The 75-year-old Kapur is acknowledged for shifting Indian advertising from English to an "Indian idiom. Kapur was on the board of directors of several companies including adhesives major, Pidilite.

Ikea founder Ingvar Kamprad is no more.

The 91-year-old billionaire passed away on 27 January at his mansion in Smaland, Sweden.

Multinational Ikea, which has 412-stores worth USD 72bn across dozens of countries (including India), has long been the world's largest furniture retailer.

According to the Bloomberg Billionaires Index, Kamprad was the world's eighth-richest person. The wealth was accumulated by producing furniture for the masses that was affordable and easy to transport. The Ikea flat packs revolutionised the way in which tables, chairs and other items could be stored and shipped, before being assembled by the customer. 

At the core of the Ikea furniture was packaging plus the Ikea catalogues, which.

In a statement, the company described Kamprad as 'one of the greatest entrepreneurs of the 20th century' and said his end was peaceful.