Ludhiana-based biz tycoon Abhey Oswal dies at 67

City-based industrialist Abhey Oswal died in Moscow on Tuesday following a cardiac arrest.

City-based industrialist Abhey Oswal died in Moscow on Tuesday following a cardiac arrest.

Oswal, 67, had gone to a research centre at the Russian capital to launch some medicines developed by his company. (HT File photo)

Oswal, 67, had gone to a research centre at the Russian capital to launch some medicines developed by his company.

The body will be brought to Delhi. Many industrialists from Ludhiana are expected to attend the cremation that will be held on Thursday.

Oswal had undergone a bypass surgery around eight years ago. He is survived by wife Aruna Oswal, two sons --- Pankaj Oswal, Shailendra Oswal --- and daughter Shalu Jindal. Shalu is married to former MP and Haryana industrialist Navin Jindal.

Son of late Lala Vidya Sagar Oswal and brother of leading industrialists Jawahar Oswal, Jangi Lal Oswal and Neelam Oswal, Abhey owned Oswal Agro Mills Limited and Oswal Green Tech.

Originally from Ludhiana, Oswal moved to Delhi in 1990. Currently, he oversaw work of Mohan Dai Oswal Cancer Hospital in Ludhiana.