The NSD graduate had been suffering from Myelodysplastic Syndrome for last two years, said his friend Daulat Vaid.
"He died at 1:27 PM. He was kept on a ventilator for last three days. But he was declared dead today," Daulat told PTI.
The Assam-born actor started his career with theatres and worked with renowned playwrights including Ram Gopal Bajaj before trying his luck in Bollywood.
In 'Fukrey' he played the character of a drunkard who had loads of money but lived like a beggar on streets. He was last seen in national award-winning film 'The Lost Behrupiya' (2013), where he played the lead role.