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, the influential industrialist who transformed the Tata Group into a global powerhouse, passed away at 86 in Mumbai. The Maharashtra government has declared October 10 a day of mourning in his honor.