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Mohini Mohan Dutta News: Ratan Tata, the esteemed former chairman of the Tata Group, who passed away on October 9, 2024, has named a mystery man in his will, reportedly passing on a wealth of Rs 500 crore to him. According to a report, the inner circle is perplexed as the individual's association with the beneficiary is known to only a few. The man has been identified as an entrepreneur named Mohini Mohan Dutta, reported Economic Times.

Ratan Tata passed away at the age of 86 at Mumbai's Breach Candy Hospital. His death marks the end of an era characterised by remarkable leadership, groundbreaking innovation, and generous philanthropy.

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Who is Mohini Mohan Dutta?

Mohini Mohan Dutta is an entrepreneur in Jharkhand's Jamshedpur. He owned a travel agency called Stallion. In 2013, it merged with a subsidiary of the Taj Group of Hotels, Taj Services.

Mohini Mohan Dutta and the family held 80 per cent stake in Stallion; the remaining was owned by the Tata Group. Dutta was also a director of TC Travel Services, an erstwhile affiliate of Thomas Cook. Mohini Mohan Dutta was an associate of Ratan Tata and was known to his family circles, reported ET.

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Dutta has two daughters. One of them worked for Tata Trusts for nine years. She was an employee of Taj Hotels before that. ET reported citing sources that Mohini Mohan Dutta used to describe himself as being close to Tata family members.

He reportedly met Ratan Tata in Jamshedpur at the Dealers' Hostel when the latter was 24. They had known each other for 60 years. He had said that Ratan Tata "built me up".

Ratan Tata Will

According to a Times Of India report, Ratan Tata's Rs 10,000 crore will encompass various assets, including a 2,000-square-foot beach bungalow in Alibaug, a two-story residence on Juhu Tara Road in Mumbai, fixed deposits totalling over Rs 350 crore, and a 0.83 per cent share in Tata Sons, the parent company of the USD 165-billion Tata Group. These assets are set to be transferred to the Ratan Tata Endowment Foundation (RTEF).