Harindarpal Banga
Indian businessman
Harindarpal Singh Banga, known as Harry Banga, is an Indian entrepreneur and philanthropist. He is the Founder, Chairman, and CEO of The Caravel Group Limited.
According to Forbes, as at April 2022, Banga has a net worth of $2.8 billion and is ranked as the 1,196th richest person in the world.
Early life and education
Born in Amritsar in a Sikh Saini Family, and raised in Chandigarh, Harindarpal Banga was educated at the Training Ship Dufferin, India’s oldest maritime academy. He earned his Master Mariner certification in 1976 and was commanding merchant vessels at the age of 27.
Career
Banga began his career in the maritime industry before going into the commodities business. Prior to forming Caravel together with his two sons, he was Vice-Chairman of the Noble Group Limited, a global commodities trading business.
In 1979 Banga joined the Gulf Group in Hong Kong – where he still lives – as Operations Manager. The Gulf Group was a Geneva-based international shipping and commodities business.
Banga left Gulf in 1989 and became an early partner in Noble Group Limited in cooperation with Richard Elman, helping to establish and lead Noble Chartering Limited.
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