Tributes have poured in for Indian billionaire Rakesh Jhunjhunwala, who has died at the age of 62.

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Jhunjhunwala, who made a fortune from the securities exchange, kicked the bucket on Sunday at an emergency clinic in Mumbai city.

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The clinic said that the reason for death was a "unexpected heart failure".

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Frequently called India's Warren Buffett, Jhunjhunwala had an expected total assets of around $5.8bn, as indicated by Forbes magazine.

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He was important for an age of financial backers who profited from the memorable 1991 changes, which opened up India's economy.

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Top state leader Narendra Modi drove the recognitions for Jhunjhunwala, who was ardently bullish on Indian securities exchanges.

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"He was truly adept at understanding organizations and had conviction, enthusiasm,

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 and extremely unpolished sentiments about things," said financial specialist Motilal Oswal, who set up one of India's driving businesses.

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