Whenever you hear the business name ‘Coscharis‘, an automobile giant in Nigeria comes to your mind.

The brain behind Coscharis is Cosmas Maduabuchukwu Maduka. He’s the founder of the famous Coscharis motors we all know today. The company is currently known to be one of the most successful auto parts lease company and major distributor of several brands of luxurious cars.

Let’s sit back, relax and read about how the automobile mogul, Cosmas maduabuchukwu Maduka, started from the scratch to the level he is positioned today.

It all started when this Nnewi-born Cosmas Maduabuchukwu Maduka was just seven years old. The beginning was a very tough one for him; he didn’t get to where he is on a platter of gold.

At the age of four, Cosmas lost his dad which led him to hawking bean cake (akara) in a bid to survive the hardship. As time passed, life became harder for the mother to take care of Cosmas and the other three children of hers. She resolved to withdraw Cosmas from elementary three and then sent him to his maternal uncle in Lagos as an apprentice. He worked with no contractual agreement with his uncle.

His uncle who lived at Ebutte-Metta took Cosmas along with him to work. People around even questioned if the little Cosmas could keep up with learning at such age. He even had to spend his night inside the shop while his uncle went home with the keys. His uncle didn’t have a house of his own then so he stayed with his friend.

At the young age of nine, Cosmas mastered his craft and was seen doing what elderly people were doing. He could then single-handedly travel all the way from Lagos down to Nnewi to make some purchases for his boss. He kept to this pace up till the age of 14 when he was sent to work in some of their branches like Sokoto.

At that age of 14, Cosmas had an issue with his uncle that led to his uncle giving him a N200 to go and find his way. This was a way of punishing him by his uncle. He told his uncle he didn’t deserve such treatment from him but his uncle hardened his heart. He outrightly told his uncle to give him five years and he would be amazed with what will come out of it.

He thereafter set up a company – Maduka Brothers – with his brother for selling spare parts. They later parted ways due to ideological differences and his capital after dissolving the business then was N300.

With this N300, Cosmas started his own business. He bought goods from Lagos and sold them off in Nnewi. His first breakthrough was when he went to Boulous Enterprise to purchase motorcycle spare parts. He stumbles upon a new innovation – motorcycle crash ban – and he bought several of them. He played smart; he removed the address of Boulous from the carton so that people won’t be able to trace the source of his merchandise. It was a swift sale for him; everything was sold that day. This led him to taking a night bus back to Lagos to get more goods. He embarked on this business travel up to four times in a week. It was a boom for him; his capital rose from N300 to N3000.

Cosmas got married at an early age of 19 and he took to the path of importation afterwards with the capital he had. He was face with a very big challenge when he received a wrong consignment. This was a very big problem for him and it ended up landing him in debt. He owed his landlord for months, his shop was locked. Cosmas didn’t just give up, he continued striving, and He believed there was a very bright light at the end of the tunnel.

He believed in dignity in labour which made him start all over again after incurring such loss. He used the scale he got as a wedding gift to make money. How did he do that?

He took the scale to the market and charged everyone that climbed on it 10kobo. He used this scale to build up another business capital. He made a lemonade out of the lemon life threw at him.

When he gathered enough money from his scale business, Cosmas teamed up with one of his friends called David to set up a company they named CosDave. Just like he did with his brother, he parted ways with Dave due to ideological differences and then formed Coscharis.

Coscharis was coined from his name and the name of his wife, Charity. Coscharis is a combination of words.

As a channel to the breakthrough of Coscharis in 1982, Nigerian government granted import licenses to up to ten motor companies of which Coscharis was among. Coscharis continued to expand from that very day up till this day; they now have several subsidiaries.

In 1987, Coscharis ultramodern complex was commissioned at Victoria Island. Coscharis state of art ultramodern sales and showroom in Maza maza, Lagos, was also commissioned by Alhaji Atiku Abubakar In 2000. He was then the Vice President of Nigeria.

Coscharis secured in 2015 the right of being the sole distributor of the BMW car brand in Nigeria. It is also the first company in Nigerian to build an assembly plant for Ford Ranger.

Cosmas is gifted with five children of whom his eldest son is 32 years old.


https://autojosh.com/story-coscharis-auto-business-mogul/

Good.

When God says yes in whatever you do, end of discussion.

Lagos again.

Most successful Nigerians that had rough childhood and eventually made in life, and were living in Lagos as immigrants from other States would forever be grateful to that state that gave them a headstart.

As an immigrant from Bayelsa,i am for ever grateful to the Yoruba's and Lagos State for making me find my feet.

Hopefully as God has blessed him, he should endeavor to touch the lives of those he can.

Overall, there is a God in Heaven and he blesses all.

Ok.

I remembered this copy when I was working with shipping coy..

Rank your business on Google and get more clients check my profile to see new results

Inspiring .

God bless our HUSTLE!

woow

igbo amaka

Nice.

From 300 Naira to billionaire.
Oluwa bless my hustle

Igbo are the most enterprising, resourceful people in Nigeria. An Igbo man as President and Nigeria will be envied by US, UK. Yoruba and Fulanis have dragged us backward for too long

.

post=75464412:
inspiring

Long time no see my friend.
I thought you must have deactivated your account after the recent blunders by your Oga at the top,tell me I pray you,what do you have to say in defence of the demented pharoah that doesn't want to let Nigerians move forward?

hugly man

watch how you treat those you meet on your way up the ladder because you might need their help on your way down!
I wonder how that his uncle would be feeling seeing the success of a nephew he disposed off as an outcast!
See eh,no one knows tomorrow so treat everyone right

He has also ventured into agriculture. I saw his farm where I served in Anambra State.

All the wealthy business men in Nigeria today all have a heart touching story to buttress their way to success...but all this people you hear and see today were rich through fraud and drugs.I know when coscharis was leaving at beach land estate and all his children.

Inspirational

Passion! Passion! Be passionate about whatever you are doing. Whenever there is any issue, the passion keeps you going. You don't even see it as issue cos the passion will blindfold you to see it as such rather learn from the issue and keep looking forward to the brighter future. Lesson. When you have passion for that thing, there will always be a way out when issue arises, might take time or might not. There will definitely be a way out!

8GB Atm card flash drive for #1000 only. Check link
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Just like most rags to Riches stories in Nigeria.
We were following his progress financially till 1982.
Nothing was written about how he got the import licence. What the cost of the import licence was and how he got the money for the licence.

Next, he was able to build an ultra modern complex in Victoria Island 5 years later.

What a humble start and an inspiring life. Oh Lord please lead me on the right path. Teach me to hold forth even in the midst of adversaries, and help me to keep the faith for I know that you are more than able to accomplish what you started in my life

wow inspiring

when it comes to business, I give it to the anambra man

Anambra kwenu!

AutoJoshNG:


Whenever you hear the business name ‘Coscharis‘, an automobile giant in Nigeria comes to your mind.

The brain behind Coscharis is Cosmas Maduabuchukwu Maduka. He’s the founder of the famous Coscharis motors we all know today. The company is currently known to be one of the most successful auto parts lease company and major distributor of several brands of luxurious cars.

Let’s sit back, relax and read about how the automobile mogul, Cosmas maduabuchukwu Maduka, started from the scratch to the level he is positioned today.

It all started when this Nnewi-born Cosmas Maduabuchukwu Maduka was just seven years old. The beginning was a very tough one for him; he didn’t get to where he is on a platter of gold.

At the age of four, Cosmas lost his dad which led him to hawking bean cake (akara) in a bid to survive the hardship. As time passed, life became harder for the mother to take care of Cosmas and the other three children of hers. She resolved to withdraw Cosmas from elementary three and then sent him to his maternal uncle in Lagos as an apprentice. He worked with no contractual agreement with his uncle.

His uncle who lived at Ebutte-Metta took Cosmas along with him to work. People around even questioned if the little Cosmas could keep up with learning at such age. He even had to spend his night inside the shop while his uncle went home with the keys. His uncle didn’t have a house of his own then so he stayed with his friend.

At the young age of nine, Cosmas mastered his craft and was seen doing what elderly people were doing. He could then single-handedly travel all the way from Lagos down to Nnewi to make some purchases for his boss. He kept to this pace up till the age of 14 when he was sent to work in some of their branches like Sokoto.

At that age of 14, Cosmas had an issue with his uncle that led to his uncle giving him a N200 to go and find his way. This was a way of punishing him by his uncle. He told his uncle he didn’t deserve such treatment from him but his uncle hardened his heart. He outrightly told his uncle to give him five years and he would be amazed with what will come out of it.

He thereafter set up a company – Maduka Brothers – with his brother for selling spare parts. They later parted ways due to ideological differences and his capital after dissolving the business then was N300.

With this N300, Cosmas started his own business. He bought goods from Lagos and sold them off in Nnewi. His first breakthrough was when he went to Boulous Enterprise to purchase motorcycle spare parts. He stumbles upon a new innovation – motorcycle crash ban – and he bought several of them. He played smart; he removed the address of Boulous from the carton so that people won’t be able to trace the source of his merchandise. It was a swift sale for him; everything was sold that day. This led him to taking a night bus back to Lagos to get more goods. He embarked on this business travel up to four times in a week. It was a boom for him; his capital rose from N300 to N3000.

Cosmas got married at an early age of 19 and he took to the path of importation afterwards with the capital he had. He was face with a very big challenge when he received a wrong consignment. This was a very big problem for him and it ended up landing him in debt. He owed his landlord for months, his shop was locked. Cosmas didn’t just give up, he continued striving, and He believed there was a very bright light at the end of the tunnel.

He believed in dignity in labour which made him start all over again after incurring such loss. He used the scale he got as a wedding gift to make money. How did he do that?

He took the scale to the market and charged everyone that climbed on it 10kobo. He used this scale to build up another business capital. He made a lemonade out of the lemon life threw at him.

When he gathered enough money from his scale business, Cosmas teamed up with one of his friends called David to set up a company they named CosDave. Just like he did with his brother, he parted ways with Dave due to ideological differences and then formed Coscharis.

Coscharis was coined from his name and the name of his wife, Charity. Coscharis is a combination of words.

As a channel to the breakthrough of Coscharis in 1982, Nigerian government granted import licenses to up to ten motor companies of which Coscharis was among. Coscharis continued to expand from that very day up till this day; they now have several subsidiaries.

In 1987, Coscharis ultramodern complex was commissioned at Victoria Island. Coscharis state of art ultramodern sales and showroom in Maza maza, Lagos, was also commissioned by Alhaji Atiku Abubakar In 2000. He was then the Vice President of Nigeria.

Coscharis secured in 2015 the right of being the sole distributor of the BMW car brand in Nigeria. It is also the first company in Nigerian to build an assembly plant for Ford Ranger.

Cosmas is gifted with five children of whom his eldest son is 32 years old.


https://autojosh.com/story-coscharis-auto-business-mogul/

I remember him more for bringing Range Rover and BMW to Nigeria without providing adequate training for his service team: which led to massive dumping of both brands by the Nigerian police force until people like sooperescue and n others saved the day.

i have read this story before but i to read it again because of the never die easily spirit in it.

Igbo amaka

Nice

God bless Nigeria

igbo men are very industrious


the real slay kings


igbo amaka bikonu

Nice one.
There's dignity in labour.

hisexcellency34:
Igbo are the most enterprising, resourceful people in Nigeria. An Igbo man as President and Nigeria will be envied by US, UK. Yoruba and Fulanis have dragged us backward for too long

This message is uncalled for despite me be an Igbo person because it generate hate and division.
The reason for this tread is for you to learn , I learn and for everyone not to give up hope no matter the circumstances because anyone present conditions NEVER determines his/her tomorrow. Above all for us to celebrate this living iconic legend .

wow....they only know u when u have made it

Derawiz:

Long time no see my friend.
I thought you must have deactivated your account after the recent blunders by your Oga at the top,tell me I pray you,what do you have to say in defence of the demented pharoah that doesn't want to let Nigerians move forward?

you have something against prosperity

I listened to his testimony which he shared in our Full Gospel business men fellowship dinner. You could hear a pin drop as you listen to a Man who started by telling us that


" Don't mind my spoken English because I never finished my elementary class"