In a revealing update following the passing of Ratan Tata, details of his will have come to light, offering a glimpse into the future of his monumental estate and legacy. Tata, former chairman of the Tata Group and one of India’s most revered figures, left behind an estate valued at over Rs 10,000 crore. His will predominantly directs his wealth towards philanthropic causes, but one of the most intriguing elements involves his prized collection of firearms and a luxurious beachfront property in Alibaug, both bequeathed to his close confidant, Mehli Mistry.
The transfer of these personal treasures to Mistry, who is not only a trustee of the Tata Trusts but also a key business associate of Tata, is a testament to the deep and enduring relationship they shared. These items, symbolic of Tata’s heritage, were rarely used by him but held great sentimental value, and their transfer underscores the intimate nature of Tata’s personal connections.
A Legacy of Firearms: Gifts and Heirlooms
Among the most personal elements of Tata’s will is the bequest of three firearms to Mehli Mistry. These guns, including an intricately crafted pistol, rifle, and gun, have historical significance. One weapon was a gift from Sumant Mulgaonkar, the former chairman of Tata Motors, while the other two were inherited from Tata’s father, Naval Tata, and uncle, JRD Tata—two key figures in the Tata Group legacy.
Though Tata was one of the country’s oldest licensed firearm holders, the guns were kept as cherished mementos rather than for practical use. The firearms symbolize the strong familial ties and bonds that shaped Ratan Tata’s life and leadership. According to sources close to the family, Tata’s will explicitly outlined Mistry as the recipient of these firearms, a decision which reflects the trust and camaraderie that defined their relationship.
Legalities Surrounding the Firearm Transfer
While Ratan Tata’s bequest of these firearms was deeply personal, there are legal considerations regarding the transfer of such valuable items. Experts, including Lalit Kumar from J Sagar Associates, have clarified that Mistry can only take possession of the firearms if he holds a valid firearm licence. At present, the guns are under the custody of the police armoury. Mistry may apply for a new licence or opt to register the guns under his existing licence.
Given India’s strict regulations on firearm ownership, it is likely that Mistry may choose to keep the guns as non-functional, either by disabling the firing pins or registering them as decorative items. This would align with Tata’s understated approach to life, where the guns serve as symbols of trust and legacy, rather than functional tools.
The Beachfront Property in Alibaug
In addition to the firearms, Ratan Tata’s stunning beachfront property in Alibaug has been bequeathed to Mehli Mistry. The property, tucked away in the coastal town of Alibaug, was one of Tata’s private retreats where he sought solitude away from the public eye. This was a space where Tata could unwind in the company of close friends, including Mistry, far removed from the pressures of the business world.
Who Is Mehli Mistry?
Mehli Mistry, a businessman and key figure in the M Pallonji Group, is an integral part of the extended Tata Group network. His family holds a significant stake in the Tata Group through the Shapoorji Pallonji Group, making Mistry a trusted figure within the group. Mistry’s relationship with Ratan Tata is well-documented, and he played a crucial role in the events surrounding the 2016 ousting of Cyrus Mistry as Tata Group chairman. Despite legal challenges, the Supreme Court ruled in favor of Tata’s leadership decisions.
Mistry was appointed to the board of Tata Trusts in 2022, solidifying his status as a critical figure in Tata’s philanthropic ventures. His role within the Tata Trusts ensures his continued involvement in shaping the group’s charitable efforts, further cementing his place in the legacy of one of India’s most influential business families.
Ratan Tata’s will not only outlines the future of his estate but also reinforces the enduring nature of his values—values rooted in philanthropy, family, and close relationships that transcend generations. As the legacy of this great business leader continues to unfold, the personal gifts left to Mehli Mistry stand as a tribute to a lifelong bond of friendship and trust.
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