India is becoming a new hub for billionaires. The number of wealthy individuals in the country is increasing rapidly year after year. The M3M Hurun India Rich List 2025, released last October, noted that the number of Indian billionaires has now exceeded 350. This list features young, female, and elderly billionaires. Among them is Benu Gopal Bangur, West Bengal’s richest man. The 94-year-old is reported to have a net worth of over Rs 62,000 crore.
94-years-old and worth billions
Forbes’ Billionaires List shows Benu Gopal Bangur ranked 24th among Indian billionaires. His net worth is estimated at $7.1 billion (over Rs 62,979 crore). He served as the chairman of cement giant Shree Cement until 2022, and the company is now headed by his son, Hari Mohan Bangur. The cement firm has a market capitalization of Rs 98,450 crore.
Shree Cement Company
Shree Cement is the third-largest cement company in India. The firm sells its products under the brands Shree Ultra Jung Rodhak and Bangur Cement Rockstrong. Founded in 1979 by Benu’s grandfather, Mungi Ram Bangur, and his brother, Ram Kuvar, in Beawar, Rajasthan, the Bangur Group is one of the country’s oldest business houses. Its headquarters are now in Kolkata. It also produces and sells power under the name Shree Power (captive power plant) and Shree Mega Power. The company entered the Ready-Mix Concrete (RMC) segment in 2024 and currently operates 21 RMC plants.
How Benu Gopal Gained Command?
In 1991, the Bangur Group was split, and its various businesses were divided into five categories. Benu was chosen to lead the cement company. He quickly transformed the inherited cement business, taking it to great heights. As the business grew, Benu’s net worth also increased, and he joined the list of the country’s richest people.
Bangur Family
Belonging to a Marwari family, Benu is originally from Kolkata. He graduated in commerce from Calcutta University. The Benu Gopal family, included in the list of billionaires, resides in a luxurious mansion in Kolkata. According to reports, Benu’s house spans approximately 51,000 square feet and is equipped with 7-star amenities. It boasts a home theater, a gym, and a temple, among other luxury facilities.
Growth of Shree Cement company
Under the leadership of Benu, Shree Cement’s business has steadily grown, and the company’s stock has also risen simultaneously. The price of this stock (Shree Cement Share Price), listed on the Indian stock exchange, was just Rs 30.30 on July 6, 2001, and was trading at Rs 27,250 during Monday’s trading. During this period, the price of this cement stock has jumped to Rs 27,304.70.
Bangur’s Wealth Surpasses Some of India’s Richest Billionaires
In terms of wealth, Bengal’s richest man, Benu Gopal Bangur, surpasses many of the country’s billionaires. If we look at the Forbes Real Time Billionaires list, he is ahead of Nusli Wadia (₹56,768 crore), Sanjiv Bajaj (₹55,881 crore), Infosys co-founder NR Narayana Murthy (₹39,915 crore), and M&M Chairman Anand Mahindra (₹38,141 crore).
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