Meet West Bengal’s richest person, who has a massive net worth of Rs 631200000000, lives in lavish mansion, his name is…, business is…

New Delhi: The City of Joy, Kolkata, is home to many industries operated by leading public and private sector companies, with major sectors including steel, mining, minerals, cement, and more. But do you know who the richest man in Kolkata is? Meet Benu Gopal Bangur, the man who is at the helm of the multimillion-dollar business empire Shree cement.

Benu Gopal Bangur, the former Chairman of Shree Cement, is Kolkata’s richest man. According to Forbes, Bangur has a real-time net worth of a massive USD 7.6 billion (approximately Rs 63,120 crore).

Cement czar Benu Gopal Bangur gets his wealth from a majority stake in Shree Cement, one of India’s most cost-efficient cement producers. The business magnate’s humongous wealth is attributed to a majority stake in the cement manufacturing company, with a market capitalization of Rs 87,351 crore (as of August 2023), according to DNA India.

According to the company website, Shree Cement is “one of India’s top three (and one of the most cost-efficient) cement producers with an installed cement production capacity of 50.4 MTPA and power generation Capacity of 742 Mega Watts including renewable energy sources.”

All you need to know about Benu Gopal Bangur:

  • Benu Gopal Bangur is the richest man in Kolkata
  • Shree Cement was started in 1979 in Jaipur
  • The company used to 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 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.

Education

Benu Gopal Bangur holds a B. Com (Hons.) degree from Calcutta University. In October 2022, the 92-year-old businessman stepped down as Chairman of the Board of Shree Cement. His son Hari Mohan Bangur, a chemical engineer and IIT Bombay alum, is currently the Chairman of Shree Cement. Moreover, Benu Gopal’s grandson and Hari Mohan’s son Prashant Bangur is the Vice Chairman of the company. He holds an MBA in finance and logistics from the Indian School of Business, Hyderabad, and a Mathematics Honours from St. Xavier’s College, Kolkata. Benu Gopal Bangur is widowed with two sons.

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