Indian Prime Minister Narendra Modi praised Tata as "a visionary business leader", saying he's "extremely pained" by the death. Tata ran the conglomerate for over20 years as chairman.

Tata, who led a business empire while touching numerous facets of Indian life with his philanthropy, died of age-related health complications. He was 86.

Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman Natarajan Chandrasekaran confirmed Tata's death and described him in a statement as his "friend, mentor, and guide." He did not provide a cause of death.