Satyanarayan Nuwal is the founder and chairman of Solar Industries India Ltd. (SIIL), a major player in industrial explosives, defense equipment, and mining solutions. His leadership has made SIIL a globally recognized brand in explosives manufacturing.
Satyanarayan Nuwal started his career in the explosives industry in the 1980s and founded Solar Industries India in 1995. The company began as a small-scale manufacturer but quickly expanded due to Nuwal’s strategic vision and focus on innovation. Today, SIIL supplies explosives to mining, infrastructure, and defense sectors, with operations in over 50 countries.
Nuwal’s business acumen has earned him several accolades, including the "Entrepreneur of the Year" award by EY (Ernst & Young). His ability to scale a niche business into a multi-billion-rupee enterprise makes him a key figure in India’s industrial sector.
Solar Industries India Ltd. (SIIL) is a leading manufacturer of industrial explosives, defense ammunition, and mining solutions. Founded by Satyanarayan Nuwal in 1995, the company is listed on NSE & BSE and serves global markets.
Satyanarayan Nuwal’s primary investment is in Solar Industries India, but he also holds stakes in real estate, defense startups, and equity markets. His net worth is largely tied to SIIL’s stock performance.
Solar Industries India is a high-growth stock, benefiting from India’s mining and defense sectors. Under Nuwal’s leadership, the company has delivered strong returns to shareholders.
As of 2024, Satyanarayan Nuwal’s net worth is estimated at ₹15,000+ crore (~$1.8 billion), primarily from his stake in Solar Industries India and other investments.
Satyanarayan Nuwal's ₹12,000+ crore wealth comes primarily from his 40% SIIL stake, supplemented by ₹300-400cr annual dividends and investments in real estate/defense startups through Solar Industries' market dominance.
Satyanarayan Nuwal is expanding Solar Industries into drone-based defense systems, securing ₹1,200cr+ military contracts, and funding education/healthcare in Nagpur. SIIL’s stock has grown 18% YTD.

Date	Company	Sector	Round	Investments	Co-Investors
				₹ 33.88 Lakh
				₹ 73.8 Lakh
				-
				-

Satyanarayan Nuwal Snapshot

Satyanarayan Nuwal

Satyanarayan Nuwal Investments

Is This Your Account?