Benu Gopal Bangur

About Benu Gopal Bangur

Cement czar Benu Gopal Bangur gets his wealth from a majority stake in Shree Cement, one of India's most cost-efficient cement producers.

Shree, which was started in 1979 in Jaipur, sells branded cement under the names of Shree Ultra Jung Rodhak, Bangur Cement and Rockstrong.

Bangur hails from a storied business clan in Kolkata and got control of Shree Cement in the 1990s after a family split.

Today the company is run by his son Hari Mohan, who was appointed chairman in October 2022 after Bangur stepped down. His grandson Prashant is vice chairman.

In July 2023, the federal Ministry of Corporate Affairs issued an inspection order alleging improper filing of income tax returns by Shree Cement. The company denied any tax evasion.