From N300 to $500M

From N300 to $500M: A #Nigerian businessman, Cosmas Maduka started a business with a friend that failed under 1 month. He later recovered and began his own business with N300, which has grown into a conglomerate.

He owns the only company in Nigeria with an assembly plant just for Ford vehicles worth $500M.

BACKGROUND 

Dr. Cosmas Maduka is the founder, President/CEO of Coscharis Group. He started Coscharis Motors as a one-man business and over the years has transformed the organization into an indigenous conglomerate with diverse interests in Manufacturing, ICT, Petrochemical, Auto care and Auto Components, Automobile Sales and Services, Agric and Agro Allied business sectors of the Nigerian economy. Through his visionary leadership, Coscharis Motors has secured the sole franchise of BMW, MINI, Rolls Royce and Jaguar Land Rover premium brands and Abro USA Auto care and Consumer products amongst others. Coscharis is also a very strong partner for the distribution of the Ford brand of automobiles in Nigeria. 

He is currently serving on the Board of many companies notable among them are CG-EKO LLP, First System Refinishes Ltd., CG Biostadt Limited, and Sixt Rentals, Nigeria. He served as a Director in Access Bank Plc., one of the leading banks in Nigeria for 12 years from 2000-2012. 

He also served as the President/Chairman of the Nigerian Table Tennis Federation for 16 years during which Nigeria led Africa in all the events. He led the Nigerian Team to the Olympic Games; Atlanta ’96, Athens 2000, Sidney 2004 and Beijing 2008.

Dr. Cosmas Maduka is an Entrepreneur per Excellence. He is a motivational speaker and plays a mentoring role to upcoming entrepreneurs. Dr. Maduka is a holder of Honorary Doctor of Business Administration (PhD) of University of Nigeria, Nsukka in 2003. He is an Alumnus of Harvard Business School (Executive Education Program). In September 2012, the President of the Federal Republic of Nigeria conferred him with the National Honours of the Commander of the Order of the Niger (CON).


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