The founder of Hero Cycles, OP Munjal was cremated at Model Town extension here on Friday, a day after he passed away due to cardiac arrest.
Hundreds of the people, including industrialists, politicians, factory workers and ordinary residents had gathered at the cremation ground to bid adieu to the doyen of the cycle industry.
Advisor to chief minister, Maheshinder Singh Grewal, and MLAs Surinder Dawar, Rakesh Pandey also attended the cremation and paid tribute to the departed soul.
The prominent industrialists who paid tribute to Munjal included Avon Cycles managing director Onkar Singh Pahwa, Jawahar Lal Oswal, SP Oswal, Kapil Jain, Anoop Thapar, Krishan Chand Agarwal, Charanjit Singh Vishwakarma, SS Bhogal, and Avtar Singh Bhogal.
As Munjal's body was being consigned to the flames, workers of the Hero Group remembered a "kind" boss and shared stories of his greatness.
"His motivation was beyond compare… it is rare to find such leaders," one mourner said. Munjal, 86, died at the Hero DMC Heart Institute where he had been admitted on Monday.
Born on August 26, 1928 in Pakistan, Munjal started a business of selling cycle spare parts in Amritsar in 1944 along with his brothers Vijay, Satyanand and Brijmohan.
They later shifted to Ludhiana and established a cycle-manufacturing company in 1956.
In the 1980s, Hero Cycles became the largest bicycle manufacturer in the world.
Munjal received the Indira Gandhi National Unity Award in 1990, the Sahir Award in 1994 for his contribution to literature, and later the Punjab Rattan Award for his contribution to business.