Ratan Naval Tata, the 86-year-old industrialist, philanthropist, and former chairman of Tata Sons, was admitted to Breach Candy Hospital in Mumbai in the early hours of Monday following a significant drop in blood pressure. Hospital sources confirmed that Tata was brought in around 12:30 am and was promptly moved to the Intensive Care Unit (ICU) for close monitoring.

However, in response to media speculation about his condition, Tata issued a statement reassuring the public that there was no need for concern. He refuted reports suggesting his health was critical and explained that his hospitalization was part of routine medical check-ups related to his age and existing health conditions.

“I am aware of recent 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,” Tata wrote in a social media post. “There is no cause for concern. I remain in good spirits and request that the public and media refrain from spreading misinformation.”

Tata, who led the Tata Group as chairman from 1990 to 2012, and again briefly as interim chairman in 2016-2017, remains at the helm of Tata Trusts, the charitable arm of the group. Under his leadership, Tata Sons expanded its global footprint and cemented its place as a leading Indian conglomerate.

Widely admired for his philanthropy and business acumen, Tata has received some of India’s highest civilian honors, including the Padma Vibhushan in 2008 and the Padma Bhushan in 2000. Beyond his role at Tata Group, he is a strong supporter of India’s startup ecosystem, having personally invested in over 30 startups.

As of now, his health is being closely monitored, and further updates are awaited from Breach Candy Hospital.