Tata was admitted to the Intensive Care Unit at Mumbai's Breach Candy Hospital on Monday morning.

Amid concerns over his health, Tata shared a statement on social media where he said he was undergoing check-ups.

He said, "I am aware of recent rumors (rumours) 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 refrain from spreading misinformation."

An industrialist, philanthropist and a national icon, Tata was the chairman of the Tata Group from 1990 to 2012. He was the interim chairman from October 2016 to February 2017.

He is the great-grandson of Jamsetji Tata, who had founded the Tata Group, a once-a-small company which has now become one of the major corporations in the world.

With products and services catering to 150 countries, Tata Group is the largest conglomerate in India.