The body of the 65-year-old actor was earlier in the day brought to Mumbai from Dubai, where he died after a cardiac arrest Friday.
Farooque's close friends and family members were inconsolable and shared their memories about him.
"I will never meet a person like him. His friendship matters a lot to me. I was lucky to find a co-star like him. He never did any film for money but only if he liked the script," Deepti Naval told reporters.
Sonali Bendre broke down in front of the media.
"I was shocked when I heard the news. I cannot eat biryani without him... whenever I will eat biryani, I will always remember him. He was so gentle and so humble," Bendre said.
Shabana Azmi, who did the play "Tumhari Amrita" with Farooque Sheikh for 21 years, said the curtain has fallen on the play.
"Parda gir gaya hai (curtain has fallen). This was our last play which we performed together on Dec 14 in Agra. There will be no show without Farooque."
"My last interaction with Farooque was when we did our play on Dec 14. I said it's been 21 years and we should stop this play. And he said 'Why are you saying this? In fact, we will continue this play for the next 21 years'," Azmi said.
Other Bollywood celebrities who attended the funeral included Javed Akhtar, Tabu, Farhan and Adhuna Akhtar, Shekhar Suman, Zoya Akhtar, Swara Bhaskar, Ila Arun, Rahul Bose and Sarikaa.
Farooque Sheikh is survived by his wife and two daughters.
