Satyanand Munjal, co-founder of Hero Cycles group, died a natural death at the age of 99 at his residence in Model Town, Ludhiana, early morning on Thursday.
Munjal was popularly known as ‘mahatma’ Satyanand Munjal for being devoted to several social causes related to the Arya Samaj.
Apart from building a business empire, his philanthropic acts such as Bahadur Chand Munjal (BCM) Arya schools, Hero DMC Heart Institute, Dayanand Medical College and Hospital (DMCH) remain his most notable works.
He undertook several new initiatives by keeping a regular track of the functioning of these institutions. Munjal also propagated teachings of the arya samaj extensively.
The funeral is scheduled to be held at 5 pm today at Model Town Extension crematorium.