Shree Cement
Shree Cement is India's third-largest cement producer with 69.3 MTPA domestic capacity, manufacturing Portland and specialty Bangur-branded cements for housing, infrastructure and commercial construction customers through a 17,000+ dealer network and captive power operations.
- Company typePublic
- Founded1979
- HeadquartersKolkata, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Shree Cement does
Shree Cement Limited is one of India's top three cement producers, headquartered at Beawar, Rajasthan with corporate operations in Kolkata, manufacturing integrated cement, Portland Pozzolana, Portland Slag and Ordinary Portland Cement variants, plus specialty products under the 2024-launched Bangur master brand (Magna, Powermax, Rockstrong, Jungrodhak, Roofon, Total, Marble). The company operates 69.3 MTPA of cement capacity in India and 73 MTPA globally across integrated and split grinding units in Rajasthan, Uttar Pradesh, Chhattisgarh, Bihar, Haryana, Jharkhand, Karnataka, Odisha, and the UAE (via the 2018-acquired Union Cement Company in Ras Al Khaimah), supported by 888.55-1,137.50 MW of installed power generation capacity including renewable energy sources and the world's largest installed waste heat recovery power plant base. Customers are individual homebuilders, civil contractors, dealers/distributors, government infrastructure programmes, and commercial construction firms, served through more than 17,000 dealers and distributors across 13 states, direct institutional sales, and a digital dealer locator. Revenue is generated primarily through hardware sales of cement in bagged and bulk formats at approximately Rs 396 per bag (May 2026 industry pricing), supplemented by commercial and captive power sales, Autoclaved Aerated Concrete blocks, and an expanding Ready-Mix Concrete business, with FY26 consolidated revenue of Rs 20,943.47 crore (~USD 2.5 billion) growing 8.61% year-over-year.
Shree Cement firmographics
Firmographics- Name
- Shree Cement
- Legal name
- Shree Cement Limited
- Website
- https://shreecement.com
- Company type
- Public
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Shree Cement is India's third-largest cement producer with 69.3 MTPA domestic capacity, manufacturing Portland and specialty Bangur-branded cements for housing, infrastructure and commercial construction customers through a 17,000+ dealer network and captive power operations.
- Ownership category
- akta.pro rank
Shree Cement industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273), Ready-Mix Concrete Manufacturing (32732), Other Concrete Product Manufacturing (327390)
- SIC
- Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270), Concrete Products, Except Block & Brick (3272)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industries
- Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH), Concrete Masonry Units (CMU) & Concrete Blocks (IMADABAB)
Keywords
Where Shree Cement is headquartered
LocationHeadquarters
- HQ city
- Kolkata
- HQ country
- India
- HQ region
- Asia
Offices17 records
Markets served
Shree Cement business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Cement Sales: Primary revenue stream from manufacturing and selling cement products including OPC, PPC, PSC variants. Products sold in bagged and bulk formats through extensive dealer network of over 17,000 dealers across India.
- Power Generation: Commercial power capacity of 300 MW plus Captive and Green Power Capacity of 452 MW. Revenue generated from power sales to grid and captive consumption for cement operations.
- AAC Blocks: Production and sale of Autoclaved Aerated Concrete (AAC) Blocks - lightweight precast building material with high insulating capacities, manufactured at the Uttar Pradesh plant.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard cement pricing across trade segment |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Shree Cement product offering
Product offeringCore offering
Shree Cement manufactures and sells cement and related building materials, including seven Bangur-branded cement variants (Magna, Powermax, Rockstrong, Jungrodhak, Roofon, Total, Marble) and OPC, PPC, PSC cement types. The company also produces AAC Blocks and Ready-Mix Concrete, and operates power generation facilities (300 MW commercial plus 452 MW captive/green) supporting its cement manufacturing operations.
Product overview
Shree Cement operates as a diversified building materials company with an integrated portfolio of cement products and related offerings. The core product line consists of seven Bangur-branded cement variants (Bangur Magna, Bangur Powermax, Bangur Rockstrong, Bangur Shree Jungrodhak, Bangur Roofon Plus, Shree Bangur TOTAL, and Bangur Marble) serving diverse construction needs from structural concrete to aesthetic applications. Under the master Bangur brand identity launched in 2024, these products address different customer requirements including solid concrete, crack resistance, rock-like strength, moisture protection, waterproofing, and premium finish work. Beyond cement, the company offers three cement types (OPC, PPC, PSC) through traditional channels, plus complementary building materials including AAC Blocks for insulation and Ready-Mix Concrete for commercial projects. The company also operates in power generation with commercial power capacity of 300 MW and captive/green power capacity of 452 MW.
Differentiator
Problem solved
Functional benefit
Brands
- Bangur Magna: Premium cement for solid concrete applications
- Bangur Jungrodhak
- Bangur Powermax
- Bangur Rockstrong
- Bangur Total
- Bangur Roofon
- Bangur Marble
Products and services
- Bangur Magna Premium cement designed for solid concrete applications, providing strength and durability for construction projects. Targeted at individual home builders and contractors requiring high-strength concrete.
- Bangur Powermax High-performance cement offering powerful crack resistance for durable construction applications. Targeted at construction projects requiring superior crack resistance.
- Bangur Rockstrong Cement providing rock-like strength for high-compressive-strength applications in construction. Targeted at structural projects requiring exceptional compressive strength.
- Bangur Shree Jungrodhak Cement offering long-lasting rust and moisture protection for structures. Targeted at construction in moisture-prone environments.
- Bangur Roofon Plus
Quantifiable outcome
- Premium products increased to 22% of trade volume from 16%
- +5 more outcomes
Companies that use Shree Cement
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles4 records
Shree Cement technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
Shree Cement partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Aster DM FoundationcoreCSR partnership for 'Shree Swasthya Vahini' Mobile Medical Unit inaugurated at Ras Plant. Initiative provides primary healthcare services to underserved communities near Ras and Beawar. Expected to benefit approximately 70,000 people over next four years through doctor consultations, free medicines, diagnostic tests, and health screenings. Combines Shree Cement's community development commitment with Aster DM Foundation's healthcare expertise.
- PSB XchangecoreDigital infrastructure platform enabling dealer financing programme for Shree Cement. Partners with banks including Central Bank of India to provide structured working capital financing to cement maker's dealer network. Uses transaction-level visibility and anchor corporate relationships for lender underwriting.
- Sunrisers HyderabadminorMarketing partnership with IPL cricket team Sunrisers Hyderabad. Hosts dealer engagement events with team players in Hyderabad, Chandigarh and other cities. Strengthens brand visibility and dealer relationships through cricket sponsorship. 120+ dealers and families participated in events with SRH players.
- Shree Foundation TrustcoreCSR arm of Shree Cement managing all corporate social responsibility initiatives including education, women empowerment, health and family welfare, infrastructure development, and agriculture programmes. Works with around 255 villages touching about 10 million lives. Manages Shree Swasthya Yojana, Shree Shiksha Yojana, Shree Shakti Yojana, and other community development programmes.
- World Business Council for Sustainable DevelopmentminorFirst cement company in India and third in Asia to join the Cement Sustainability Initiative of the World Business Council for Sustainable Development, Switzerland. Commitment to sustainability and decarbonization initiatives.
- Cement Manufacturers' AssociationminorActive member of Cement Manufacturers' Association. On World Environment Day 2026, CMA and member companies including Shree Cement pledged to accelerate adoption of cleaner technologies, improve resource efficiency, and explore carbon capture technologies to support India's net-zero goals.
Scale indicators14 records
Recent moves10 records
Expansion highlights6 records
Shree Cement competitors and assessment
Company assessmentDirect peers
- UltraTech Cement: India's largest cement producer (~150+ MTPA capacity) and Aditya Birla Group flagship. Directly comparable as a pan-India cement manufacturer serving identical infrastructure, housing, and commercial segments through similar dealer and institutional channels.
- Ambuja Cements: Part of the Aditya Birla/Holcim group and one of India's leading cement manufacturers (~65 MTPA). Closely comparable in product portfolio (OPC, PPC, PSC), market positioning, and Indian geographic footprint. Neeraj Akhoury led Ambuja before joining Shree.
- ACC Limited: Holcim group cement manufacturer in India with ~35 MTPA capacity. Direct competitor across cement product categories and the same end markets. Neeraj Akhoury was previously MD & CEO of ACC before taking the same role at Shree.
- Dalmia Bharat: Major Indian cement producer (~46 MTPA) with pan-India presence. Direct competitor in cement manufacturing with similar exposure to housing and infrastructure demand cycles; comparable in scale and geographic diversification strategy.
- JSW Cement: JSW Group's cement business (~20+ MTPA, expanding). Directly comparable as a growing Indian cement producer competing for the same infrastructure and housing customers, with overlapping dealer and institutional channels.
- JK Cement: Indian cement manufacturer with ~20 MTPA capacity and a strong presence in northern and central India. Directly comparable product portfolio (grey and white cement) serving similar end markets and competing for the same channel partners.
- Birla Corporation: CK Birla Group cement company (~20 MTPA) with strong central and eastern India presence. Direct competitor in cement manufacturing serving overlapping dealer networks and infrastructure project pipelines.
- India Cements: South India-focused cement manufacturer (~15 MTPA) controlled by the Aditya Birla Group. Directly comparable in core cement manufacturing with primary overlap in southern regional markets where Shree is expanding via Karnataka operations.
- Ramco Cements: India-based cement manufacturer (~22 MTPA capacity) with strong South and East India presence. Comparable in cement product mix (OPC, PPC, PSC) and distribution-led GTM motion targeting housing and infrastructure end markets.
Broad incumbents
- HeidelbergCement India: Indian subsidiary of Germany's HeidelbergCement, one of the world's largest cement producers. Comparable as a foreign-affiliated Indian cement manufacturer with central India focus, though broader parent provides additional scale advantages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Shree Cement social profiles
Digital presenceShree Cement compliance and trust
Trust signalCompliance11 records
Shree Cement financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shree Cement leadership team
Management profileNumber of profiles
Profiles13 records
Shree Cement subsidiaries and ownership
Company hierarchySubsidiaries3 records
Shree Cement funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shree Cement M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shree Cement
What does Shree Cement do?
Shree Cement manufactures and sells cement and related building materials, including seven Bangur-branded cement variants (Magna, Powermax, Rockstrong, Jungrodhak, Roofon, Total, Marble) and OPC, PPC, PSC cement types. The company also produces AAC Blocks and Ready-Mix Concrete, and operates power generation facilities (300 MW commercial plus 452 MW captive/green) supporting its cement manufacturing operations.
Is Shree Cement a public or private company?
Shree Cement is a public company. It is classified as public and is currently operating.
When was Shree Cement founded?
Shree Cement was founded in 1979. It employs 5,001 to 10,000 people.
Where is Shree Cement based?
Shree Cement is headquartered in Kolkata, India, in the Asia region.
How does Shree Cement make money?
Three revenue lines are on record. Cement Sales are the primary driver. The others are power Generation and AAC Blocks.
Who are Shree Cement's main competitors?
Direct peers on record are UltraTech Cement, Ambuja Cements, ACC Limited, Dalmia Bharat, JSW Cement, JK Cement, Birla Corporation, India Cements and Ramco Cements. HeidelbergCement India is listed as a broad incumbent.
Does Shree Cement have an API?
No public API is recorded for Shree Cement.
What industry is Shree Cement in?
Shree Cement's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMADAAAH, Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime). Its NAICS code is 327310 and its SIC code is 3241.