The Gamdevi police said Jaideep was alone in his ninth-floor apartment in Somerset Building in the plush Warden Road area when the incident took place, said the police.

According to senior police inspector DC Wilson attached to Gamdevi police station, Jaideep’s body was found on the bed. There was signs of strain on his face and froth oozing from his mouth as in case of usual suicide cases, Wilson said.

A suicide note has been found from the bedroom. The police have refused to divulge its contents.

The police said the body was sent to JJ Hospital late in the evening and a post-mortem report will reveal the actual time and cause of death.

Jaideep’s death came to light around 4 pm when his mother Anita with her elder son Nihal rushed to their Warden Road apartment. They were alarmed when nobody attended thetelephone. Jaideep’s mother has taken serious after the incident.

Jaideep Garware’s tryst with business started when he firmed up plans for a chain of departmental stores which failed to take off. Later, he focussed his energies on paint business apart from taking active interest in the family business ranging from polyester to shipping.

Married to Ramona Narang, the couple were seen all the high parties in Mumbai circles.

"I cant belive this," reacted an industrialist close to the family. Adding further he said that "Jaideep was such a nice guy to have thrown his life at a very early age. Though he was passing through a bad patch in his personal life nobody expected him to do such a thing," said another friend.

The house of Garware traces its orgin to Balachandra Digambara Garware who had single-handedly built up the business empire from his humble beginnings as a film financier. Born into a middle-class Maharashtrian family, BD Garware, ventured into second-hand car business and film financing at avery early age.

Enormous wealth that he had accumulated from the businesses was invested in a relatively unknown field of plastics in the early sixties. Garware Plastics, the company he had formed for the manufacture of plastic products, reached the nadir of success in the early seventies.

By then, Garware had established himself as a successful businessman in the Indian corporate firmament with more and more ambitious plans in the pipeline. Mid-seventies saw Garware group diversifying into polyester, nylon wall ropes and a slew of other areas.

"BD Garware was a great visionary and whatever he had touched later proved to be huge successes," said a person who had been associated with Garware for a long period of 30 years.

BD Garware’s sons- Sashikant Garware, Chandrakant Garware, Ashok Garware and Ramesh Garware- took over the reins of the company with each assuming responsibilities in different companies in the beginning of eighties. BD Garware died in the early nineties without living to see theempire that he had painstakingly built up falling like a pack of cards.

Garware group’s downfall started in 1991 due to the arrival of powerful corporate rivals on the scene. By 1993, the group companies was deep in the red with debts jumping to astronomical levels.