New Delhi: Ratan Tata, the late business tycoon, has left almost a third of his property to Mohini Mohan Dutta, a Jharkhand-based businessman. Tata, who passed away on October 9, 2024, has passed on assets worth Rs 500 crore to Dutta, a person who is little known to the family.
Even though Dutta’s name has been mentioned in the will left behind by Ratan Tata, it will be distributed only after the same is certified by the High Court. It might take at least six months for completion. Ratan Tata’a sill was announced two weeks after his death.
Who is Mohini Mohan Dutta?
A Jamshedpur-based entrepreneur, Dutta is the co-owner of Stallion, which became a part of Tata Services later. Before the company merged with the Tata Group, Dutta had an 80% stake in Stallion, while Tata Group had a stake of the remaining 20%.
Speaking about his first meeting with Ratan Tata, Dautta said that both had met at the Dealer Hostel in Jamshedpur when the latter was just 24 years old. Even though not much was known about Dutta before his name was featured in Ratan Tata’s will, several insiders believe that Dutta was very close to the Tata family. During an interaction with the media in the past, Dutta also said that he was helped by Ratan Tata.
Dutta’s long association with Ratan Tata
It is believed that Dutta had a long association with Ratan Tata. He was even invited to Ratan Tata’s birth anniversary celebrations held in Mumbai in December last year. The event was attended by close associates and family members of the Tata family. Dutta’s daughter also used to work with the Tata Group. She first used to work at Tata Hotels till 2015 and then with Tata Trusts till 2024.
