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Tega Industries
Leading global manufacturer of mining machinery
About Tega Industries
In 1976, trained engineer Madan Mohan Mohanka founded Tega Industries in Kolkata, India. The company started through a technical and financial collaboration with Skega AB of Sweden with the goal of solving complex problems in mineral processing and material handling. Tega focuses on designing and manufacturing critical-to-operate consumables for the mining and mineral industries. The company manufactures specialized, wear-resistant rubber, polyurethane, steel, and ceramic-based products used in grinding, screening, and material handling. This focus on essential, high-wear components established Tega as a key supplier. A significant moment came in 1998 when the Mohanka family acquired the full equity stake from their Swedish partners, taking complete control of the company's destiny. Under the leadership of Madan Mohanka and later his son, CEO Mehul Mohanka, Tega expanded its global footprint, establishing manufacturing hubs in key mining regions like Chile, South Africa, and Australia. This international presence allows Tega to serve over 700 customers in more than 70 countries. The playbook culminated in a major liquidity event in December 2021, when Tega Industries launched its Initial Public Offering (IPO). The offering was overwhelmingly successful, getting oversubscribed by 219 times and listing at a 68% premium, signaling strong investor confidence in its business model and future growth.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1976
- Headquarters
- Kolkata, India
- Listing
- IPO 2021
- Employees
- 1,091
- Open positions
- 10
- Dealroom signal
- 37.3/100
- Industry
- Energy
- Sector
- Energy, Mining Technologies, Machinery, Rubber
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company, latest Sep 2025
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO EQUITY✓Other financing | Jan 2026 | $35M | — | Undisclosed | ↗ |
| IPO✓Exit | Nov 2021 | $0 | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Tega Industries is 3.8K monthly website visits, up 81% over the last three months. Tega Industries's team grew 5.3% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
TA Associates
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Tega Industries on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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