He was 80.
Ghosh leaves behind his wife - Hindustani classical vocalist of Patiala gharana Sanjukta Ghosh - his famed percussionist son Pt Bickram Ghosh, daughter-in-law Jaya Seal Ghosh and two grandsons.
Ghosh, who had been admitted to the hospital following heart ailment, was in coma since past 40 days and died at 9 PM today, Jaya Seal Ghosh told PTI.
The legendary classical exponent, who is the mentor of Bickram Ghosh, had been admitted in the ICU of a super- speciality hospital on E M Bypass, since mid December and underwent angioplasty on December 14.
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After being initially admitted with cardiac problems, Ghosh had developed symptoms of pneumonia and geriatric complications and had multi-organ failure in the last few hours, the bereaved family said.
"He had been suffering from pneumonia with a background of ischaemic heart disease. Old age, diabetes and hypertension had added to the problems," a statement released by the hospital said.
The 80-year-old, amongst the most well-known tabla players in the country, was awarded the prestigious Sangeet Natak Akademi Award in the year 2000.
Ghosh trained mainly with legendary Pandit Gyan Prakash Ghosh. Ustad Feroz Khan, Pandit Anath Nath Bose and Pandit Sudarshan Adhikari were his other teachers and he followed the Farukhabad gharana of Hindustani classical music.
He had taught tabla to a large number of students not only in Kolkata but also in Europe. He also received the ITC Sangeet Research Academy award and the Ustad Hafiz Ali Khan award.
Away from India, he collaborated with artists like Greg Ellis, Pete Lockett and John Bergamo.
He had also done 'jugalbandi' with celebrated classical musicians like sitarists Pandit Ravi Shankar and Ustad Vilayat Khan and violinist Pandit VG Jog and earned rave reviews.
A pall of gloom descended over the city's music fraternity as news of his death spread and many prominent personalities from the art and culture world rushed to the hospital.