"Shashi Kapoor maintained his commitment with theatre through Prithvi Theatre," Rao said.
"Sad to hear about noted actor, producer #ShashiKapoor ji's demise. His contribution in Hindi film industry will be remembered forever. My deepest condolences to his family, friends and millions of fans," Fadnavis tweeted.
Kapoor, 79, took his last breath at the Kokilaben Dhirubhai Ambani Hospital here.
He made his debut as a leading man in the 1961 film "Dharmputra" and went on to appear in more than 116 films during '70s and until the mid '80s.
He was honoured with Padma Bhushan in 2011 and received the prestigious Dada Saheb Phalke award in 2015.
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