Madan Mohanka
$1.1B
Born
Aug 13, 1943
Age
82
Source of Wealth
Manufacturing
Residence
Kolkata,
Citizenship
India
Marital Status
Married
Children
2
Education
Diploma, Indian Institute of Management, Ahmedabad; Bachelor of Science in Engineering, Ranchi University
- Madan Mohanka is the chairman of Kolkata-based Tega Industries, which manufactures products such as mill liners and conveyor components that are used for mining, mineral processing and material handling.
- Mohanka, a trained engineer, founded the company in 1976 in collaboration with a Swedish firm, initially targeting the mining industry.
- Today, Tega Industries has more than 700 customers across 70 countries and operations in Chile, South Africa and Australia.
- He took the company public in 2021, when it got listed at a 68% premium to the IPO price.
- His son Mehul, who has an MBA from the University of Pittsburgh, is the managing director and group CEO.
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