Hari Mohan Bangur
Hari Mohan Bangur | |
|---|---|
| Born | 1952 or 1953 (age 71–72)[1] |
| Nationality | Indian |
| Occupation(s) | CEO, Shree Cement |
| Children | Prashant Bangur |
| Parent | Benu Gopal Bangur |
| Relatives | Mugnee Ram Bangur (grandfather) |
Hari Mohan Bangur (born 1952/53) is an Indian businessman, the managing director (CEO) of Shree Cement.
Early life
He is the son of Benu Gopal Bangur, and 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]
Personal life
He has a son, Prashant, who is the joint managing director.[3][2]
References
- ^ a b c d Stocks. "Executive Profile: Hari Mohan Bangur". Bloomberg. Retrieved 13 May 2017.
- ^ a b c "Shree Cement's Bangurs Break Tradition To Emerge Among Asia's Richest". Forbes.com. Retrieved 13 May 2017.
- ^ a b c "How HM Bangur Turned Around Shree Cement". Forbes India. 18 November 2013. Retrieved 13 May 2017.
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