Bangur is the chairman of Shree Cement, the third biggest cement group in India. The Kolkata-based company has annual production capacity of more than 40 million tonnes and reported revenue of $2 billion in the year to March 31, 2022. Shree Cement operates across India and in the United Arab Emirates.
Benu Bangur's net worth of $6.17B can buy ...
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The majority of Bangur's fortune is derived from Shree Cement, an Indian cement manufacturer. The publicly traded company is the third biggest cement group in India and has annual production capacity of more than 40 million tonnes, according to its website.
He controls a 63% stake through a promoter group, which includes family members and holding companies, according to a June 2022 BSE filing. Bangur is credited with the entire stake to reflect his status as chairman and founder.
The value of his cash holdings is based on an analysis of share sales, dividends, market performance, taxes and charitable contributions.
Shree Cement didn't respond to phone requests for comment on Bangur's net worth.
Benu Gopal Bangur was born in India into the Kolkata-based industrial Bangur family in 1932. He studied communications at Calcutta University. When his family split its assets into five branches in 1991, Bangur inherited much of the cement division from his grandfather, Mugni Ram Bangur, and created Shree Cement.
He served as the executive chairman of Shree Cement until January 2012, when he handed the management of the company to his son Hari Mohan, who had been managing director. The Kolkata-based producer is among the top three cement groups in India and has an annual capacity of more than 40 million tons, according to its website.
Bangur lives in Kolkata with his family.