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The 67-year-old actor was battling cancer since 2018 and was treated in the US for a year and had returned to India in September 2019.
He was hospitalized on Wednesday due to some breathing problems.
The actor was the second son of late actor Raj Kapoor and the sibling of Randhir, Ritu Nanda, Rima Jain, and Rajeev Kapoor.
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Kapoor was part of hit films such as Amar Akbar Anthony, Laila Majnu, Rafoo Chakkar , Sargam, Karz, Bol Radha Bol and others. In the later stage of his career, he was seen in films such as Kapoor and Sons, D-Day, Mulk, and 102 Not Out.
The actor was last seen in Emraan Hashmi’s The Body and had recently announced his next project, a remake of Hollywood film The Intern, also featuring Deepika Padukone.
Kapoor, who had been quite active on social media, had not posted anything on his Twitter account since April 2.