Followed this link for root password reset,
https://help.ubuntu.com/community/MysqlPasswordReset
However, hit below funny error
user:~/workdir/mysqlbak/5.6shrink$ sudo /etc/init.d/mysql start
* Starting MySQL database server mysqld X11 connection rejected because of wrong authentication.
No directory, logging in with HOME=/
[ OK ]
* Checking for tables which need an upgrade, are corrupt or were
not closed cleanly.
Googled , but no much can help.
Tried my luck to reboot the Ubuntu server, and it seems working fine now.