Started with ₹1000-now owns ₹67,000 crores in 6 months

Success story: The first half of the year 2025 for the top-20 industrialists of India has been fantastic. Despite the huge fluctuations in the stock market during this period, their average returns have been 15.6%. The Sensex has given only 7.11% returns in the first half. Among the top-20 industrialists, the wealth of Solar Industries co-founder and chairman Satyanarayana Nuwal has increased the most. According to Bloomberg data, his assets have increased by 78.4 percent to Rs 67527 crore in the last six months. At the same time, during this period, the wealth of RJ Corp Chairman Ravi Jaipuria has declined by 24.6%. Solar industries shares were 54% in 2023 and 45% in 2024.The business journey of Satyanarayan Nuwal has been very struggling. He was born in Bhilwara, Rajasthan. His father was Patwari. Dada had a small groceries shop. His family was surrounded by financial crisis after his father retired from his job. Due to financial constraints, he was able to read only till 10th. At a young age, the family members married him. He started the ink business of fountain pens to run the expenses of the house. However, this business did not work and Satyanarayana suffered a lot.

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Nights spent on railway platform

In 1977, Satyanarayan came in search of work in Balharshah in Chandrapur district of Maharashtra. He did not get a job here for several days. Due to lack of money to rent the room, Nuwal spent several nights on the railway station platform. He later met Abdul Sattar Allahbhai, a businessman of explosives. Satyanarayana realized that there is good earning in the business of explosives. However, the problem was that licenses and warehouses were needed to do business of explosives. Both of them were not with them.

After working near Abdul, he added some money. Satyanarayan started selling the explosives on Abdul’s license in his warehouse by giving 1000 thousand rupees a month to Abdul Sattar. They used to buy an explosive of Rs 250 and sell it for Rs 800. Satyanarayan quickly increased his business well with his hard work and understanding.

Company exposed to bank taking loan from bank

After some time, the British company Imperial Chemicals Industry, which created the explosion, made Satyanarayana its distributor. Becoming a distributor proved to be the turning point of Satyanarayan’s life. This increased his business greatly and he became very capable financially. By the year 1995, Satyanarayan Nuwal had had a long experience of making and selling explosion. They wanted to do something big in this field. In view of this, he formed his company in the year 1995. He took a loan of Rs 60 lakh from the bank to establish the company. A year later, in 1996, he got a license to make 6,000 tonnes of explosives annually.

In 2010, Solar Industries was the first private company in the country to get a license from the Government of India to make explosives to make weapons for the defense forces of India. He became the world’s fourth largest explosive manufacturer and the largest manufacturer of packaged explosives in the year 2021-22 with a capacity of four million tonnes annually.

67527 crore net worth today

According to Bloomb, the net worth of Satyanarayan Nuwal is now Rs 67527 crore. The market capitalization of his company solar industry today is Rs 1.54 lakh crore. Satyanarayan has about 70 percent of the solar industry. About 8 thousand employees work in solar industry. Today Satyanarayan’s company makes explosives and propalents for grenade, drone and warhead.