LeaderPortfolio
Mohanka
Madan Mohanka
Rank #3370
INDIAManufacturingManufacturing

Madan Mohanka

Net Worth
$0.99B
-2.45% (24h)
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.

How to read Madan Mohanka's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Madan Mohanka, we anchor the narrative to Manufacturing and Manufacturing, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $0.99B alongside global rank #3370, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (INDIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

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 Timeline

2025

Lifetime Achievement Award

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

2021

Tega Industries IPO

Took Tega Industries public.

1976

Founded Tega Industries

Founded Tega Industries in collaboration with a Swedish firm.

1967

MBA from IIMA

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

Philanthropic Impact

EducationUndisclosed

Disha Foundation

Supports education for the underprivileged.

ArtsUndisclosed

Ranan Group

Promotes traditional arts, including Kathak and dance-theatre.

EducationUndisclosed

Tega Bhavishya Asha School Project

Supports education in rural Bengal.

Key Business Ventures & Holdings

CompanyStakeValue
Tega Industries Ltd.7.32%$0.103M

Net Worth History

In-Depth Analysis

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.

Data Sources & Methodology

Figures for Madan Mohanka are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.