Bloomberg Billionaires Index

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# 387 Benu Bangur $6.24B

Random fact: Largest cement maker in northern India.


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.

As of :
Last change -$63.5M ( -1.0%)
YTD change -$290M ( -4.5%)
Biggest asset SRCM IN Equity
Country / Region India
Age 91
Industry Commodities
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Benu Bangur's net worth of $6.24B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

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.


Family: Widowed, 2 children

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.

  • 1979 Shree Cement is incorporated in Jaipur.
  • 1991 Bangur family formally splits assets among five branches.
  • 1996 Commissions second cement planet, Raj Cement in Beawar.
  • 2004 Grandson Prashant Bangur joins Shree Cement.
  • 2006 Son Hari Mohan Bangur met with Warren Buffett.
  • 2012 Steps down as executive chairman of Shree Cement.
  • 2014 Announces acquisition of Jaiprakash Associates cement unit.
  • 2015 Sets up integrated cement plant in Raipur, India.