Hari Mohan Bangur
Hari Mohan Bangur (born 1952/53) is an Indian businessman, the managing director (CEO) of Shree Cement.
Hari Mohan Bangur | |
|---|---|
| Born | 1952/1953 (age 67–68)[1] |
| Nationality | Indian |
| Education | IIT, Mumbai |
| Occupation | Businessman |
| Title | CEO, Shree Cement |
| Children | 1 son |
| Parent(s) | Benu Gopal Bangur |
Early life
He is the son of Benu Gopal Bangur, and great grandson of Mugnee Ram Bangur.[2]
He studied chemical engineering at IIT, Mumbai.[1]
Career
Bangur has been a director of Shree Cement since 1992, and is its CEO.[1]
In 2002 Shree Cement was in deep trouble, and he nearly agreed a 50/50 merger with the French cement company Vicat.[3] With his father's approval, he declined the merger and turned things around, increasing capacity ten-fold over a decade, and with the share price rising from Rs 45 ten years ago to Rs 4,500.[3]
As of 2016, the Bangur family owns 65% of Shree Cement.[2]
References
- Stocks. "Executive Profile: Hari Mohan Bangur". Bloomberg. Retrieved 13 May 2017.
- "Shree Cement's Bangurs Break Tradition To Emerge Among Asia's Richest". Forbes.com. Retrieved 13 May 2017.
- "How HM Bangur Turned Around Shree Cement". Forbes India. 18 November 2013. Retrieved 13 May 2017.
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