Tega Industries Limited has informed the Exchange about Investor Presentation
November 09, 2023
To,
The Corporate Services Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 543413
Manager - Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 NSE Symbol: TEGA
Subject: Investor Presentation for the Quarter and Half Year ended September 30, 2023
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith Investor Presentation for the Quarter and Half Year ended September 30, 2023.
Kindly take the information on your record.
Thanking you,
Yours faithfully,
For Tega Industries Limited
Manjuree Rai Company Secretary & Compliance Officer
Enclosed: As stated above
TEGA INDUSTRIES LIMITED Investor Presentation – Q2 FY24
November 2023
COMPANY OVERVIEW
Tega Industries Limited
Commenced operations in India in 1978, in collaboration with Skega AB, Sweden
Leading manufacturer & distributor of specialized ‘critical to operate’ & recurring consumable products
Catering to global mineral beneficiation, mining & bulk solids handling industry
Immunity from Capex Cycles
Continuous Design Innovation
Inorganic Strategy
Cater to after-market spend recurring revenues
Launched DynaPrime in 2018 – a composite liner of rubber & steel
Successfully integrated 4 acquisitions
TEGA INDUSTRIES LIMITED
3
Corporate Structure
Tega Industries Ltd
100%
100%
50%JV
Tega McNally Minerals Limited
Tega Holdings Pte Ltd
Hosch
100%
100%
100%
Tega Industries Africa Proprietary Ltd.
Tega Industries Chile SpA
Losugen Pty Ltd
TEGA INDUSTRIES LIMITED
4
Evolution into a Global Multi-Product Player
Foundation
Buyout
Intellectual Property, Acquisition
Additional Patent, Greenfield Project
Collaboration of our Promoter, Madan Mohan Mohanka with Sweden based Skega AB, and incorporation of Tega
Buyout by Madan Mohan Mohanka of Skega AB’s entire stake in our Company leading the way for Tega to conquer new heights
Grant of patent in relation to improved screen panel
Grant of patent in relation to mosaic liners for chutes
Acquired Losugen Pty Ltd, Australia
Commissioned SEZ unit in Dahej, Gujarat
Initial Public Offering
The shares of the company were listed on National Stock Exchange and Bombay Stock Exchange
1991-92
2006
2011
2019
2023
1975
2001
2010
2013
2021
JV & Registration
Expansion & Acquisition
Fund Raise, Acquisition
JV alliance with Hosch (G.B.) Ltd.
Application for registration of our patent for method of preparing liner
Tega Inds. Africa PTY Ltd. (Erstwhile Beruc Equipment, South Africa)
Investment by Wagner Limited, an affiliate of TA Associates Management,
Tega Inds. Chile SpA (Erstwhile Acotec S.A,)
Product Innovation & Trademark
Grant of trademark in relation to ‘DynaPrime’
First Indian Acquisition Acquired Tega Mcnally Minerals Ltd via NCLT process
TEGA INDUSTRIES LIMITED
5
The Focus Behind Our Vision
TEGA is committed to engineering flawless solutions that enrich the future of mining
Sales Management
To remain the first vendor of recall for all our customers
At Tega, Values lead to value The big picture of how we have grown our business – and how we will continue to do so
Our purpose We strive to deliver superior products that enhance value for our customers
Our five pillars
Ethical commitment + Courage + Relationships + Responsibility + Culture
How these values have enhanced customer value:
Longer product life + Lower operating cost + Better product outcome + Lower installation time + Enhanced installation safety + Product customisation
How these values have translated into superior Tega outcomes:
Sustained financial growth + Sectorial outperformance + Profitable growth+ Zero debt + Customer loyalty + Strong order book
TEGA INDUSTRIES LIMITED
6
Our Value-Accretive Business Model
Experience
Wallet Share
Mission-Critical
Productivity Driver
Leading producers of specialized and ‘critical to operate’ products with high replacement barriers. Our products are not optional; they are critical & indispensable. They play a crucial role in helping customers reduce their cost of staying in business.
Developed rich insight into the ore quality and terrain realities across 70 countries, helping to continuously provide improved solutions
Products with established productivity and efficacy. Majority customers buy large parts of our complete solutions enhancing our wallet share
Product Portfolio
Market Leader
Present across the value chain of a mineral processing site. We offer a complete range of products and solutions for various stages.
World’s second largest producer of polymer-based mill liners (used for grinding and sizing mineral ores) by revenues.
Our products play a critical role in determining mineral processing site productivity. These improvements are measurable: they enhance throughput, moderate grinding media consumption, reduce energy consumption and lower downtime. The result is lower operating costs for customers.
TEGA INDUSTRIES LIMITED
7
Our Value-Accretive Business Model
Inherent Advantages
Strategic Positioning
Supply chain
High Entry Barrier
Customized design
The secret behind our multi- year engagement with customers is our ability to translate research-driven knowledge into customized product design. Tega’s engineered built-to-suit (over off- the-shelf ) competence has resulted in a neat fit, customized for each mineral processing site. This leads to enhancing value for customers.
Low reliance on outsourcing moderates its dependence on vendors minimizing the possibility of failure rates, enhances control across the Company’s processes
Presence in high entry barriers of technology and knowledge. We operate in an oligopolistic market with limited established global competitors
Strict Quality Control
Global Distribution
Products undergo stringent selection and approval procedures before being sold to mining and mineral processing companies.
18 overseas and 14 domestic sales offices in key geographies. Present close to prominent customers. Products are marketed through the ‘plant audit’ route
Proximity
International manufacturing operations are proximate to the world’s major copper and gold mining locations in Chile, South Africa and Australia. This proximity has strengthened logistical competitiveness, repeat engagement, capacity expansion and economies of scale
TEGA INDUSTRIES LIMITED
8
Tega's Holistic Value Chain Integration
Tega Industries Ltd – Focused on Consumables
MSEL - Focused on Equipment and services component
• Original Equipment Manufacturer (OEM) for mining and mineral beneficiation
• Product range includes crushers (jaw and roll), impactors, screens (linear, circular, roller and flip flop), ball and rod mills, feeders (apron, grizzly, reciprocating), mineral beneficiation equipment like slurry pumps, thickeners, floatation cells, filter press, scrubbers etc.
• Products for construction sector such as mobile crushing and screening plants & skid mounted crushing plants.
• Build a more sustainable business.
• Tap the new market- global market size for the equipment business is estimated at USD 20 billion per year
• Strengthen the presence in India and
provide comprehensive solutions to global clients by offering a diverse range of synergistic products
• Utilize the collective technical expertise,
engineering capabilities, and global reach to achieve scalability.
• Gain a larger market share and improve
profitability
• Designs and manufactures critical-to- operate and recurring consumable products in the mineral processing industry, offers comprehensive solutions across the world
- L E S • Covers a wide range of solutions in the M
t n d • Product portfolio comprises more than 55 e e n d mineral processing and material handling o d p A products m o c s e c mining equipment, aggregates equipment i v r and the mineral consumables industry e s d n a
f o n o i t i s i u q c a t s o P
t n e m p u q E
i
TEGA INDUSTRIES LIMITED
9
Our Digitalization Momentum (Industry 4.0)
DIGITAL SECURITY MEASURES
Initiatives to enhance systemic efficiency, moderate redundancy, safeguard from viruses and cyber-attacks, accelerate data retrieval and strengthen business continuity
DISRUPTION
Ground-shifting sensor-based product. This IoT-driven product will send out real-time alerts on product health, replacement time and a holistic perspective of the operating system
TECHNOLOGY UPGRADES
Integrated SAP into systems, digitized Dahej facility, Installed Darwin box to automate Human Resource Management, Migrated Servers to cloud, Improved data orientation
ANALYTICS
Digitally enhanced products will empower customers to take proactive decisions related to product replacement and systemic repair.
TEGA INDUSTRIES LIMITED
10
ESG Initiatives
ENVIRONMENT
SOCIAL ENVIRONMENT ENVIRONMENT
GOVERNANCE ENVIRONMENT
450 trees planted
21 safety mock drills conducted
₹ 1.58 crore CSR Expenditure
All Statutory Committees chaired by Independent & Executive Directors
A+ Stable rating by CRISIL, validating our governance quality.
90% retention rate of employees.
.
13.35% reduction in CO2 emissions in the last two years
To install effluent and sewage treatment plants across its facilities.
TEGA INDUSTRIES LIMITED
Q2 & H1 FY24 PERFORMANCE HIGHLIGHTS
Q2 & H1 FY24 Result Highlights
Q2 FY24
Operating Revenue
Rs. 3,775
Operating EBITDA
Rs. 817
YoY
+37%
+51%
PAT
+34 %
Rs. 474
H1 FY24
Operating Revenue
Rs. 6,455
Operating EBITDA
Rs. 1,211
YoY
+24%
+21%
PAT
+18%
Rs. 688
TEGA INDUSTRIES LIMITED
All figures in Rs mn
13
Consolidated Financial Performance
Operating Revenue
Operating EBITDA & Margin
PAT & PAT Margin
+37%
3,775
2,762
19.6%
21.6%
12.8%
12.5%
+51%
817
541
+34%
474
354
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
+24%
6,455
5,206
18.8%
19.3%
11.2%
10.7%
+21%
1,211
1,002
+18%
688
584
H1 FY23
H1 FY24
H1 FY23
H1 FY24
H1 FY23
H1 FY24
TEGA INDUSTRIES LIMITED
All figures in Rs mn
14
Consolidated Profit & Loss Statement
Particulars (In Rs. Mn)
Revenue from Operations
Cost of Material Consumed
Change in Inventories of Finished goods & Work in Progress
Total Raw Material
Gross Profit
Gross Profit Margin (%)
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
EBIT
EBIT Margin (%)
Finance Cost
Profit before Tax
Profit before Tax(%)
Share of profit from JV
Tax
Profit After Tax
PAT Margin (%)
EPS (As per Profit after Tax)
TEGA INDUSTRIES LIMITED
Q2 FY24
Q2 FY23
3,774.6
1,664.6
-60.6
1,603.9
2,170.7
57.5%
559.6
794.0
817.1
21.6%
33.5
138.2
712.3
18.9%
89.3
623.0
16.5%
10.6
160.2
473.5
12.5%
7.1
2,761.9
1,256.5
-90.6
1,165.9
1,595.9
57.8%
424.1
630.8
541.1
19.6%
67.5
96.4
512.2
18.5%
48.7
463.5
16.8%
8.8
118.7
353.5
12.8%
5.3
Y‐o‐Y
36.7%
36.0%
51.0%
39.1%
34.4%
33.9%
H1 FY24
H1 FY23
6,455.4
3,008.1
-293.6
2,714.5
3,740.9
57.9%
1,048.9
1,481.5
1,210.5
18.8%
114.8
273.5
1,051.7
16.3%
171.1
880.6
13.6%
19.6
212.8
687.5
10.7%
10.4
5,206.3
2,323.3
-147.9
2,175.4
3,030.9
58.2%
809.5
1,218.5
1,002.9
19.3%
34.7
187.8
849.8
16.3%
98.5
751.4
14.4%
18.6
186.0
584.0
11.2%
8.8
Y-o-Y
24.0%
23.4%
20.7%
23.8%
17.2%
17.7%
15
Consolidated Balance Sheet Statement
Particulars (In Rs. Mn)
EQUITY AND LIABLITIES
Equity
Equity share capital
Other Equity
Total Equity
Non-Current Liabilities
Financial Liabilities
i) Borrowings
ii) Lease liabilities
Provisions
Deferred tax Liabilities (net)
Other Non-Current Liabilities
Total Non-Current Liabilities
Current Liabilities
Financial Liabilities
i) Borrowings
ii) Lease Liabilities
iii) Trade payables
iv) Other Financial Liabilities
Other Current Liabilities
Current Tax Liabilities
Provisions
Total Current Liabilities
Total Liabilities
Total Equity & Liabilities
TEGA INDUSTRIES LIMITED
Sept’23
Mar’23
Particulars (In Rs. Mn)
Sept’23
Mar’23
665
10,168
10,833
664
9,826
10,490
1,272
579
1
48
14
1,416
418
24
48
24
1,914
1,929
1,436
155
1,492
173
992
99
184
4,533
6,447
17,280
1,679
96
1,119
205
553
91
179
3,922
5,851
16,341
ASSETS
Non-Current Assets
Property, Plant and Equipment
Capital Work-in-Progress
Right of Use Asset
Investment Property
Goodwill
Other Intangible assets
Investments accounted for using equity method
Income Tax Assets (net)
Other Financial Assets
Deferred Tax Assets (net)
Other non-current assets
Total Non-Current Assets
Current Assets
Inventories
Financial Assets:
i) Investments
ii) Trade Receivables
iii) Cash & Bank Balances
iv) Bank balances other than iii. Above
v) Other Financial Assets
Current Tax Asset (Net)
Other Current Assets
Total Current Assets
Total Assets
3,045
193
1,891
34
612
62
287
127
76
177
40
3,055
120
1,729
36
625
37
279
120
105
162
151
6,545
6,419
3,506
2,896
2,578
3,379
589
53
113
59
458
10,735
17,280
1,890
4,031
457
36
107
39
466
9,923
16,341
16
Consolidated Cash Flow Statement
Cash Flow Statement (In Rs. Mn)
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Add: Cash and cash equivalents at the beginning
Add: Exchange difference on translation of foreign currency Cash & Cash Equivalents
Cash and cash equivalents
TEGA INDUSTRIES LIMITED
Sept’23
Sept’22
900.3
-321.0
1,221.3
679.2
1,900.4
-253.8
1,646.6
-886.9
-614.9
144.9
457.2
-13.0
589.0
770.0
-354.6
1,124.5
11.2
1,135.8
-161.2
974.5
-579.8
-368.8
26.0
395.0
-30.3
390.6
17
OPERATIONS & GROWTH STRATEGY
Strategic Advantages
Diverse & Innovative Products with Low Substitution Threat
1
2
Insulated from Capex Cyclicity of Mining Players
Strong R&D leading to Multiple Patents, with focus on Quality
3
4
Diverse Global Presence with Strong Global Manufacturing & Sales Capabilities 700 Distributors
Consistent Growth with Operational Efficiency & High Repeat Business
5
6
Track Record of Successful Inorganic Growth Strategy
TEGA INDUSTRIES LIMITED
19
1. Diverse & Innovative Products
FLAGSHIP PRODUCTS
MILL LINERS
HYDROCYCLONES
SCREENS & TROMMELS
CONVEYOR PRODUCTS
Rapido
Spillex
DynaPrime
DynaPulp
Tega Cyclone (PExEL)
Trommel
Centrax
SALE OF PRODUCTS
Specialized, ‘critical to operate’ And recurring consumable products
Sale of Services
DynaSteel
DynaWear
Screening Solutions
Ceramic pulley lagging
Specialized Plant Audit Consultancy
Used in grinding mills for beneficiation of minerals
Used for extracting or separating slurry particles
Used for separation of particles according to sizes
Used with conveyor belts
Mill Liners
Hydrocyclone
Ball Mill
Scalping screen
Trommel
SAG/AG Mill
Ball Mill
TEGA INDUSTRIES LIMITED
Screen chute
SAG/AG Mill
Conveyor Belt
Supply of Individual Spare Parts
20
2. Insulated from Capex Cyclicity of Mining Players
Upfront capex & After-market spend over the lifecycle of a mill
1X
Upfront Capex
Approx. split
3X
After market spend
Recurring cost for miners
TEGA INDUSTRIES LIMITED
21
~75% Repeat Orders (over last 3 years)
3. Strong R&D Leading to Multiple Patents
Track record of bringing multiple innovative products to the market
2018 – Rapido
2018 – DynaPrime
2016 – Chutes
2015 – Trommels
R&D Capability
Quality Control
o In-house R&D team comprises 36 personnel
o R&D & manufacturing capabilities, allow turnaround of
customized designs in a short time, offer comprehensive solutions, & cross selling
o Unique design & customization of products for each
customer site
o Our continuous design innovation makes our products highly
engineered “built-to-suit” rather than “off-the-shelf”
o Track record of introducing diverse and innovative products
o We do not rely on outsourcing: reduces our dependence on
vendors, minimizes failure rates & facilitates quality assurance
o Well-crafted manufacturing process leading to high-quality
production
o Ability to match diverse customer specifications
o Multiple stages of stringent selection and approval
procedures for our products
o Certified by various customers on
quality assurance
TEGA INDUSTRIES LIMITED
ISO 45001:2018 India
ISO 9001:2015 India, South Africa
ISO 14001:2004 India
Strong in-house R&D has allowed us to register 8 global patents and several trademarks
22
4. Diverse Global Presence – Manufacturing & Sales Capabilities
INTERNATIONAL MANUFACTURING OPERATIONS
DOMESTIC MANUFACTURING OPERATIONS
CHILE
SOUTH AFRICA
AUSTRALIA
DAHEJ, GUJARAT
KOLKATA (SAMALI), WB
KALYANI, WEST BENGAL
Commissioning/Acquisition: 2011 Product capabilities: Mill liners, Trommels, Chute liners, Screens, Pipe and pipe repair and spools
Commissioning/Acquisition : 2006 Product capabilities: Mill liners (except DynaPrime), Spillex, Screen Panel, Chute liners
Commissioning/Acquisition: 2010 Product capabilities: Chute liners and Trommels
Commissioning/Acquisition: 2013 Product capabilities: Mill liner, wear products, screens and trommels
Commissioning/Acquisition : 1985 Product capabilities: Mill liners, Wear products, Hydrocyclones, Screens, Trommels & Conveyor products
Commissioning/Acquisition: 1978 Product capabilities: Mill liners (except DynaPrime), Conveyor products, Chute liners & pump liners, Hydrocyclones
DOMESTIC MANUFACTURING OPERATIONS (TEGA MCNALLY MINERALS LTD.)
VADODARA, GUJARAT
BANGALORE, KARNATAKA
ASANSOL, WEST BENGAL
KUMARDUBI, JHARKHAND
Product capabilities: Crushers, vibrating screens, feeders and other material handling equipments
TEGA INDUSTRIES LIMITED
Product capabilities: Thickener, pumps, filter press, floatation cells, sand washing plant
Product capabilities: Vibrating screens, feeders, ball mills, crushers and job shops
Product capabilities: Mills, crushers, screen, feeders and job shops
23
4. Diverse Global Presence - Manufacturing & Sales Capabilities
India
Chile
South Africa
Australia
Sales & Marketing Offices
Mining activity High
TEGA INDUSTRIES LIMITED
24
5. Consistent Growth & Long-Term Repeat Business
Robust market position
Built Inherent Strength
Forged Strong Relations
Entry barriers helps maintain high margins over time with revenues from operations growing at 17% CAGR (FY19-23)
Successfully maintained operational efficiency levels whilst completing acquisitions, JVs & strategic alliances, in Chile, South Africa & Australia
In several cases, our relationships with key customers span more than 10 years, a testimony to our business excellence
ESTABLISHED TRACK RECORD
CAGR 17%
Revenue from Operations FY19-23
Growth Momentum
CAGR 29%
Operating EBITDA from FY 19-23
Differentiated, High Margin Business
Rs 6,000 mn
*
Robust Orderbook (30 September 2023)
Significant visibility
TEGA INDUSTRIES LIMITED
( * - Includes Tega Mcnally Minerals Ltd)
25
6. Successful Track Record of Inorganic Growth Strategy
JV in 1991
Acquisition in 2006
Acquisition in 2010
Acquisition in 2011
Acquisition in 2023
• Assistance from Hosch
England covering aspects such as planning, layout, overseas marketing, R&D and procurement of raw materials
• Expand operations
globally
• Provided access to manufacturing capabilities and customers in Africa’s mining and industrial markets
• Also gave access to the member countries of the Southern African Development Community
•
Increased market share in Australia by acquiring competitor at the time
• Provided access to a ready platform to launch conveyor accessories & screens in that market
• Access to the Latin American markets including Chile, Peru and Bolivia • Latin American
countries contribute 40% of the global copper production and 8% of the global gold production output according to the F&S report
• Tega Mcnally Minerals Ltd - Offers pioneering solutions in the field of manufacturing and marketing of crushing, screening, grinding, material handling, and mineral processing equipment coupled with integrated customer support and aftersales service.
TEGA INDUSTRIES LIMITED
26
Key Growth Drivers Going Forward
Capitalise on growing relevance
Disrupt the market
Balance Sheet integrity
•
•
•
Ore grades depleting in gold mines
Disproportionate growth in mining and mineral processing industries
Increased large equipment demand (including mineral processing consumables)
•
•
•
Penetrate the market with the distinctive DynaPrime product
Leverage the launch of sensor-based products
Focus on launching a recycling service for used products
•
•
•
Expand largely out of accruals
Fund working capital needs at a low cost
Remain largely under-drawn for working capital needs
Increase Market Share
Increase Customer Base
Leverage Market Insights
•
•
Leverage existing presence in 3 global manufacturing locations
Increase market penetration in high growth markets
• Widen presence in North America, South America, Australia and South Africa
•
•
•
Leverage design, engineering and manufacturing potential
Enhance wallet share of existing customers; increase cross-sale
Focus on quality products and value-added solutions with recurring demand
•
•
•
Deepen presence in existing markets (USA, Chile, Peru and Mexico)
Leverage insights from these markets to enter new ones
Position as a multi-sector and multi-terrain specialist
TEGA INDUSTRIES LIMITED
27
Key Growth Drivers Going Forward
Capitalize on the future
Product Improvement
Capacity Expansion
•
•
•
Leverage proprietary R&D capabilities; increase product offerings
Launch new products through in-house software programmes
Leverage successful product launch experiences (DynaPrime, Rapido and Combi-screen)
•
•
•
Consistently improve products,enhancing cost- effectiveness
Offer sustainable products that offer greater efficiency (application and costs)
Strengthen its ‘plant audit’ expertise led by the R&D team
•
•
•
Greenfield facility in Chile
Engage in brownfield expansion in South Africa and India
Seek debottlenecked opportunities to grow capacity
Extension into life cycle management
Acquisitions and alliances
Improve operational efficiency
•
•
•
Extend into life cycle equipment management, generating annuity revenues
Address the increased requirement of bespoke critical spares and services
Enhance production efficiency for customers
•
•
•
Enter complementary acquisitions and alliances
Access new technologies, customers and geographies
Utilise free cash flows
•
•
•
Deepen presence in existing markets (USA, Chile, Peru and Mexico) Leverage insights from these markets to enter new ones Position as a multi-sector and multi-terrain specialist
TEGA INDUSTRIES LIMITED
28
Experienced Board of Directors
MADAN M. MOHANKA Chairman and Executive Director Appointed: Since inception
Promoter, Founder and Chairman Serves on the Board of our subsidiaries
MEHUL MOHANKA Managing Director and Group CEO Appointed: Jun-02
SYED YAVER IMAM Executive Director Appointed: Jul-05
One of the Promoters, MD & Group CEO Chairman of the mining and construction equipment division & Co-chair of the national committee on mining of Confederation of Indian Industry
Serves as Director - Global Product Group Executive Director from Apr-21-present Previously Non-Executive Director on the Board (Jun-19 to Mar-21)
JAGDISHWAR SINHA Independent Director Appointed: May-21
MADHU DUBHASHI Independent Director Appointed: May-21
Previously with The Tata Iron and Steel Company Ltd., Tata Timken Ltd., Timken India Ltd., Schaeffler Technologies AG & Co., Ace Automation Control Equipment Private Ltd., Caparo Maruti Ltd.
Previously with Global Data Services of India Ltd. Bachelor’s degree in arts from University of Delhi & PGDM from IIMA
TEGA INDUSTRIES LIMITED
ASHWANI MAHESHWARI Independent Director Appointed: Apr-22
Previously with VARROC Engineering, B. K. Birla Group, ITC Ltd & Tata Steel Mechanical Engineering from IIT, Roorkee & Sloan Masters degree in Leadership & Strategy from London Business School
29
Management Team
MEHUL MOHANKA MD and Group CEO
SHARAD KUMAR KHAITAN CFO and President – Finance & Accounts
One of the Promoters of the Company, MD & Group CEO Associated with Tega for almost two decades Master’s degree in Business Administration from the University of Pittsburgh & Bachelor’s degree in commerce from University of Calcutta
Qualified Chartered Accountant with an experience of more than 20 years in areas of Financial Planning & Analysis, Treasury, Investor Relations and Business Strategy in diverse industry verticals & multi-cultural environments.
MANOJ SINHA Director- Global Operations
Associated with Tega for 7+ years, Btech Previously associated with Tata Engineering and Locomotive Company, New Holland Tractors (India) and Sterling Generators Bachelor’s degree in engineering from Sambalpur University
SYED YAVER IMAM Director – Global Product Management Group & Head of Sales
Associated with Tega for four decades Joined as a Trainee in 1981 and climbed up the ladder Bachelor’s degree in Civil Engg from Jadavpur University
BHANU SHARMA Senior Vice-President – Human Resources & Administration
Associated with Tega for more than 1 year Previously associated with JSW Energy for more than a decade PGDM from MDI, Gurgaon
TEGA INDUSTRIES LIMITED
30
Sharad Kumar Khaitan
Chief Financial Officer
investor.relations@tegaindustries.com
Mr. Bhavya Shah
+91 8082748577 bhavya.shah@linkintime.co.in
Mr. Sumeet Khaitan
+91 7021320701 sumeet.khaitan@linkintime.co.in
Thank You