Tega Industries is projected to maintain a compound annual growth rate (CAGR) of approximately 15% over the next three to five years while preserving its EBITDA margins, according to Managing Director and Group CEO Mehul Mohanka. In an interview with a TV Channel, Mohanka emphasized the company’s strategy of launching new products to optimize its operational capacity and fuel growth.
Recently, Tega Industries introduced a new product, DynaPrime, a mill liner designed to replace traditional steel mill liners, enhancing operational efficiency in the mining industry. “We’ve grown at a CAGR of 20% over the last seven years. For the past three years, we’ve guided the market towards a 15% CAGR. With our revenue base increasing, we are now around ₹1,500 crore for FY24,” Mohanka stated.
He added that the company aims to continually introduce innovative products that capitalize on its operational capacity while maintaining its EBITDA margins of 21-22%. Tega Industries, a major manufacturer of consumables for the mining sector, generates around 85% of its revenue from international markets. In addition to its seven plants in India, the company has manufacturing operations in South America, Chile, South Africa, and Australia.
Mohanka highlighted that Tega’s operational expense-driven business model helps mitigate geopolitical risks in regions like South America and Africa, which are often considered volatile due to their reliance on commodities. Regarding concerns about China reducing its mining activities, Mohanka noted that the slowdown is unlikely to impact Tega Industries’ business.
Tega Industries is a prominent global manufacturer and supplier of mining equipment and wear-resistant solutions, primarily serving the mineral beneficiation, mining, and bulk solids handling industries. Founded in 1976 and headquartered in Kolkata, India, Tega has built a strong reputation for providing high-quality, durable, and innovative solutions designed to improve productivity and efficiency in mining operations.
The company’s extensive product range includes mill liners, hydrocyclones, and conveyor components, which are used to enhance the performance and longevity of heavy-duty machinery. With manufacturing facilities in India, South Africa, and Chile, and a customer base spread across more than 70 countries, Tega Industries has positioned itself as a key player in the global mining sector. The company’s commitment to research and development, as well as its focus on delivering customized, cost-effective solutions, have contributed to its sustained growth and success in the industry.
