Ratan Tata’s will includes a Rs 500 crore surprise for longtime associate Mohini Mohan Dutta

The late industrialist Ratan Tata’s will has revealed a surprising and substantial inheritance for Mohini Mohan Dutta, an 80-year-old businessman with deep ties to the Tata Group. Dutta has been left one-third of Tata’s residual estate, which includes bank deposits exceeding Rs 350 crore and proceeds from the auction of personal belongings such as paintings and watches.

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Dutta, who met Tata in the early 1960s in Jamshedpur, describes their encounter as a turning point in his life. His career has closely intertwined with the Tata empire—beginning with the Taj Group and later founding Stallion Travel Agency, which merged with Taj Services in 2013. Tata Industries initially held an 80% stake in the venture before Tata Capital took over, later selling it to Thomas Cook (India). Dutta continues to serve as a director in the rebranded TC Travel Services and holds shares in multiple Tata companies, including Tata Capital, which is preparing for a stock market debut.

Beyond business, Dutta’s relationship with Tata was deeply personal. Reports suggest he was regarded as an “adopted son,” though Tata never married or had legal heirs. Dutta’s daughter has also worked with Tata Trusts for nearly a decade.

While executors estimate his inheritance at Rs 500 crore, Dutta reportedly believes the actual value could reach Rs 650 crore. The revelation underscores his enduring connection with one of India’s most respected business icons.