Ratan Tata’s legacy: Half-siblings step up to lead family stakes in group firms

The Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which inherited shares in Tata group companies following the late industrialist Ratan Tata’s passing, are set for a major restructuring, reported The Times of India on Sunday.

As per the report, the late business icon’s half-siblings — Shireen and Deanne Jejeebhoy, along with Noel Tata — are expected to join as trustees, signaling continued family involvement in his stake in the conglomerate.

RTEF and RTET were established as legal custodians of Ratan Tata’s financial assets a few years before his death in October 2024. Tata, who owned 0.83% of Tata Sons — the group’s holding company — also held stakes in Tata Digital, Tata Motors, and Tata Technologies. According to TOI, these shares have now been willed to RTEF. Investments in startups will either be liquidated with proceeds directed to RTET or transferred directly to the trust. His estate is reportedly valued at over Rs 10,000 crore.


RTEF operates as a Section 8 company, while RTET functions under the Indian Trusts Act, with both organisations committed to education, healthcare, and the upliftment of vulnerable communities — causes that Ratan Tata personally championed. Both trusts will hold voting rights proportional to their stakes in Tata group companies.

The TOI report further stated that the current two-trustee structure at both organisations will expand to include six trustees for RTEF and seven for RTET. Tata Sons chairman N Chandrasekaran is anticipated to become managing trustee of both entities, playing a pivotal role in guiding their operations.

(With TOI inputs)