Cyrus Mistry, 54, former chairman of Indian conglomerate Tata Sons, died in a road accident near the financial capital Mumbai on Sunday.
The accident befell on Sunday afternoon in Palghar, about a hundred kilometers (62 mi) north of Mumbai.
Palghar district's pinnacle police officer B. Patil stated Mistry used to be visiting from Gujarat to Mumbai with three others.
A senior Mumbai Police reliable stated the vehicle in which Mistry used to be travelling collided with the divider and died on the spot.
Following the information of Mistry's death, numerous distinguished politicians and industrialists tweeted their condolences.
Prime Minister Narendra Modi described Mistry's loss of life as premature and shocking.
"He used to be a promising enterprise chief who believed in India's monetary prowess. His passing is a awesome loss to the world of commerce and industry," Modi tweeted.
Tata Consultancy Services, in which Tata Sons holds a majority stake, stated it is condoling the premature dying of its former chairman
"He was once a warm, pleasant and accommodating man or woman who constructed sturdy ties with the TCS household in the course of his time as the company's president," TCS stated in a statement.