Benu Gopal Bangur: A Billionaire Business Tycoon
Benu Gopal Bangur is the chairman of Shree Cement which was founded in 1979 which is the leading cement maker in Northern India. He has a net worth of $6 billion.
Now Shree Cement is considered as one of India’s largest cement makers. Bangur’s wealth is derived from a 65% stake in Shree Cements. His interests were jute, paper, cement and power. It offers its products like Shree Ultra Ordinary Portland Cement, Shree Ultra Jung Rodhak, Bangur Cement and Tuff Cemento 3556. It has opened new cement-powder units in Bihar and Rajasthan and one more in Uttar Pradesh. A new cement plant is built in Chattisgarh in eastern India. It also started producing power in the name of Shree power and Shree Mega power. Power is produced from waste heat recovery methods.It also operates thermal power plants.
Under his guidance the company has achieved more than $1 billion revenues in its initial years which was a big achievement for the company. Today, he has a net worth of $6 billion. He also bought a factory for $58 million from Jaypee. Now the company is run by his son Hari Mohan Bangur since 1990. Hari completed his graduation as chemical engineer from IIT. His has a son Prashant who is a graduate from the Indian School of Business heads the strategy.
Life of Mr. Bangur
Benu Gopal was born to a business family from Kolkata in the year 1931. He completed his B.Com degree from Calcutta University. The Bangur business empire was started in the 19th century by Mungee Ram Bangur who was a Calcutta stockbroker and his brother Ram Coowar Bangur. All the businesses were divided into five groups to increase their business growth in 1992. He also started charitable institutions and trusts in Kolkata so that people can be benefited from some of his earnings. He also runs a Sanskrit school to promote Indian heritage. He lives in his own mansion in Kolkata which features Lord Venkatesh temple. He loves volleyball and has a volley ball court in his mansion.