Who is Satyanarayan Nuwal? Meet Nagpur's richest person, who is the founder of Solar Industries India and one of India's leading billionaires with an estimated net worth of Rs. 45,650 crores.
Nagpur is renowned for the moniker of "Orange City", courtesy of its massive cultivation and trade of oranges. The winter capital of Maharashtra, Nagpur, often breaks into the headlines every now and then for a series of reasons. Last year in 2024, Nagpur caught everyone's attention when the city hosted a Bollywood star-studded cultural festival, Khasdar Sanskritik Mahotsav. Unfortunately, in 2025, Nagpur dominated headlines after violence and communal clashes erupted in the city over Aurangzeb's tomb.
For the uninitiated, the clashes between the two communities broke out after some people started protesting and demanding the removal of Aurangzeb's tomb located in Chhatrapati Sambhajinagar district in Nagpur. Over the decades, time and again, we have seen Nagpur coming out of such tense situations. Riots and violence aren't something Nagpur is famous for. Instead, it is renowned for being home to many inspiring entrepreneurial success stories.
Today, we have one story with us that will surely make you believe in the power of hard work and perseverance. So, without further ado, let's get started. The person whose journey we are decoding today is Satyanarayan Nandlal Nuwal. The 72-year-old Indian billionaire is Nagpur's richest person with an estimated net worth of Rs. 45,650 crores. Satyanarayan Nuwal is the Founder and Executive Chairman of Solar Industries India Limited.
For the uninitiated, Satyanarayan Nuwal's career began when he started working in a small chemicals and trading firm, but unfortunately, it was closed soon. After losing his job, he crossed paths with an explosive license bearer named Abdul Sattar Allah Bhai, who introduced Satyanarayan to the world of explosives. It was in 1970 when Satyanarayan started his own business related to explosives, and in the following years, he went on to become one of India's leading explosives dealers.
After working in the explosives industry for many years, in 1995, Satyanarayan Nuwal laid the foundation of his company, Solar Industries India Limited in Nagpur. As time passed, Solar Industries started operating in 65 countries, and as of now, it is offering products related to industrial explosives and explosive-initiating devices. From grenades, drones, warheads, and propellants to motors for space, integration of rockets and many more, Solar Industries is aligned with the Make in India mission. According to a report in DNA, Satyanarayan Nuwal's Solar Industries India Limited has a market capitalisation of Rs. 92,000 crore.
Satyanarayan Nandlal Nuwal was born into a modest family from Rajasthan's Bhilwara. Due to financial constraints, he dropped out of school after class 10 and started working to support his family. At the age of 18, he opened an ink production plant. Although his first business venture failed miserably, he learnt many things about business. In the year after he turned 19, he got married. Although his wife's name isn't available in the public domain, the billionaire business tycoon prefers to keep his personal details private.
It's incredible how Satyanarayan Nandlal Nuwal managed to make his way through life despite having no formal education after class 10. Currently, he is the founder and executive chairman of a company whose worth is around Rs. 92,000 crore. There was a time when Satyanarayan Nuwal was earning Rs. 1000, but it was his determination and hard work that has taken his net worth to the jaw-dropping mark of Rs. 45650 crore. We hope Nagpur's richest person, Satyanarayan Nandlal Nuwal's success story inspires all the aspiring entrepreneurs out there.
What are your thoughts on Satyanarayan Nandlal Suwal's journey? Let us know.
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