i. The co-founder of Hero Cycles group Satyanand Munjal passed away in Ludhiana, Punjab. He was 99.
ii. He was popularly known as ‘mahatma’ Satyanand Munjal for being devoted to several social causes related to the Arya Samaj.
About Satyanand Munjal
He had co-founded hero group with his three brothers including Om Prakash. He had played important role in success of Hero Cycles group staring from bicycle spare parts business with his three brothers.
He had served as a Co-Chairman and Managing Director (MD) of Hero Cycles Ltd. Apart from building a business empire, Munjal also propagated teachings of the arya samaj extensively.
He was known for his philanthropic acts such as Bahadur Chand Munjal (BCM) Arya schools, Hero DMC Heart Institute, Dayanand Medical College and Hospital (DMCH).
He had undertaken several new initiatives by keeping a regular track of the functioning of these institutions.