The opening of Ratan Tata’s will has named Mohini Mohan Dutta, a Jamshedpur-based entrepreneur, as a beneficiary, bringing attention to a figure previously unknown to many. Reports suggest that Dutta is set to inherit approximately ₹500 crore, leading to speculation about his relationship with the late industrialist.
Mohini Mohan Dutta is an entrepreneur from Jamshedpur, Jharkhand. He owned a travel agency called Stallion, which was later merged with Taj Services, a part of the Taj Group of Hotels. His family reportedly held an 80% stake in Stallion, with Tata Group owning the remaining 20%. Dutta is also the director of TC Travel Services, which is associated with Thomas Cook.
Dutta’s family has also been connected to the Tata Group professionally. One of his daughters worked at Taj Hotels before joining Tata Trusts, where she was employed for nine years.
Dutta and Ratan Tata first met when Tata was 24 years old. Over the years, their association remained largely private. According to reports, they had known each other for six decades. Dutta has stated in the past that Tata had a role in shaping his career.
Dutta was among the attendees at Tata’s birth anniversary event in December 2024 in Mumbai, as well as his funeral in October.
Ratan Tata, who passed away at 86, left most of his estate to charitable trusts. His half-sisters, Shireen and Deanna Jejeebhoy, were also named as beneficiaries. However, Dutta’s share reportedly ₹500 crore, has led to speculations.
The will has drawn attention as some members of the Tata family, including Noel Tata, were not included. The reasons behind these decisions remain unknown. As legal proceedings continue, Dutta’s inheritance remains a subject of discussion.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Feb 10, 2025, 4:21 PM IST
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