Ratan Tata, chairman emeritus of one of India's biggest conglomerates Tata Group, has passed away. He was 86.

He was admitted to the hospital due to age and health-related issues, according to the Times of India.

Indian Prime Minister Narendra Modi expressed his condolences over Ratan Tata's demise, describing him as a visionary business leader, a compassionate individual, and an extraordinary human being.

"Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India's oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared himself to several people thanks to his humility, kindness and an unwavering commitment to making our society better," Modi wrote in a post on X.