"Dadi Balsara, living at Taj Man Singh Hotel for the past 37 years, was declared brought dead by doctors at Max hospital. He was taken there by hotel staff as his condition deteriorated last night. His wife predeceased him in 2009 and the couple had no children," said Additional Commissioner of Police (New Delhi) S B S Tyagi.
Balsara, who had two brothers, was under regular heart treatment at Max hospital, said Tyagi, adding he once owned the Himalayan mineral water company.
As he had been living for so long, the hotel was in some sort of agreement with him and he was given the suit on discounted rates which was somewhere around Rs 15,000 per day.
Balsara, an NRI from Singapore, had started Mount Everest Mineral Water Limited in 1991 which was later acquired by Tata group in 2001 which today markets the mineral water under the brand name HIMALAYAN.
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Around Rs 250 crore is in Balsara's account, police said, while adding he had wished to give some of the money to his relatives and the rest to charity.
"Prima facie there is no foul play and it seems to be a natural death. But we will still get the postmortem done tomorrow," Tyagi said.