Satyanarayan Nuwal

Net worth over time

Biography

• 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 27 manufacturing locations across India and exports to more than 90 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.

Financial assets