the years. As Tata's assistant and confidant, Naidu was known to embody Tata’s values and vision.
Ratan Tata passed away on October 9, 2024, at Mumbai’s Breach Candy Hospital at the age of 86.
You may also like
LDF candidate P Sarin ramps up Palakkad bypoll campaign, visits SNDP, NSS leaders
I've tried almost every single Medik8 product– these 3 made the biggest difference to my skin
Jamie Carragher couldn't believe how Sky Sports mocked him and got straight on the phone
Restoration of statehood policy matter, not political issue: J&K BJP chief
'Worst Coach & Captain Duo Ever': Fans Furious As Team India's 12-Year Unbeaten Streak In Home Test Series Ends With Defeat To New Zealand