I've it up in gunicorn.conf.py file as given here:
proc_name = "gunicorn"
default_proc_name = "gunicorn"
I referred the gunicorn docs https://docs.gunicorn.org/en/stable/settings.html
And run the service like:
gunicorn --name "gunicorn" -c gunicorn.conf.py wsgi:app
Even if you don't specify the --name flag, the default is set to be gunicorn.
and when the gunicorn service starts, it sets the values correctly and logs like: