The name of 93-year-old Benu Gopal Bangur is also included in the list of top-100 rich people in Hurun India Rich List 2024, who is also the richest person in Bengal. This Indian billionaire is a big name in the cement sector and he is the executive chairman of Bangur Shree Cement. He is among the oldest billionaires in the Hurun list and his net worth is more than Rs 65,000 crore. Let us know how Benu Gopal took his family business to great heights and made his place among the richest people in the country…
Owner of property worth 65800 crores
Bangur Shree Cement’s Executive Chairman Benu Gopal Bangur is also known as billionaire Babu Moshai. Hurun has included him at 32nd position in the list of 100 richest people of India. If we look at the total net worth of the 93-year-old Kolkata-based rich man, it (Benu Gopal Bangur Net Worth) is Rs 65,800 crore and this year his wealth has increased by 15 percent. According to Forbes’s Billionaires Index, in terms of wealth, Benu Gopal Bangur is ahead of big billionaires like NR Narayana Murthy and Nusli Wadia.
This is how he got the command of the cement business
Bangur Group is one of the oldest business houses in the country and it was founded in 1919 by Benu Gopal Bangur’s grandfather Mungi Ram Bangur and his brother Ram Kuvar Bangur. Shri Cement was established in Jaipur, Rajasthan in 1979. Benu Gopal Bangur was born in 1931 and inherited the business skills. Bangur Group’s business is spread across many sectors and in 1991 it was divided into five divisions, out of which the responsibility of the cement sector was handed over to Benu Gopan Bangur.
Benu Gopal Bangur took over as the Chairman of Shree Cement in 1992 and using the inherited business skills, he took Shree Cement from rags to riches. With the expansion of the business, his wealth also increased at a rocket speed and he became one of the richest people in the country.
The company’s stock reached here in two decades
The growth of the company under the leadership of billionaire Babumoshai can be estimated from the fact that today the market value of Shree Cement has reached Rs 92120 crore. Talking about the company’s shares, Shree Cement Share has traveled from Rs 30 to Rs 25500 in the last two decades. That is, with the increase in Benu Gopal’s wealth, the investors who invested in the shares of this company have also become rich. On 6 July 2001, the price of one share of Shree Cement was Rs 30.30, which reached Rs 25,531 on the last trading day Friday, according to this, investors have got a return of 84,160.73 percent in 23 years.
Benu Gopal lives in a 51000 square feet mansion
Benu Gopal Bangur is originally a resident of Kolkata. He had obtained a B.Com degree from Calcutta University. After reaching this stage of age, since 2002, the reins of his cement business are handled by his son Hari Mohan Bangur, who is the managing director of the company. Hari Mohan has obtained a degree in Chemical Engineering from IIT Mumbai. Benu Gopal Bangur, who is included in the Hurun Rich List, lives in a luxurious mansion in Kolkata with his family. According to Forbes, his mansion is spread over about 51,000 square feet. Which is equipped with other luxury facilities including home theater, gym and temple.
Source (PTI) (NDTV) (HINDUSTANTIMES)