Harindarpal Singh Banga, known as Harry, is an Indian entrepreneur and philanthropist. 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. The Caravel Group Ltd owns Fleet Management Limited, a renowned ship management companies, of which Harry Banga is also Chairman. 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 Born in Amritsar, India, 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 by the age of 27. 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. The Noble Group 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. Noble Group was a supply chain manager of agricultural, industrial and energy products, and Asia's largest commodities trader. Following Noble Group’s Hong Kong listing in 1994, Banga served as Vice-Chairman of the Group, and despite a low public profile, is widely credited as the driving force behind much of Noble’s success. 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. In 2010 Banga stepped down as Vice-Chairman of Noble Group Ltd but remained on the Board as Vice-Chairman Emeritus. In 2011 he purchased the Noble Group’s ship management arm, Fleet Management Limited, from Noble. He severed his ties with Noble in 2012. The Caravel Group 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. Hong Kong-based Caravel Group Limited is a diversified global conglomerate with three main lines