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 Providers, 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)
Dad and mom: 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 dad and mom 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 compelled 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 muffins) 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 car store. He was very hardworking and in a brief time frame, received his uncle’s belief.
In 1975, Maduka’s relationship along with his uncle turned bitter and his apprenticeship was abruptly terminated. This was on account 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 (Govt Training Program).
Journey as an Entrepreneur
After the disappointing incident along with his uncle, Cosmas Maduka based an auto spare components enterprise referred to as Maduka Brothers along with his brother. They each nonetheless parted methods after some years resulting from ideological variations.
Within the quest to succeed, the younger Cosmas ventured into a brand new enterprise of shopping for and promoting motorbike spare components 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 components consignment. This did not solely incur him nice loss but additionally plunged him into debt. At a degree, his landlord needed to lock up his store following his incapability to resume his hire.
After shedding his first capital, Maduka was compelled 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 good friend named Dave to begin a enterprise which they referred to 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 referred to as Coscharis. The identify Coscharis was shaped from the mixture 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 Providers, Auto care and Auto Elements, ICT, Manufacturing, Petrochemical enterprise sectors.
Cocharis Motors has over time, grown to change into a number one car 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 bought married to his beautiful 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.