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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
38 minutes ago
- News18
Titan Shares In Focus As Jewellery-Maker Reports 20% Rise In Consumer Business In Q1FY26
Last Updated: Titan Share Price: Titan registered a growth of 20 per cent YoY in Q1FY26 for consumer business. Titan Shares Price: Titan shares will remain in focus today, July 08 over the first quarter business update for the financial year 2025-26. The company registered a growth of 20 per cent YoY in Q1FY26. Moreover, it added 10 stories during the quarter expanding Titan's combined retail network presence to 3,322 stores. The gold price volatility, as the company noted, affected consumer sentiment, resulting in a softening of demand from May to mid-June. However, the Akshaya Tritiya period saw good traction. Jewellery domestic operations grew 18 per cent YoY in the quarter. Buyer growth was flat (YoY) for both TMZ and CaratLane. Other segment such as watches clocked a strong quarter of 23 per cent YoY growth led by analog driven by both volume and value growth. Sonata led the growth charts for the quarter, followed by Titan and well supported by Fastrack and International brands, all clocking healthy double-digit growths. In the eye-care segment of Titan, the business grew at the rate of 12 per cent YoY led by performances across retail and e-commerce, by both International and House brands. Though the company had shut a net 20 domestic stores for the quarter. In the emerging business, Fragrances saw an impressive growth of 56 per cent YoY led by volume growth in SKINN and Fastrack. Meanwhile, Women's Bags grew at the rate of 61 per cent YoY and Taneira grew at the rate of 15 per cent YoY driven by value growth in Sarees. Titan's shares fell 0.50 per cent on Monday to end at Rs 3666.85 apiece. Titan is a leading jewellery and other accessories maker firm with a market cap of Rs 3.25 lakh crore. Part of the Tata Group, the company is a constituent of BSE Sensex. First Published: July 08, 2025, 08:41 IST
India.com
39 minutes ago
- India.com
Masterstroke by Mukesh Ambani as Reliance plans to invest Rs 4170000000000 in…, Morgan Stanley says…
Reliance gets huge business of... starts venture with world's largest asset manager, its name is..., Mukesh Ambani's earnings to go up by... New Delhi: In a major step, Mukesh Ambani-led Reliance Industries is bracing for a massive leap, charting an ambitious course to unlock its next USD 50 billion in value creation from its current USD 240+ billion market cap. The company is reportedly betting on green energy and generative AI. According to a Morgan Stanley report, the Mukesh Ambani-led conglomerate could be entering its most transformational phase yet. 'We believe new energy and AI infrastructure will drive this next leg, funded by strong earnings from its existing energy business—which could outperform expectations. The consumer business also has solid valuation support,' the brokerage firm said. Morgan Stanley said that at the heart of Reliance's pathway is the integration of its new energy business with AI infrastructure, particularly at its Jamnagar complex. The Gen AI infrastructure in Jamnagar is expected to be ready in two years. It is important to note that RIL sees its New Energy business being 'more ambitious, far more transformational, and far more global in scope than anything it's ever done before'. Reliance's green push and AI ambitions: A perfect combination With an aim to capitalize the growing global demand for green energy and AI capabilities, the RIL is transforming energy hub to monetize its energy production through powering chemicals, data centers, and refineries. To recall, Reliance in its Q3FY25 earnings call had announced that it plans to build a 1GW data center capacity powered by NVIDIA's Blackwell chips. According to estimates by Morgan Stanley, the 1GW facility alone would need approximately 678k B100 chips. If RIL were to use around 200MW for its own purposes, it would need about 135k B100 chips. Further, the 1GW facility when scaled up, which normally needs 4-5 years from startup, would require approximately 1.3GW of round-the-clock power, which Reliance's new energy ecosystem is designed to supply. Reliance's new energy vertical While clean energy and AI form the bedrock of future growth, Reliance's traditional businesses continue to provide the cash and scale to back this transformation. Morgan Stanley has estimated that Reliance's New Energy division — covering solar, batteries, green hydrogen, and carbon capture — could create up to $60 billion in value, highlighting its potential as a major driver of future growth. The shift from fossil fuels to clean energy will allow Reliance to sustainably power its refineries, chemical plants, and digital infrastructure. The company is spreading its renewable energy presence. It is important to note that the group's 10 GW solar manufacturing chain, targeted for 2026, along with its green hydrogen facility in Kandla, is expected to further reduce costs and enhance vertical integration.
India Gazette
43 minutes ago
- India Gazette
Union Minister Jyotiraditya Scindia highlights 'rapid growth' of Northeastern states fulfilling PM's resolve
Indore (Madhya Pradesh) [India] July 8 (ANI): Union Minister for Development of the North Eastern Region (DoNER), Jyotiraditya Scindia, on Monday highlighted the rapid progress being made in India's Northeastern states and reiterated Prime Minister Narendra Modi's 'resolve' to make the Northeastern region the 'growth engine' of India. Interacting with media on Monday in Indore, Scindia said, 'The Prime Minister's resolve is to make the Northeastern region the growth engine of India. The Government of India is working with that same resolve, based on which, whether it be social development or infrastructure, all eight states are moving forward with renewed enthusiasm.' Scindia noted that while the national GDP growth rate currently hovers around '6-7%', the eight Northeastern states are witnessing an impressive growth rate of '11-13%', reflecting the impact of sustained government efforts and targeted investments. He also cited the success of a major Northeast Investment Summit held on May 23. 'On May 23, an investment summit was organised for the Northeastern states. In that, an investment of Rs 4.18 lakh crore was secured for all eight states... There is full hope that our eight states will not only bring a new dawn for India but also for the Global South,' he mentioned. Meanwhile, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Monday announced multiple initiatives by the government to boost the waterways and maritime sector in the Northeast region. 'With an investment of Rs 5,000 crore earmarked, the Union Government has drawn up major initiatives in this regard,' Sonowal said. He said that, over the past 11 years, the Ministry of Ports, Shipping and Waterways (MoPSW) has transformed India's maritime sector with record growth in cargo handling, capacity and coastal shipping. Major ports have nearly doubled their capacity, cruise tourism is rising with ambitious new terminals, and 50,000 youth from the Northeast will be trained for maritime jobs. 'Key legislative and digital reforms, green shipping initiatives, and projects like the Kaladan Multi-Modal Transit Transport Project are strengthening regional connectivity and trade. India's ports are now globally competitive, with nine ranking in the World Bank's top 100, and Visakhapatnam Port reaching the top 20,' Sonowal said. Addressing a press conference in Guwahati, Sonowal said, 'Under the visionary leadership of Prime Minister Narendra Modi, we have revitalised India's maritime sector as never before. From historic growth in port capacity and cargo handling to pioneering green shipping, cruise tourism and skill development for our youth -- these achievements reflect the Modi government's unwavering commitment to make India a global maritime powerhouse and drive inclusive development across every coastal and riverine region.' (ANI)
