Dasmunshi also served as the President of the All India Football Federation for nearly 20 years.
Reacting to Dasmunsi's death, Delhi Soccer Association (DSA) president and former AIFF and FIFA official, Shaji Prabhakaran, expressed sorrow at the news.
"Sad to hear about the demise of former Union Minister and veteran political leader Priya Ranjan Dasmunsi", Kovind said in a tweet.
Dasmunsi's popularity among Congress supporters was such that his name was included in the 90-member campaign committee for the West Bengal Assembly elections in 2016. "His death is an irreparable loss and I pray for peace for his soul and family", said Sonia Gandhi. "His family members including wife Deepa Dasmunsi and their son were at his bedside at that time", Apollo hospital authorities said.
Dasmunsi's body is to be taken to the Congress headquarters on Akbar Road in New Delhi, where top party leaders, including vice-president Rahul Gandhi, will pay their homage to the leader.
According to sources, Apollo Hospital said in a statement that Priya Ranjan Dasmunsi died at 12:10 p.m today afternoon. He made major contributions in professionalising football in the nation and beginning the National Football League.More news: 7.3-Magnitude Earthquake Rocks Iran and Iraq, Tremors Felt in Israel
More news: Pentagon releases sexual assault data
More news: Tesla Reveals Electric Semi-Truck, New Roadster Sports Car
He was sworn in as Union Minister of State, Commerce in 1985.
Dasmunsi, aged 72, was in coma after suffering a stroke in 2008. Later, he was shifted to his home.
Senior CPM leader and present Raiganj MP Md Salim said Dasmunsi build up Congress organisation in the state without issuing threats as witnessed in contemporary Bengal politics.
Following his bright academic career, Das Munshi joined the Indian Youth Congress and soon graduated to earning a ticket to the Lok Sabha constituency in 1971.
The Congress leader had suffered a brain stroke in 2008 and was admitted to AIIMS. "Otherwise, he could have done more in his political life", she added.
At the time of the stroke that left him paralyzed, he was heading India's Information and Broadcasting Ministry under the previous Congress-led United Progressive Alliance government.