TEGA Industries Ltd: Journey of an Indian MNC (Part B)
Publication date: 1 November 2023
Abstract
Madan Mohanka set up Tega Industries Ltd. in 1976 to manufacture abrasion-resistant rubber mill lining products used in the mining and mineral processing industries. In 2011, as part of its inorganic expansion strategy, Tega bought a company in Chile. However, post-acquisition, several managerial, legal and commercial problems crept up in its manufacturing facilities in Chile, leading to financial downturn in Tega's fortunes in 2016 and compelling it to planning a revival between 2016-19. However, political unrest and Covid 19 uncertainty has caused a dilemma related to further investments worth INR 1.25 billion. Management is contemplating the next steps.
Keywords
Citation
Singla, C. and Singh, B. (2023), "TEGA Industries Ltd: Journey of an Indian MNC (Part B)", . https://doi.org/10.1108/CASE.IIMA.2023.000022
Publisher
:Indian Institute of Management Ahmedabad
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