A qualified Electrical Engineer, Srinivasan was a well- known industrialist and Chairman of WS Industries, Chennai.
He was formerly the National President of the Confederation of Indian Industries (CII).
He had served in Sri Sathya Sai organizations in various capacities and retired from its trusts due to health conditions, said the Sri Sathya Sai Central Trust in a statement.
"In spite of his age-related ailments, Sri Srinivasan was still active in participating in Sai functions," it said.