He is the Founder, Chairman, and CEO of The Caravel Group Limited, a global conglomerate engaged primarily in resources trading, the provision of maritime services, and asset management.
Born in Amritsar in a Sikh Saini Family,[4] and raised in Chandigarh, Harindarpal Banga was educated at the Training Ship Dufferin, India’s oldest maritime academy.
[8][9] His 21 years with Noble, as it rose into the Fortune 100, made Banga a wealthy man and earned him a place on the Forbes billionaires list as one of Hong Kong’s 40 richest men.
Planning for a quiet retirement, Banga was instead persuaded by his sons Angad and Guneet – whose background is in asset management – to join them in a new venture in 2013.
Caravel Resources is engaged in the trading of industrial dry bulk commodities, with a focus on raw materials for steel making and power generation – principally iron ore, coal and coke.
Its portfolio includes strategic investments in selected growth businesses such as Nykaa in India and Young Master Brewery in Hong Kong.