As of April 11, 2023, Forbes reported that Benu Gopal Bangur, who is 92 years old, has a net worth of USD 7.3 billion.
Benu Gopal Bangur, born in 1931, is one of the oldest billionaires in India and the chairman of Shree Cement. He hails from a Marwari business family in Kolkata and received his education from Calcutta University. Bangur is also known as a cement czar.
Benu Gopal Bangur’s grandfather, Mungee Ram Bangur, started the Bangur business empire in the late 19th century as a stockbroker. In 1991, the thriving business was divided among Balbhadra Das Bangur, Niwas Bangur, Kumar Bangur, Benu Gopal Bangur (all grandsons of Mungee Ram), and Laxmi Niwas Bangur (grandson of Ram Coowar).
As of April 11, 2023, Forbes has estimated that Benu Gopal Bangur, aged 92, has a net worth of USD 7.3 billion.
Benu Gopal Bangur resides in Kolkata and is a widower. He has two children. His son, Hari Mohan Bangur, has been managing Shree Cement since 1990.
Benu Gopal Bangur holds a major share in Shree Cement, a company that was established in Jaipur in 1979. The company sells cement under different brand names such as Shree Ultra Jung Rodhak, Bangur Cement, and Rockstrong.
Shree Cement plans to invest $200 million in a new cement plant in Andhra Pradesh.
Benu Gopal Bangur, a significant shareholder in Shree Cement, has played a crucial role in the company’s growth. Shree Cement, with a market capitalization of approximately Rs 89,750 crore, has become the third-largest cement company in India in terms of market cap.