 "Ravi Parthasarathy")
Former non-executive chairman of IL&FS Ravi Parthasarathy died at age 70 in Mumbai on Wednesday morning after a prolonged illness, said media reports.
He was suffering from cancer and had been hospitalised in Mumbai since last November.
Parthasarathy passed away at his home in Mumbai, a report said quoting his family.
An alumnus of IIM Ahmedabad, Parthasarathy joined IL&FS as president in 1987 when the company was founded and became the CEO in 1989. He became the chairman of the company in 2006.
Parthasarathy resigned from his post in 2018, citing medical conditions.
He was alleged of being at the centre of a multicrore IL&FS
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