Ratan Tata, Tata Sons Chairman Emeritus and veteran industrialist, is reportedly in critical condition in intensive care at a hospital in Mumbai, news agency Reuters reported, citing two sources.
On Monday, the 86-year-old philanthropist said he was undergoing routine medical investigations due to his age and related medical conditions.
The report said that there was no update on his condition by a Tata representative as of Wednesday. It also stated that Tata has been admitted to Mumbai's Breach Candy hospital.
In a statement published on his social media profiles on Monday, Tata assured his health was fine and that there was no cause for concern.
Calling reports about his health "rumours" the respected industry leader said: "I am aware of recent rumors circulating regarding my health and want to assure everyone that these claims are unfounded."
"I am currently undergoing medical check-ups due to my age and related medical conditions. There is no cause for concern. I remain in good spirits and request that the public and media respect refrain from spreading misinformation," his statement read.
According to Reuters, the sources did not provide furter details on the nature of Tata's illness. One of the source is also said to be close to the Tata family.
In 1991, Ratan Tata became the chairman of the autos to steel conglomerate and ran the group until 2012. The Tata group was founded by his great-grandfather Jamshedji Tata more than a hundred years ago.
He founded telecommunications company Tata Teleservices in 1996 and took IT company Tata Consultancy Services public in 2004.
As per Tata company's website, Ratan Tata was conferred with the title of chairman emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals after he stepped down.