The screen icon of the sixties, seventies and eighties - who was a member of the famed Kapoor Khandaan - took his last breath at the Kokilaben Dhirubhai Ambani Hospital here.
Kapoor earned acclaim for his performance in notable Hindi films which include Deewaar, Satyam Shivam Sundaram, Junoon, Shaan, Namak Halaal and others. Shashi Kapoor was the youngest after Raj and Shammi Kapoor and though he made his adult debut in 1961, he really came into his own in the 1970s when he was one of the busiest actors around.
He had been suffering from ailments for the past few years.
Shashi Kapoor was honoured with Padma Bhushan in 2011 for his contributions to Art-Cinema.
Kapoor appeared in 116 films out of which he played the protagonist in 61 of the movies.
Shashi, whose real name was Balbir Raj Kapoor, was related to Prithviraj Kapoor and Raj Kapoor.
The legendary actor was married to the late English actress Jennifer Kendal, with whom he established the Prithvi Theatre in 1978. The late actor was felicitated by 2014 Dadasaheb Phalke Award.
The actor is survived by his three children: Karan, Kunal and Sanjana Kapoor.
Raj Kapoor, who died in 1988, was also a famous Hindi cinema actor.
The actor had a remarkable bonding with fellow veteran actor Amitabh Bachchan, with whom he worked in around 12 films. He was a part of a number of British and American films. James Ivory directed Kapoor in the first Merchant Ivory production The Householder, then in Shakespeare-Wallah, Bombay Talkie and Heat and Dust while Ismail Merchant directed him in In Custody (1993).
"Sorry to hear of the demise of Shashi Kapoor, well-known actor, with a repertoire of Indian and global films". His death has left generations of Bollywood fans shocked and grieving.