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Benu Gopal Bangur

Non-Executive Chairman, Shree Cements

Birth Details1932

NationalityIndian

LeagueBusiness Leader

EducationB.Com Honours, Calcutta University

Net Worth$6.7 billion (As of August 6, 2020)

Benu Gopal Bangur's Assets:

Shree Cement

Benu Gopal Bangur's Journey So Far ...

Benu Gopal Bangur was the first graduate from the Kolkata-based Bangur family, he received an honours degree in B.Com from the Calcutta University
One of the business houses that is still thriving since the British era, Mugnee Ram Bangur and his brother established the Bangur family business in 1915
By the 1960s, the Bangur family expanded their business to diverse fields like jute, tea, paper and cotton thereby becoming one of the wealthiest Marwari business families of India
However, with the economic liberalisation in 1990, the Bangur family was split into five. Benu Gopal Bangur inherited Shree Cement, which was started in Jaipur in 1979
Under the leadership of Bangur, Shree Cement expanded in a big way and became the fastest growing cement manufacturer. The company added many products that became household names like - Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong. It has also entered the domain of power generation
He set up plants across India, spent money on technology, invested in R&D and turned the cement manufacturer into a highly profitable venture
He handed over the management operations of the company to his son Hari Mohan Bangur in 2012. As a family patriarch, he guided his son and grandson Prashant Bangur to acquire Union Cement Company based out of Ras Al Khaimah in July 2018 for $305 million. The company had earlier acquired Jaiprakash Associates cement unit in 2014
By 2019, the Kolkata-headquartered firm was among the top three cement groups with a production capacity of 41.9 MTPA and among top 50 listed companies in India by market capitalisation. The company had a total turnover of Rs 11,722 crore and an operating profit of Rs 2898 crore

Before you go ...

Benu Gopal Bangur has been actively associated with philanthropic missions and donated a substantial amount of wealth to charitable institutions and trusts

Last Updated: 12/02/2021

Benu Gopal Bangur News

Shree Cement falls 5% as Q2 profit slides 67% YoY on higher expenses
The company further said its board has also approved the elevation of Managing Director Hari Mohan Bangur as its chairman, effective October 15, 2022, for the remaining period of his current tenure up to March 31, 2026, subject to shareholders' approval.