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Billionaire Profile
Madan Mohanka
Global Rank
#3332

Image: Unsplash Contributor | Unsplash License | via Unsplash

Madan Mohanka

CEO, Tega Industries Limited
IN
Real-Time Net Worth
$1B
Estimated based on Tega Industries Limited stock value as of April 21, 2026
Age
82
Source
Manufacturing
Industry
manufacturing
Citizenship
IN

Biography

Madan Mohanka is the Chairman of Tega Industries, a company specializing in the manufacturing of products used in the mining and mineral processing industries. With a current net worth of $1.0 billion as of March 10, 2026, Mohanka's wealth stems from his manufacturing ventures. He founded Tega Industries in 1976 after earning an engineering degree from Ranchi University and an MBA from the Indian Institute of Management, Ahmedabad. Throughout his career, he has been recognized for his business acumen, receiving awards such as the Lifetime Achievement Award at the CMA Management Excellence Awards 2025. Mohanka, now 82 years old, has transitioned to focusing on social service and philanthropy through the Disha Foundation and Ranan group.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Madan Mohanka was born in 1943 and grew up in Jamshedpur. He holds a Bachelor's degree in engineering from Ranchi University and a Post Graduate Diploma in Business Administration from the Indian Institute of Management, Ahmedabad (IIMA). Mohanka has noted the profound influence of his mentor, Dr. V.L. Mote, on his career and life.

Rise to Success

Mohanka founded Tega Industries in 1976. The company initially focused on wear-resistant rubber products for the mining and cement industries, partnering with Skega, a Swedish firm. The company went public in 2021.

Key Business Strategies

Tega Industries grew by replacing steel with rubber in the mill lining industry. The company now operates in over 70 countries, with manufacturing facilities in strategic locations globally.

Philanthropy

Mohanka is actively involved in social work, focusing on education and development for the underprivileged. He supports various schools through the Disha Foundation. He is also involved in promoting traditional arts through the Ranan group.

Career Milestones

1967

MBA from IIMA

Graduated with an MBA from the Indian Institute of Management, Ahmedabad.

1976

Founded Tega Industries

Founded Tega Industries in collaboration with a Swedish firm.

2021

Tega Industries IPO

Took Tega Industries public.

2025

Lifetime Achievement Award

Conferred the Lifetime Achievement Award at the CMA Management Excellence Awards.

Philanthropy & Social Impact

Education

Disha Foundation

Undisclosed

Supports education for the underprivileged.

Arts

Ranan Group

Undisclosed

Promotes traditional arts, including Kathak and dance-theatre.

Education

Tega Bhavishya Asha School Project

Undisclosed

Supports education in rural Bengal.

Business Philosophy & Leadership

Notable Quotes

""It was a proud moment for me and the Tega family.""

""Education is the most precious gift you can give a man. It is the key that unlocks a person's life.""

""Tega is not a company, it is a child to me. I have nurtured it, just like my child.""

""My focus is on education because if a man is educated, he can live a life with integrity.""

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