Benu Gopal Bangur, also known as Billionaire Babumoshai, has achieved incredible success as the chairman of Shree Cements. With an estimated net worth of Rs 56,000 crore, he is considered one of the wealthiest individuals in Bengal and all of India.
Born in Kolkata in 1931, Bangur obtained an honors degree in business administration from Calcutta University. He joined the family firm, the Bangur Empire, which was founded by his grandfather, Mungee Ram Bangur, and his brother, Ram Coowar Bangur.
Under his leadership, the Bangur Empire expanded its operations and diversified into various industries in the 1970s. Benu Gopal Bangur took control of Shree Cements, one of the divisions, and transformed it into a major success. Today, Shree Cements is the third-largest cement company in India by market capitalization and renowned for its cost-efficiency and high-quality products.
The company’s cement is used in numerous iconic buildings in India, including the Taj Mahal Palace Hotel in Mumbai and the Akshardham Temple in Delhi.
The Bangur business empire was established by Mungee Ram Bangur, a former stockbroker, in the late 19th century. The enterprise was divided into five sections in 1991, with Benu Gopal Bangur inheriting and excelling in his division, Shree Cements.
Shree Cement Limited, the company Benu Gopal Bangur oversees, is a leading cement and clinker manufacturing company operating in six states in North and East India. It has a cement production capacity of 43.4 MTPA and offers brands such as Shree JungRodhak, Bangur, and Rockstrong. The company also engages in synthetic gypsum production and export of cement and clinker through its subsidiary, Shree Global Pte. Ltd.
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