Benu Gopal Bangur
Non-Executive Chairman, Shree CementsBirth Details1932
NationalityIndian
LeagueBusiness Leader
EducationB.Com Honours, Calcutta University
Net Worth$6.7 billion (As of August 6, 2020)
Benu Gopal Bangur's Assets:
Benu Gopal Bangur's Journey So Far ...
Before you go ...
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
- Expect 8-10% industry volume growth for FY-25: Mohan Bangur, Shree CementSo, in the next three quarters, the demand has to meet around 9% to 10% to make up for the lost time. In the first quarter, there were elections, there were water shortage, uncertainty of election results were there, now all those is over.
- 73% IPOs trading above issue price as primary market shines in H1, four turn multibaggersThe fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
- Third Eye: Om Birla praised by SP MP, Ram Gopal Yadav faces Delhi rain chaos, and Parliament security hurdlesNewly elected Samajwadi Party MP from Rampur, Mohibullah Nadvi, recently met Om Birla to congratulate him on his re-election as Lok Sabha Speaker. Meanwhile, heavy rains lashed Delhi, causing waterlogging in several areas, including residences of Parliament members like Ram Gopal Yadav. Additionally, the December 2023 security breach at Parliament has resulted in increased security measures, making entry tougher for journalists and visitors.
- Video: Delhi floods 'ruin' houses of politicians including Shashi Tharoor, Ram Gopal Yadav, AtishiA heavy downpour caused widespread waterlogging in Delhi, leaving several MPs stranded outside their residences during the ongoing Parliament session. The flooding disrupted daily life for both the public and high-profile politicians, highlighting the city's inadequate drainage system.
- Bharti Airtel spends Rs 6,857 cr in 5G auction, secures spectrum for 20 yearsIn the latest spectrum auction, Bharti Airtel secured 97 MHz of spectrum in key circles for 20 years at Rs 6,857 crore, including 15 MHz acquired by Bharti Hexacom for Rs 1,001 crore. This move bolsters Airtel's sub-giga hertz and mid-band holdings, enhancing coverage and customer experience.
- Darshan, now prisoner no. 6106, in tears as family visits him in jail; Ram Gopal Varma compares murder case to 'elephant attacking a dog'Kannada actor Darshan, currently in judicial custody for the murder of his fan S Renukaswamy, had an emotional meeting with his family and actor friend Vinod Prabhakar in Bengaluru's Central Prison. Darshan broke down while meeting his wife Vijayalakshmi and son Vineesh, discussing legal strategies and receiving support. Filmmaker Ram Gopal Varma commented on the case's scale, likening it to an "elephant attacking a dog."
- Aye Finance raises $30 million in debt from Dutch development bankFMO is the Dutch entrepreneurial development bank, with a mission to empower entrepreneurs to build a better world. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. Aye's net profit in FY24 grew nearly three-fold at Rs 161 crore while revenue was 67% higher at Rs 1072 crores as compared to the numbers in the preceding fiscal.
- MF investors keep faith in equity, invest Rs 34k cr in MayMutual fund investors committed record funds to equities in May, looking beyond event risk posed by the election outcome. New fund offers (NFO) of sectoral funds drew ₹34,697 crore to the category, with SIPs rising to ₹20,904 crore, and debt funds seeing inflows of ₹42,295 crore.
- AAP suspends ex-MLA Nitin Tyagi for 'anti-party' activitiesAAP suspended former MLA Nitin Tyagi for alleged "anti-party" activities during Lok Sabha polls, claiming he was punished for "speaking the truth." Delhi convener Gopal Rai cited Tyagi's involvement in anti-party actions and suspended him pending disciplinary proceedings. Tyagi criticized the decision, questioning if truth-telling is now considered anti-party behavior.
- AAP to go solo in Delhi Assembly polls, no alliance with Congress: Gopal RaiOn being asked about fighting Vidhan Sabha elections with the INDIA alliance, Delhi Minister Gopal Rai says, "It is clear from the beginning that the INDIA alliance was formed for the Lok Sabha Elections. We fought Lok Sabha elections together but in Delhi Vidhan Sabha Elections, there is no alliance in the country. We will fight the Vidhan Sabha elections together with the people of Delhi..."AAP to go solo in Delhi Assembly polls, no alliance with Congress: Gopal Rai
- AAP to go solo in Delhi Assembly polls, no alliance with Congress, confirms Gopal RaiIn the just concluded Lok Sabha elections, the Bharatiya Janata Party (BJP) won all 7 seats of Delhi. PM Modi-led saffron party contested in all seven seats, while AAP fought on 4 and Congress 3 - Chandni Chowk, North East Delhi and North West Delhi. The AAP had fielded its candidates in East Delhi, West Delhi, New Delhi, and South Delhi.
- Rajkummar Rao opens up about his journey to stardom: 'Took me around two years to get my first acting job'Rajkummar Rao recently shared insights into his journey in Bollywood, revealing that it took him around two years to land his first acting job. Despite initial challenges and no backup plan, Rao persisted in pursuing his passion for acting. He emphasized the importance of mid-budget content-driven films and expressed optimism about their reach and impact. Rao's latest release, "Mr. & Mrs. Mahi," showcases his versatility as an actor.
- Bharti names Sharat Sinha CEO of Airtel BusinessBharti Airtel appoints Sharat Sinha as CEO of Airtel Business, effective June 3, 2024. Sinha, with extensive global experience from Checkpoint Software Technologies Ltd and other tech giants, aims to bolster Airtel's portfolio in connectivity and adjacent sectors. Both Sinha and Airtel's management express confidence in enhancing customer value and technological innovations.
- Airtel to deploy FWA on SA network, full scale impact likely in FY2Q: Gopal VittalBharti Airtel is deploying fixed wireless access (FWA) services in 25 cities. The full-scale impact is anticipated in the second quarter, crucial for 5G monetization and follows a standalone architecture approach like Reliance Jio.
- Senior IPS officers A Y V Krishna, N Venu Gopal appointed additional directors in CBIIPS officers A Y V Krishna and N Venu Gopal appointed as additional directors in CBI. Krishna, from CRPF, and Venu Gopal have tenures up to 2028 and 2027, respectively. Orders specify their appointments.
- Vi's Rs 18,000-cr fundraise will increase competition, but it's good for Indian telecom, says Airtel's Gopal VittalThe Airtel managing director said that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low.
- AAP launches 'Washing Machine's Black Magic' campaign to target BJPThe Aam Aadmi Party on Tuesday launched the 'Washing Machine Ka Kaalu Jaadu' campaign to target the BJP and "expose" its "claim of fighting and ending corruption". The campaign was launched by AAP Delhi state convener Gopal Rai and cabinet minister Saurabh Bharadwaj. Rai is also a minister in the Arvind Kejriwal government.
- Adi Kailash yatra begins, first batch of pilgrims arrives at Dharchula base campThe Adi Kailash yatra began with 49 pilgrims heading to Jolingkong. The temple at 18,500 feet attracts devotees, with the yatra lasting 7 days per batch for 500 pilgrims. Operations are from May to June, closed in July and August, and resume in September.
- 'Operation Panja': Is the BJP government on the edge in Haryana?Haryana faces political turmoil as independent MLAs withdraw support from the BJP government. State Congress leaders have sought a meeting with the governor. JJP had demanded President's rule and a no confidence motion, adding to the political uncertainty.
- Lot of consolidation happening in cement industry at a faster pace: HM Bangur, Shree CementIn organic expansion the biggest thing is you do not buy whatever is left out. You create something. Number one, it is good for the local area because something new is coming up and somebody has to put the new unit. In European countries this is the way because their capacity need is over, it is only changing hands.
- Smriti Irani hits back at Ram Gopal Yadav’s 'bekar Mandir' remark, says 'people will reply…'Amethi (UP): Union Minister and BJP’s candidate from Amethi, Smriti Irani hits back at Samajwadi Party leader Ram Gopal Yadav’s remarks on Ram Temple. In an interview with a Hindi television news channel on May 7, Ram Gopal Yadav, termed the Ram Temple a ‘bekar Mandir’ (flawed and useless temple), adding that it was not built in accordance with Vastu.Smriti Irani hits back at Ram Gopal Yadav’s 'bekar Mandir' remark, says 'people will reply…'
- SP's Ram Gopal Yadav calls Ram Temple 'bekar', CM Adityanath says the statement shows the reality of SPSamajwadi Party leader Ram Gopal Yadav's critique of the Ram temple in Ayodhya as "useless" has sparked controversy. Yadav's remarks, alleging construction flaws, drew sharp criticism from Uttar Pradesh Chief Minister Yogi Adityanath. Adityanath accused Yadav and the opposition INDIA bloc of exploiting religious sentiments. He warned against challenging divine authority and labeled Yadav's statement an insult to millions of Ram devotees, condemning it as a ploy for political gain.
- Yadav family members in focus in third phase of Lok Sabha polls in UPIn the third phase of Lok Sabha elections in Uttar Pradesh, ten parliamentary constituencies will go to polls, drawing attention to several key candidates. Dimple Yadav seeks to retain the Mainpuri seat, while Akshaya Yadav aims to reclaim Firozabad. Aditya Yadav, son of SP's Shivpal Yadav, debuts in Budaun. Other notable contenders include Union Minister SP Singh Baghel, Kalyan Singh's son Rajveer Singh, and candidates from various parties like BJP and Congress.
- Lok Sabha Elections 2024: 'Democracy will win, dictatorship will lose…', AAP's Gopal Rai targets BJPAhead of the Lok Sabha elections, Delhi Minister and AAP leader Gopal Rai reached Gujarat’s Vadodara on April 30. He added that this time dictatorship will lose, Constitution and democracy will win. Delhi Minister and AAP leader Gopal Rai said, “the whole country wants to end the dictatorship to save the Constitution. If this dictatorship doesn’t end nobody will be able to speak. People are voting against them (BJP) and we are hopeful that this time there will be a big change in Gujarat and the INDIA alliance will win here. In the last two phase of elections, people have given the idea that dictatorship is going to end.”Lok Sabha Elections 2024: 'Democracy will win, dictatorship will lose…', AAP's Gopal Rai targets BJP
- Ashok Leyland, South Indian Bank ink pact for dealer financing"We are extremely happy to partner with Ashok Leyland Ltd. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to dealers," South Indian Bank Senior General Manager and Group Business Head Biji SS said in a statement on Friday.
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