The final rites of Ratan Tata were performed with full state honours at a central Mumbai crematorium on Thursday evening.

Mumbai police paid tribute to Tata with a gun salute. The industry titan’s family members, including his half-brother Noel Tata, and top executives from the Tata Group, such as chairman N. Chandrasekaran, were present at the crematorium in Worli.

Union home minister Amit Shah, his cabinet colleague Piyush Goyal, Maharashtra chief minister Eknath Shinde, his deputy Devendra Fadnavis, Congress leader and former chief minister Sushilkumar Shinde, among others, were also present.

The last rites were performed according to the Parsi tradition, one of the priests present at the crematorium said. After the funeral, there will be three days of rituals at the industrialist’s bungalow in Colaba, south Mumbai, he said. Tata, 86, a Padma Vibhushan recipient, died after a brief illness at a city hospital late on Wednesday night.

Tata’s mortal remains were kept at the National Centre for Performing Arts (NCPA) in south Mumbai from 10.30am to 3.55pm on Thursday for people to pay their respects.

The Gujarat government announced a one-day state mourning on Thursday.

In a statement, Gujarat chief minister Bhupendrabhai Patel expressed profound grief at Tata’s death, saying India had lost its “Ratan” (jewel) and that his death had left a void that can never be filled.

UK business and trade secretary Jonathan Reynolds paid homage to Ratan Tata as a “titan” of the business world who had played a huge role in shaping British industry.

Soon after the news of Ratan Tata’s death broke on Wednesday night, Reynolds took to social media to pay tribute to the man credited with much of the Mumbai-headquartered company’s reputation as one of the largest employers in the UK.

“Sad to hear about the passing of Ratan Tata. He was truly a titan of the business world and someone who played a huge role in shaping British industry,” Reynolds said.

The Indian high commissioner to the UK, Vikram Doraiswami, led a minute’s silence in memory of Ratan Tata during a pre-scheduled Diwali reception, co-hosted by the Indian mission in London.

During the event, co-hosted with the India All Party Parliamentary Group near the Houses of Parliament in London on Wednesday, Doraiswami described Ratan Tata as a great champion of the India-UK partnership.

“On a sombre note, I share the news with great sorrow of the passing of one of India’s most celebrated businessmen Ratan Tata,” said Doraiswami, addressing a cross-party gathering of parliamentarians, entrepreneurs and community leaders.

“No man has embodied the India-UK partnership quite as much as Ratan Tata did. This is a man for whom Mumbai/ India and London/ UK were both home,” he said.

“This is a man who created the sense of an India-UK partnership embodied in everything — from Air India, which is back as (a) Tata airline, to Jaguar Land Rover (JLR) to Taj Hotel to Tata Steel to indeed everything, including industries of the future with his decision to invest in a battery factory in the UK.”