IIFL Kolkata/IBNS: Indian cement manufacturer Shree Cement has grabbed the first position in 'West Bengal inIIFL Wealth HurunIndia Rich List 2021' as Hurun Report India and IIFL Wealth unveiled the 2021 edition of ‘IIFL Wealth Hurun India Rich List 2021’ - a compilation of the richest individuals in India having a wealth of INR 1,000 Cr or more.
Shree Cement is followed by CESC, Rashmi Cements and Emami.
Shree Cement has also topped the IIFL Wealth Hurun West Bengal Rich List 2021 followed by CESC in the second spot.
The manufacturer, which is now headquartered in Kolkata, is run by Benu Gopal Bangur (executive chairman) and Hari Mohan Bangur (managing director).
The cumulative wealth of individuals in the West Bengal list registered a 57 percent increase compared to last year.
“Our country has emerged significantly stronger from the much critical pandemic situation. While the challenges were aplenty, the optimism of a fast recovery, has taken our indices to new highs in recent times. It is in these optimistic times, that we, at IIFL Wealth are proud to associate with Hurun India Rich List 2021.
"Being a wealth manager of choice, this report is not merely a compendium of wealthy business owners and professionals - but a reflection of how and where wealth creators are expanding their wealth. " says Anirudha Taparia, Joint CEO of IIFL Wealth, which manages an AUM of US$ 38 billion.
Commenting on the launch, Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “21 times in 10 years. The number of entrants in IIFL Wealth HurunWest Bengal Rich List has grown from just under 3 ten years ago to37 today.At this rate, in 5 years, I expect the list to grow to 100 individuals.The evolution of the IIFL HurunWest Bengal Rich List is a reflection of the entrepreneurial spirit of the Telugu community.”
The top five contributing industries are metals and mining, textiles, apparels and accessories, industrial products, construction materials, food and beverages and FMCG.
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