We are SHREE

One of India's most sustainable and fastest growing companies that embraces varied perspectives, bias to action and continuous innovation to create happiness for all its stakeholders

About us

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

3

cement groups in India

Among top

50

listed companies in India in terms of Market Capitalisation as on
31st March, 2020

A Nifty

50

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 44.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 742 Megawatts.

Our operations span across India and the UAE with 4 integrated plants in India, 1 in UAE and 8 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.

Quality and
Energy Conscious

Customer
Responsive

Socially
Responsive

Investor
Rewarding

Employee and
Environment Friendly

Sustainable
Organisation

Our Vision

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
Encourage
integrity of
conduct
Ensure
clarity in
communication
Remain
accountable to
all stakeholders
Encourage
socially
responsible
behaviour

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

dynamism

Prioritising opportunities and challenges to enable swift decision making. Being flexible in our approach to find effective business solutions

care

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 Bangur

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 Bangur

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 Bangur

Shri Prashant BangurJoint Managing Director

Shri Prashant Bangur is a MBA in Finance and Logistics from the Indian School of Business, Hyderabad and a Mathematics Honours from St. Xavier's College, Kolkata. He is a Committee Member of Indian Chamber of Commerce & Industry, Kolkata, a member of Managing Committee of Bharat Chamber of Commerce & Industry, Kolkata, and of Indian School of Business, Hyderabad. A strong proponent of sustainable development, Shri Bangur is a member of National Management Committee of the Cement Manufacturers' Association (CMA), which is the prime body for policy advocacy for the Cement Industry in India.
Shri RL Gaggar

Shri RL GaggarIndependent Director

Shri RL Gaggar is a B. A. (Hons.) from Calcutta University and is a renowned Solicitor and Advocate based at Kolkata. He is practicing as a Solicitor and an Advocate at the High Court of Kolkata for more than 50 years. He is also on the Board of Duroply Industries Ltd., TIL ltd, Paharpur Cooling Towers Ltd., Sumedha Fiscal Services Ltd., Machino Polymers Ltd., Subhash Kabini Power Corporation Ltd., International Combustion (India) ltd. and Mayfair Hotels & Resorts Ltd.
Dr YK Alagh

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

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 Somany

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 Desai

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 Shelgikar

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

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 Chhangani

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.

Management Team

Shri Diwakar Payal President (Marketing)

Shri Sanjay Mehta President (Commercial) & Chief Happiness Officer

Shri Arvind Khicha Jt. President (Commercial)

Shri KC Gandhi

Shri KC Gandhi Jt. President – Coal Procurement

Shri Shrinath Savoor

Shri Shrinath Savoor Jt. President (Strategy)

Shri Manmohan Rathi

Shri Manmohan Rathi Sr. Vice President (Power)

Shri SS Khandelwal

Shri SS Khandelwal Company Secretary and Chief Risk & Compliance Officer

Shri KK Jain

Shri KK Jain Vice President (Accounts & Contracts)

Shri Subhash Jajoo

Shri Subhash Jajoo Chief Financial Officer

Our Story

  • 1979
  • 1984
  • 1985
  • 1997
  • 2003
  • 2006
  • 2007
  • 2008
  • 2009
  • 2010
  • 2010
  • 2010
  • 2010
  • 2011
  • 2012
  • 2013
  • 2014
  • 2014
  • 2015
  • 2015
  • 2015
  • 2015
  • 2016
  • 2016
  • 2016-17
  • 2017
  • 2018
  • 2018
  • 2018
  • 2018
  • 2019
  • 2019
  • 2019
  • 2020

1979

Incorporation of the company

1984

Initial Public Offer & Listing on Bombay Stock Exchange

1985

First Integrated Cement Plant of 0.6 MTPA at Beawar, Rajasthan

1997

Second Integrated Unit at Beawar, Rajasthan Rights Issue in ratio of 1:5

2003

First Captive Power Plant in Beawar

2006

First Integrated Cement Plant (U-III) at Ras, Rajasthan

2007

First Grinding Unit at Khushkhera, Rajasthan

First Waste Heat Recovery Power Plant at Beawar, Rajasthan

2008

First Waste Heat Recovery Power Plant at Beawar, Rajasthan

First Cement Company in India to produce Synthetic Gypsum

2009

First Cement Company in India to produce Synthetic Gypsum

Cement Capacity reaches 10 MTPA

2010

Cement Capacity reaches 10 MTPA

World record commissioning of Kiln in 330 days (Unit VIII Kiln at Ras, Rajasthan)

2010

World record commissioning of Kiln in 330 days (Unit VIII Kiln at Ras, Rajasthan)

Grinding Unit set up at Suratgarh, Rajasthan

2010

Grinding Unit set up at Suratgarh, Rajasthan

Grinding Unit set up at Laksar (Roorkee)

2010

Grinding Unit set up at Laksar (Roorkee)

Recognised as ‘New Sustainability Champion’ by World Economic Forum

2011

Recognised as ‘New Sustainability Champion’ by World Economic Forum

300 Mega Watt Power Plant commissioned at Beawar, Rajasthan

2012

300 Mega Watt Power Plant commissioned at Beawar, Rajasthan

Commissioning of Integrated Unit (Unit IX) at Ras, Rajasthan

2013

Commissioning of Integrated Unit (Unit IX) at Ras, Rajasthan

Tenth Integrated Unit (Unit X) commissioned at Ras, Rajasthan

2014

Tenth Integrated Unit (Unit X) commissioned at Ras, Rajasthan

Entry into East with First Grinding Unit in Aurangabad, Bihar

2014

Entry into East with First Grinding Unit in Aurangabad, Bihar

2015: Cement Production Capacity reaches 20MTPA

2015

Cement Production Capacity reaches 20MTPA

First integrated unit in East India at Raipur, Chhatisgarh

2015

First integrated unit in East India at Raipur, Chhatisgarh

First Acquisition (Panipat Grinding Unit from JP Associates)

2015

First Acquisition (Panipat Grinding Unit from JP Associates)

Highest 5-Star Rating by Whitehopleman (First Time to any Cement Company in the world):

2015

Highest 5-Star Rating by Whitehopleman (First Time to any Cement Company in the world):

Entrepreneur of the Year award by Ernst Young India to Shri H. M. Bangur, Managing Director, Shree Cement Ltd.:

2016

Entrepreneur of the Year award by Ernst Young India to Shri H. M. Bangur, Managing Director, Shree Cement Ltd.:

Grinding unit commissioned in Bulandshahr, Uttar Pradesh

2016

Grinding unit commissioned in Bulandshahr, Uttar Pradesh

Total Revenue crosses Rs. 10,000 Crore

2016-17

Total Revenue crosses Rs. 10,000 Crore

Entrepreneur of the Year award by Forbes India to Shri H. M. Bangur, Managing Director, Shree Cement Ltd.

2017

Entrepreneur of the Year award by Forbes India to Shri H. M. Bangur, Managing Director, Shree Cement Ltd.

Going international with first overseas acquisition of Union Cement Company, Ras Al Khaimah, United Arab Emirates

2018

Going international with first overseas acquisition of Union Cement Company, Ras Al Khaimah, United Arab Emirates

Entry into south with commissioning of Integrated Unit in Kalaburagi, Karnataka

2018

Entry into south with commissioning of Integrated Unit in Kalaburagi, Karnataka

Commissioning of Grinding Unit at Sri Ganganagar, Rajasthan

2018

Commissioning of Grinding Unit at Sri Ganganagar, Rajasthan

1st Wind Power Generation Unit of 21 MW, commissioned in Karnataka

2018

1st Wind Power Generation Unit of 21 MW, commissioned in Karnataka

Two new brands launched – Roofon and Bangur Power

2019

Two new brands launched – Roofon and Bangur Power

Commissioning of Grinding Unit in Saraikela-Kharsawa, Jharkhand

2019

Commissioning of Grinding Unit in Saraikela-Kharsawa, Jharkhand

Qualified Institutions Placement (QIP) in November 2019 of Rs 2400 crore. First time capital increase since 1997

2019

Qualified Institutions Placement (QIP) in November 2019 of Rs 2400 crore. First time capital increase since 1997

A Nifty – Fifty Company. Inducted into National Stock Exchange’s Nifty -50 Index on 18 March, 2020

2020

A Nifty – Fifty Company. Inducted into National Stock Exchange’s Nifty -50 Index on 18 March, 2020

Excellence Awarded

Recognition from the industry and various other institutions, have been a testimony to our commitment to create value for all our stakeholders, serve the community and work towards sustainable ways of doing business.
ICC Corporate Governance & Sustainability Vision 2020

ICC Corporate Governance & Sustainability Vision 2020

Global Sustainability Award 2019

CII SCALE Logistics & Supply Chain Excellence 2019

CII SCALE Logistics & Supply Chain Excellence 2019

Best Quality Excellence 2018-19 by NCCBM

Best Quality Excellence 2018-19 by NCCBM

Best Risk Management Framework & Systems Sustainability by India Risk Management

State CSR Excellence Award 2019 by Govt. of Rajasthan

State CSR Excellence Award 2019 by Govt. of Rajasthan

Bhamashah Samman 2019 for CSR by Govt. of Rajasthan

Bhamashah Samman 2019 for CSR by Govt. of Rajasthan

Industry Champion Award 2019 by Rajasthan Chamber of Commerce & Industry

Industry Champion Award 2019 by Rajasthan Chamber of Commerce & Industry

CII Strong Commitment to HR Excellence 2019

CII Strong Commitment to HR Excellence 2019

Best in Cement & Building Materials by GPTW India ® 2020

Best in Cement & Building Materials by GPTW India ® 2020

India’s Top 100 Places To Work For by GPTW India ® 2020

India’s Top 100 Places To Work For by GPTW India ® 2020

Great Place to Work Certified by GPTW India ® 2020

Great Place to Work Certified by GPTW India ® 2020

Golden Peacock Award for HR Excellence 2019

Golden Peacock Award for HR Excellence 2019

Best Employer 2018 by The Employers Association of Rajasthan

Best Employer 2018 by The Employers Association of Rajasthan