The world of Shree Cement is one without boundaries – changing and challenging every day. We make cement and through it we touch lives of millions of people every day. From the house you live in, the roads you to drive on, to the bridges you cross, we strive to deliver unparalleled quality through our customised products and value added solutions.
Among the top
cement groups in India
listed companies in India in terms of Market Capitalisation as on
31st March, 2020
company inducted into National Stock Exchange's Nifty 50 Index
Since our founding year in 1979, we have been committed to the cause of sustainable, inclusive growth and this has been possible by building a culture that promotes continuous improvement, innovation, care and collaboration, through which we drive operational excellence in products, processes and people. This has made us a company that cares for its customers and has enabled us to serve markets across India and the Middle East. Shree Cement has a consolidated Cement Production Capacity of 47.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 752 Megawatts.
Our operations span across India and the UAE with 4 integrated plants in India, 1 in UAE and 9 Grinding Units. Shree Cement was also among the industry
pioneers for the use of alternate fuel resources in the production of cement and today we have the highest installed capacity of Waste Heat Recover Power plants in the world, second only to China.
While our past performance has been among the best in the industry we don't believe in resting on laurels since it breeds complacency. Instead, we take pride in a culture that encourages taking opportunities as challenges and pursuing them to build a competitive edge. And that enables us to continue to break new grounds, create new synergies and set new benchmarks.
Welcome to the world of Shree Cement where we create new records and better them consistently as a routine.
The Shree Philosophy
आ नो भद्रा: क्रतवो यन्तु विश्वत:
Let noble thoughts come to us from all over the World ~ Rigveda
At Shree we believe in imbibing and extending
these noble thoughts across all our functions.
Lead in creating prosperity and happiness for all stakeholders through innovation and sustainable practices.
As an organisation, we spread happiness amongst everyone connected with our ecosystem and create wealth for investors, employees. business associates and communities where we operate by experimenting and implementing new ideas for improving efficiencies and maximising the ratio of output product to input resources.
Our Guiding Principles
Enforce good corporate goverance practices
Our Values Our Strengths
passion for efficiency
Ensuring optimum outcomes in everything we do at work Achieve our targets consistently with minimal costs
trust and support
Believing in each other with mutual respect. Promoting honest and open communication. Building an environment of freedom with responsibility
creativity and innovation
Experimenting with new ideas to improve continuously Striving to take risk for adding value to the business
Prioritising opportunities and challenges to enable swift decision making. Being flexible in our approach to find effective business solutions
Being compassionate towards our communities and our environment Working together as one family; connect personally with each other Demonstrating humane touch in the way we work
Board of Directors
- Shri BG Bangur
- Shri HM Bangur
- Shri Prashant Bangur
- Shri RL Gaggar
- Dr YK Alagh
- Shri OP Setia
- Shri Shreekant Somany
- Shri Nitin Desai
- Shri SK Shelgikar
- Ms Uma Ghurka
- Shri PN Chhangani
Shri BG BangurChairman
Shri BG Bangur is a B. Com (Hons.) from Calcutta University. He is a Director in The Marwar Textile (Agency) Pvt. Ltd., Shree Global FZE, Shree Enterprises Management Ltd., Shree International Holding Ltd. and Union Cement Company (Pr. JSC). He has also been actively associated with various philanthropic and charitable institutions and trusts.
Shri HM BangurManaging Director
Shri HM Bangur, a Chemical Engineer from IIT, Mumbai, is the President of Rajasthan Foundation, Kolkata Chapter. He has been awarded with the prestigious EY Entrepreneur of the Year 2016 and the Forbes India Leadership Award, 2017. He is also the Chairman of "The Bengal" – an NGO actively engaged with Kolkata Police to help elderly people.
Shri Prashant BangurJoint Managing Director
Shri RL GaggarIndependent Director
Dr YK AlaghIndependent Director
Dr YK Alagh holds a Doctoral Degree and Master's Degree in Economics from University of Pennsylvania, and is a noted Economist. He is a Chancellor of Gujarat Central University and Vice Chairman of Sardar Patel Institute of Economic and Social Research, Ahmedabad. He is also a Trustee of Institute of Human Development, New Delhi and Chairman of Advisory Committee of N. M. Sadguru Water and Development Foundation, Dahod (Gujarat).
Shri OP Setia Independent Director
Shri OP Setia is a Masters in Commerce from Delhi University and an eminent Banker. He was the Managing Director of State Bank of India and has held many key positions in its associate banks.
Shri Shreekant SomanyIndependent Director
Shri Shreekant Somany is an industrialist who holds a Bachelor of Science degree from Calcutta University and is currently on the board of Somany Ceramics Ltd., SR Continental Ltd., Somany Bathware Ltd., Sarvottam Vanijya Ltd., Scope Vinimoy Pvt. Ltd., JK Tyre and Industries Ltd. And Indian Council of Ceramic Tiles and Sanitaryware. He is also the President of Indian Ceramic Society and Member of National Council – Confederation of Indian Industry (CII).
Shri Nitin DesaiIndependent Director
Shri Nitin Desai is a graduate from London School of Economics. He is the Chairman of the Governing Council of The Energy and Resources Institute (TERI), Honorary Professor at the Indian Council for Research in International Economics Relations (ICRIER) and Honorary Fellow of the London School of Economics and Political Science, UK. He is also a member of the National Broadcasting Standards Authority and on the Board of Shakti Sustainable Energy Foundation.
Shri SK ShelgikarIndependent Director
Shri Sanjiv Krishnaji Shelgikar is a veteran Chartered Accountant and has been practising since 1978. He has also contributed as special editor to the book, 'The Companies Act' written by A. Ramaiya. He is on the Board of Joy Holdings Pvt. Ltd., Archangel Leasing and Infotech Pvt. Ltd., Yunus Mumbai Foundation, Slum Dwellers Development India Pvt. Ltd., Microcredit Initiative of Grameen, Taegutec India Pvt. Ltd., Micro Housing Solutions India Pvt. Ltd., Black Swan Venture Capital Pvt. Ltd., Mobile Search Engine Pvt. Ltd. and NRS Micro Systems Pvt. Ltd.
Ms Uma Ghurka Independent Director
Ms Uma Ghurka is a BE in Electrical Engineering from the IIT, Madras and is the Managing Director in Thermo Cables Ltd. Awarded as Best Women Entrepreneur of the Year 1984 by then President Shri Giani Zail Singh, she founded the Thermo Group of Companies in 1979, a company which has a turnover of over 600 crores in less than 2 decades. She was also honoured as one of 50 leading entrepreneurs of the works in the year 1999.
Shri PN ChhanganiWhole Time Director
Shri PN Chhangani is a Chemical Graduate with over 34 years of rich experience in Cement and related industries. He was working with the company as President (Works) and supervising overall Cement Plant Operations of the company.
Shri Diwakar Payal President (Marketing)
Shri Sanjay Mehta President (Commercial) & Chief Happiness Officer
Shri Arvind Khicha Jt. President (Commercial)
Shri KC Gandhi Jt. President – Coal Procurement
Shri Shrinath Savoor Jt. President (Strategy)
Shri Manmohan Rathi Sr. Vice President (Power)
Shri SS Khandelwal Company Secretary and Chief Risk & Compliance Officer
Shri KK Jain Vice President (Accounts & Contracts)
Shri Subhash Jajoo Chief Financial Officer