Hari Mohan Bangur

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Hari Mohan Bangur
Born1952or1953(age 72–73) [1]
NationalityIndian
Education IIT Bombay
OccupationBusinessman
TitleCEO, Shree Cement
Children2
Parent Benu Gopal Bangur

Hari Mohan Bangur (born 1952/53) is an Indian businessman, who is the managing director of Shree Cement.

Contents

Early life

He is the son of Benu Gopal Bangur, and great grandson of Mugnee Ram Bangur. [2]

He studied chemical engineering at IIT Bombay. [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

  1. 1 2 3 Stocks. "Executive Profile: Hari Mohan Bangur". Bloomberg. Retrieved 13 May 2017.
  2. 1 2 3 "Shree Cement's Bangurs Break Tradition To Emerge Among Asia's Richest". Forbes.com. Retrieved 13 May 2017.
  3. 1 2 3 "How HM Bangur Turned Around Shree Cement". Forbes India. 18 November 2013. Retrieved 13 May 2017.


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