Satyanarayan Nuwal
$5.4B
Born
Jul 25, 1952
Age
73
Source of Wealth
Industrial explosives
Residence
Nagpur,
Citizenship
India
Marital Status
Married
Children
2
Education
- Satyanarayan Nuwal started Solar Industries India in 1995 to trade in industrial explosives then started manufacturing them.
- The biggest chunk of its annual revenue is from exports, followed by housing and infrastructure, state-owned coal companies and the defense sector.
- The son of a government employee, Nuwal set up his first business, an ink manufacturing unit in 1970 at age 18.
- It has 25 manufacturing locations across India and exports to more than 50 countries.
- Nuwal and his brother Kailashchandra, also a billionaire, have been embroiled in a feud since 2020.
- Nuwal tried his hand at several businesses before latching on to industrial explosives but they all failed.
- He used to sleep at the railway station when he was broke.
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