NEW DELHI (Reuters) - Ratan Tata, the chairman emeritus of one of India's biggest conglomerates, Tata Sons, is in critical condition and in intensive care in a Mumbai hospital, two sources said on Wednesday. Tata, 86, said on Monday he was undergoing routine medical investigations due to his age and related medical conditions.

Ratan Tata, the former Tata Group chairman, has died at the age of 86, according to a statement from the Indian conglomerate.

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday.

Under Tata's leadership, the 155-year-old Tata Group became known as a "salt-to-software" conglomerate, with an empire ranging from Jaguar Land Rover and Tata Steel to aviation and salt pans.

Ratan Tata, former chairman of India’s oldest conglomerate Tata Sons, has died at age 86 in a hospital, his company says

Ratan Tata, chairman emeritus of Indian conglomerate Tata Group, said on Monday that he was undergoing age-related medical investigations and that rumours circulating about his health were unfounded.

Ratan Tata, the former chairman of Tata Sons, reassured his followers on Instagram that he's fine after rumors of his hospitalization for low blood pressure spread. He clarified that he is undergoing routine medical check-ups.

Ratan Tata said that health rumors about him are unfounded and he is undergoing routine medical check-ups due to age-related conditions.

Ratan Tata has issued a written note to clarify the status of his health. The note says that he is aware of the ‘rumours’ circulating about his health. He has called these claims unfounded and has expressed that he is currently undergoing medical checkups due to ill health.

Reports started doing rounds on social media that the industrialist is 'critical and had to be immediately admitted to the ICU'.