According to reports, the filmmaker, who was one of the founders of Mumbai's Filmalaya Studios, had not keeping well for a long time.
His cremation will be held at Mumbai's Vile Parle Crematorium in late afternoon.
He is well known for his films - Hum Hindustani (1960) and Leader (1964), starring Dilip Kumar and Vyjayanthimala.
His wife Krishna Mukerji is a playback singer and their son Raja is a director.