Cosmas Maduka is a well-liked Nigerian businessman and philanthropist. He’s the founding father of Coscharis Group, an indigenous conglomerate with various curiosity in Manufacturing, ICT, Petrochemical, Auto care and Auto Elements, Car Gross sales and Companies, Agric and Agro-Allied enterprise sectors.
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Cosmas Maduka Profile
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Full identify: Cosmas Maduka
Born: 24th December 1958
Age: 63 years (2021)
Mother and father: Peter Maduka, Rose Maduka
Training: College of Nigeria, Nsukka
Partner(s): Charity Maduka
Youngsters: Cosmos Jr Maduka, Jonathan Maduka, Charity Ngozi Maduka, Peter Ok. Maduka
Cosmas Maduka Biography and Early Life
Cosmas Maduka was born on the 24th of December, 1958 to the household of Mr and Mrs Peter and Rose Maduka in Jos the capital of Plateau State, Nigeria. His mother and father initially hailed from Nnewi, however he was raised within the chilly metropolis of Jos. Cosmas was the second youngster in a household of 4 youngsters.
After his father’s loss of life in 1962, he was pressured to begin fending for himself. When he was 7, he withdrew from main faculty at elementary three to help his mom in hawking Akara (bean desserts) in Plateau, Jos.
When Cosmas Maduka was 12 years previous, he moved to the Ebute Metta space of Lagos the place he began serving as an apprentice in his uncle’s vehicle store. He was very hardworking and in a brief time period, gained his uncle’s belief.
In 1975, Maduka’s relationship along with his uncle turned bitter and his apprenticeship was abruptly terminated. This was because of the closure of the workshop, whereas Cosmas attended a church camp programme. His uncle was furious and dismissed him with solely ₦200 as his settlement.
In 2003, Cosmas Maduka was awarded an Honorary Physician of Enterprise Administration (PhD) by the College of Nigeria, Nsukka.
He additionally holds an Alumnus of Harvard Enterprise Faculty (Government Training Program).
Journey as an Entrepreneur
After the disappointing incident along with his uncle, Cosmas Maduka based an auto spare elements enterprise known as Maduka Brothers along with his brother. They each nonetheless parted methods after some years on account of ideological variations.
Within the quest to succeed, the younger Cosmas ventured into a brand new enterprise of shopping for and promoting motorbike spare elements from Boulos Industries in Lagos. He ran the enterprise for some time, however issues fell aside after some time when he obtained the incorrect spare elements consignment. This did not solely incur him nice loss but in addition plunged him into debt. At some extent, his landlord needed to lock up his store following his lack of ability to resume his lease.
After dropping his first capital, Maduka was pressured to begin over once more. In a bid to earn himself a loving, he picked up a weight scale that he had obtained as a present from his wedding ceremony, took it to the market, and began to cost 10 kobos from everybody who measured their weight.
After saving up some cash, he teamed up with one other pal named Dave to begin a enterprise which they known as CosDave. Not lengthy after launching the partnership, that they had a falling out and separated.
Cosmas as soon as once more needed to begin up one other enterprise known as Coscharis. The identify Coscharis was fashioned from the mix of two names: his identify, Cosmas, and his spouse’s identify, Charity.
Coscharis Group is now a conglomerate with a web price of over $500million with a number of subsidiaries together with Agric and Agro-Allied, Car Gross sales and Companies, Auto care and Auto Elements, ICT, Manufacturing, Petrochemical enterprise sectors.
Cocharis Motors has through the years, grown to grow to be a number one vehicle gross sales and servicing firm in Nigeria. It’s a main distributor of a number of manufacturers of luxuries automobiles together with Jaguar, Vary Rover and Ford.
Cosmas Maduka acquired married to his pretty spouse, Charity in 1977, on the early age of 19. The union is blessed with three sons; Cosmos Jr Maduka, Jonathan Maduka, Peter Ok. Maduka and a daughter, Charity Ngozi Maduka.
He’s a faithful Christain and a member of the Redeemed Christian Church of God.