H arindarpal "Harry" Banga is an Indian-born Hong Kong billionaire who made his fortune in the commodities trading industry. A former master mariner, he co-founded the Noble Group in 1989 with his partner, Richard Elman. They built the company from a small trading house into one of Asia's largest and most powerful commodities trading firms, with a global presence in energy, metals, and agricultural products.
Banga served as the vice chairman of the Noble Group for many years and was a key architect of its growth. He retired from the company in 2010, selling his large stake for a massive profit before the company later faced a dramatic and controversial collapse. He has since founded his own family office and investment firm, The Caravel Group, which he runs with his two sons. The Caravel Group has major interests in shipping, commodities, and asset management, allowing him to continue his highly successful career in the industries he knows best.
Advertisement
Harindarpal 'Harry' Singh Banga is an Indian entrepreneur, the self-made billionaire founder and Chairman of The Caravel Group and former Vice-Chairman of Noble Group Limited, one of Asia's largest commodities traders. Born in Amritsar, India, in 1950, his career is rooted in the high-stakes world of maritime commerce and commodity trade.
Banga received specialized training at the Training Ship Dufferin, India's oldest maritime academy, earning his Master Mariner certification in 1976. By the age of 27, he was commanding merchant vessels. He transitioned ashore in 1979, joining Gulf Group in Hong Kong as Operations Manager, recognizing the immense opportunity in commercial shipping and commodity trading in Asia.
Harry Banga's pivotal entrepreneurial move came in 1989 when he became an early partner in Noble Group Limited (with Richard Elman), helping to establish and lead Noble Chartering Limited. Under his leadership as Vice-Chairman, Noble Group became Asia's largest commodities trader, specializing in the supply chain management of agricultural, industrial, and energy products.
He stepped down as Vice-Chairman in 2010 and severed all ties with Noble Group in 2012, monetizing his stake before the company's eventual financial distress. In 2013, he founded The Caravel Group (named after a 15th-century Portuguese trading vessel) to bring the Banga family's diverse private businesses (shipping, logistics, financial services) under one corporate structure. His wealth is tied to the colossal returns generated by his strategic trades and his successful diversification into ship management (acquiring Fleet Management Limited) and global logistics.
Advertisement
Earns Master Mariner certification (Academic Achievement).
Becomes an early partner in Noble Group Limited (Founding).
Serves as Vice-Chairman after Noble Group's Hong Kong listing (Executive Ascent).
Severs ties with Noble Group (Strategic Exit).
Founds The Caravel Group Limited (New Venture).
Continues as Founder and Chairman, guiding the logistics and investment empire (Executive Oversight).
Harindarpal Banga's wealth is concentrated in his founding and controlling ownership of the private conglomerate, The Caravel Group.
Advertisement
Harindarpal Banga's social impact is structural, stemming from his role in driving global commodities trade (supplying India with coal, coke, and iron ore) and logistics efficiency. His companies provide thousands of stable jobs in the maritime and trading sectors.
His personal philanthropy supports various community and educational initiatives. His career is a testament to the profitability of disciplined, high-stakes commodities trading and his successful pivot into asset management before the collapse of his former company.
Harindarpal Banga maintains the professional, composed style of a global commodities and shipping executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stability and profound financial authority, reflecting his background as a ship commander and his mastery of global logistics.
Residing in Hong Kong, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to global commodity trading, shipping control, and the stewardship of his diversified private conglomerate.
Advertisement
No publicly available quotes.
Advertisement
-0.14% | -$7.16M
+0.21% | +$4.52M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
Sponsored Content