Veteran film producer Narayan Das Narang, who has bankrolled many Tollywood movies, has passed away. He was 76 when he breathed his last in Hyderabad on Tuesday.

Indin film critic and trade analyst Taran Adarsh confirmed the news on his Twitter handle with a condolence message. "Extremely sad to hear about the demise of Shri #NarayanDasNarang ji, a hugely respected personality of the #Telugu film industry... #NarayanDas ji was Chairman of #AsianGroup and an eminent producer, exhibitor and financier... Deepest condolences to his family... Om Shanti," his tweet read.