"The game of cricket has lost a great administrator who shifted the Home of cricket to India. I have lost a personal friend," he said in his condolence message from Hong Kong.
The 75-year-old Dalmiya, passed away at Kolkata city hospital on Sunday following a massive cardiac arrest. He is survived by his wife Chadralekha, daughter Vaishali and son Abhishek.
"I last met him in Kolkata last month. He was hopeful of recovering. Destiny however, decided otherwise," Jaitley said in his Facebook post titled 'Dalmiya Ji - A man in a league of his own'.
"To me it is a personal loss as we shared a warm personal relationship for over two decades."
He also recalled the Dalmiya's contribution in defending the BCCI's right to telecast its own cricket matches and support the game by the revenues generated from broadcasting rights.
"I first met him in the early nineties when he and Inderjit Bindra another veteran cricket administrator decided to take on the Government of India and defend the BCCI's right to telecast its' own cricket matches and support the game of cricket with the revenues generated by Television Broadcasting rights," he said.
Having economically empowered the BCCI with the TV money, he said, Dalmiya realised the power of the "eyeballs".
"India alone accounted for more than seventy five per cent of the TV audiences, an equal amount of sponsorship money and hence India's influence in the International Cricket Council would also increase. Dalmiya became the President of the ICC and India's influence in the world of cricket has never looked back," he said.
