He was 36 and is survived by wife and two daughters.
Sources said that Shinde collapsed while celebrating a birthday party with his friends at a hotel at Mobor late last night. He was rushed to a private hospital at Cuncolim, but was later declared dead.
Shinde has been heading the Shinde group of companies, including Shinde Developers, Shinde packaging etc.
As the president of the Verna Industries Association, Shinde had launched a unique quiz program for SSC students.
