Hari Mohan Bangur (born 1952/53) is an Indian businessman, who is currently the Managing Director of Shree Cement.
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]
Personal life
He has a son, Prashant, who is the joint managing director.[3][2]
References
- ↑ 1.0 1.1 1.2 Executive Profile: Hari Mohan Bangur. Bloomberg.
- ↑ 2.0 2.1 2.2 Shree Cement's Bangurs Break Tradition To Emerge Among Asia's Richest.
- ↑ 3.0 3.1 3.2 How HM Bangur Turned Around Shree Cement. Forbes India(18 November 2013).