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

Ours is a world without boundaries. 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.

Welcome to the world of Shree Cement where we create new records and better them consistently as a routine.

Our Story


A company was incorporated, a dream was born


Initial Public Offer and listing on Bombay Stock Exchange, little did anyone know that it would be an investors’ favourite in the coming decades


First Integrated Cement Plant of 0.6 MTPA commissioned at Beawar in Rajasthan


Second Integrated Unit is commissioned at Beawar in Rajasthan making the total production capacity 1.5 MTPA


Rights Issue to shareholders in the ratio of 1:5


A new dawn with the first Captive Power Plant in Beawar


An Integrated Cement Plant (U-III) commissioned at Ras, 48 kms west of Beawar. A site that was to be among the largest clinker producing units in the world


First Grinding Unit comes up in Khushkhera, Rajasthan, flagging of our split grinding unit strategy. This significant reduced our logistics cost, allowing us to price our products in an efficient manner


The first Waste Heat Recovery Power Plant is commissioned at Beawar, Rajasthan


We become the first company to manufacture Synthetic Gypsum, a chemical replacement of mineral gypsum. We are awarded a patent for it by the Government of India in the year 2017


Cement Capacity reaches 10 MTPA


Unit IV - VIII commissioned in Ras bringing the cement production capacity to 10 MTPA.


In order to get closer to the markets, two grinding units are set up in Suratgarh, Rajasthan and Laksar (Roorkee), Uttarakhand


Our commitment towards being the greenest cement manufacturing company gets recognised and our Whole Time Director, Mr. Prashant Bangur is recognised as ‘New Sustainability Champion’ by the World Economic Forum. We are the only cement company to be nominated.


A thermal power plant of 300 Mega Watt is commissioned at Beawar, Rajasthan and we venture into power sales


Nimbeti mines continues to fuel our expansion plans and Unit IX is commissioned at Ras, soon to be followed by Unit X in 2014 and two grinding units


We enter the eastern market with our grinding unit in Aurangabad Bihar. This becomes one of our largest grinding units with the highest dispatch in the years to come. Meanwhile, we continue to expand in north and Unit X is commissioned at Ras, Rajasthan


We reinforce our position in the east of India with the commissioning of an integrated unit in Raipur, Chhatishgarh. Our production capacity continues to grow and we reach 20MTPA.


We experiment to grow inorganically with an acquisition of a Grinding Unit in Panipat, Haryana from JP Associates


This is a momentous year as we get the Highest 5-Star Rating by Whitehopleman, UK, first time to any cement company in the world


Our Managing Director, Mr. Hari Mohan Bangur is awarded as Entrepreneur of the Year by Ernst Young India.


We add another grinding unit in Bulandhshahr, Uttar Pradesh and our total revenue crosses INR 10,000 Crore


Forbes India recognises Mr. Hari Mohan Bangur, Managing Director as Entrepreneur of the Year


We establish country wide presence with the commissioning of an Integrated Unit in Kalaburagi, Karnataka. Another grinding unit is commissioned in Sri Ganganagar, close to the existing one in Suratagarh


This is the year we make our first overseas acquisition of Union Cement Company, Ras Al Khaimah, United Arab Emirates


A step ahead in Green Energy with the commissioning of our 1 st Wind Power Generation Unit of 21 MW, in Karnataka


Born through an extensive research, two premium brands launched – Roofon and Bangur Power


Our presence in east is fortified with the commissioning of a Grinding Unit in Saraikela-Kharsawa, Jharkhand


Shree Cement is a part of the prestigious Nifty 50 on 18 March, 2020


Shree Cement is among for its commitment towards being a Great Place to Work for consistently being recognized among India’s best.


We register our manufacturing footprint with the commissioning of a grinding unit in Purulia


The Chairman, Mr. Hari Mohan Bangur, is nominated among India’s Most Trusted Leaders by Great Place to Work India


Launch of the new Bangur identity and Bangur Magna Cement

The Shree Philosophy

आ नो भद्रा: क्रतवो यन्तु विश्वत:

Let noble thoughts come to us from all over the World ~ Rigveda

We believe in imbibing and extending these noble thoughts across all our functions, which makes us an organisation that is

Quality and Energy Conscious
Customer Responsive
Investor Rewarding
Employee and Environment Friendly
Socially Responsive
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


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


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

creativity and innovation

Experimenting with new ideas to improve continuously Striving to take risk for adding value to the business


To extract the essence and keep communication simple

trust and support

Believing in each other with mutual respect. Promoting honest and open communication. Building an environment of freedom with responsibility

passion for efficiency

Ensuring optimum outcomes in everything we do at work Achieve our targets consistently with minimal costs

Chairman Emeritus

Mr. Benu Gopal Bangur

Mr. B.G. 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. He was the Chairman of the Board of Shree
Cement Limited before he stepped down in October 2022.

Shri BG Bangur

Board of Directors

Shri Prashant Bangur

Mr. Prashant Bangur

Vice Chairman

Mr. 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.

Mr. Neeraj Akhoury

Managing Director

Mr. Neeraj Akhoury is an industry veteran with 28 years of experience in the cement and steel industry, where he has worked in leadership roles in India and other emerging markets. He started
his career in Tata Steel in 1993 and joined the Holcim group, six years after in 1999, where he worked for two plus decades. He was a member of the Executive Committee of Lafarge India
heading Corporate Affairs and Sales. He moved to Nigeria in 2011 as the Managing Director & CEO of Lafarge AshakaCem PLC, after which he was appointed as Director for Strategy & Business Development for Middle East & Africa at the Lafarge headquarters in Paris. He was also the CEO of Lafarge Suma Cement Limited and the Country representative of Holcim Bangladesh. In February 2017, he was appointed as the Managing Director & CEO of ACC Limited and took over as CEO Holcim India, Managing Director & CEO, Ambuja Cements Limited, and Non- Executive Director, ACC Limited. He was on the board of Governors at National Council for Cement and Building Materials (NCCBM) constituted by the Ministry of Commerce & Industry, Government of India, and the Vice President of Cement Manufacturers Association of India.

Shri Nitin Desai

Mr. Nitin Desai

Independent Director

Mr. 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

Mr. Sanjiv Krishnaji Shelgikar

Independent Director

Mr. 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.

Shri Shreekant Somany

Mr. Shreekant Somany

Independent Director

Mr. 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).

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 Zubair Ahmed

Mr. Zubair Ahmed

Independent Director

Mr. Zubair Ahmed has Post Graduate degree from St. Stephen’s, Delhi University. He is a senior business leader with outstanding credentials of over 40 years in managing businesses across Asia,
Middle East and Africa in companies such as Unilever, Gilette India, and GSK Consumer Healthcare, where he was appointed as a Chairman in his last assignment. Since 2018, he has been working as an advisor to some of the leading private equity and consumer companies in India.

Shri HM Bangur

Mr. Hari Mohan Bangur


Mr. Hari Mohan 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, and among India’s most trusted leader by Great Place to Work India in 2023. He is also the Chairman of “The Bengal” – an NGO actively engaged
with Kolkata Police to help elderly people.

Management Team

Mr. Behram Sherdiwala

Chief Human Resources Officer

Mr. Kamlesh Kumar Jain

Sr. Vice President – Finance & Accounts

Mr. Kirit Chhaganlal Gandhi

President – Fuel Procurement

Mr. Manmohan Rathi

Jt. President – Power Management

Mr. MSR Kaliprasad

Chief Digital Officer

Mr. Sanjay Mehta

President – Procurement & Corporate Affairs

Mr. Shailesh Ambastha

President - Sales

Mr. Shyam Sundar Khandelwal

Chief Compliance Officer & Company Secretary

Mr. Subhash Jajoo

Chief Finance Officer

Mr. Vijay Patil

Sr. Vice President - Strategy & Performance Management

Mr. Sushrut Pant

Jt. President – Marketing

Mr. Arvind Khicha

Jt. President – Taxation & Insurance


Acknowledgement from the industry and reputed 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

Certified as a Great workplace by Great Place to Work, India in March 2023

India's Best Workplaces Building a Culture of Innovation

India’s Best Workplaces in Manufacturing – Top 25 in January 2023

Significant Achievement in HR Excellence by CII in March 2023

Among India’s Most Sustainable Companies by Business World in June 2023

Certified Green Product by CII – Green Products & Services Council in April 2023