"Laxman passed away at 6.50 PM," Dr Sameer Jog of Deenanath Mangeshkar Hospital, said.
Laxman, the creator of ubiquitous mute spectator 'Common Man', was admitted to the hospital on January 17 for urinary infection. He later suffered multi-organ failure and was put on ventilator.
He is survived by wife Kamala and son Srinivas, a former journalist.