Madhusudan Kela grew up in Kurud which is in Chhattisgarh.
He completed Masters in Management Studies in 1991 from K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai. Thereafter he did equity research at CIFCO and SSKI (Sharekhan). In 1994, he joined Motilal Oswal to start their institutional desk before moving to UBS in 1996. He joined Reliance Mutual Fund in 2001.
In the words of Madhusudan Kela at his experience in SIMSR,"We had a professor called Dr. R L Bhatia who taught us HR. He said whenever you face a grave problem, remember that your biggest asset are your people. And it is your ability to deal with people that determines how far you go in life. When I reflect back on my career of 25 years, I realize that he was absolutely right. At the end of the day, my people are my biggest strength."
- "Archived copy". Archived from the original on 2011-07-17. Retrieved 2010-06-22.
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