Solar Industries India Acquisitions: every company it has bought
Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer
Solar's largest deal is the pending $1.355 billion purchase of Omnia Holdings11. Earlier it bought Rajasthan Explosives and Chemicals (2023) and Problast (2024) 810.
On 14 September 2026 Solar SA Investments, a Solar subsidiary, agreed to buy Omnia Holdings of South Africa for about $1.355 billion in an all-cash deal 11. Omnia serves mining, agriculture and chemicals customers and reported revenue of about $1.41 billion (₹13,307 crore) in its last financial year, more than Solar's own FY26 revenue of ₹9,838 crore 911. Its BME brand provides electronic initiation systems and integrated ammonium nitrate production 11.
The deal needs competition approvals and is expected to close in early to mid-2027, after which Omnia would leave the Johannesburg Stock Exchange and A2X 11. Solar's shares fell 13.6% after the announcement amid concerns about the borrowing needed 12.
Building abroad
Before Omnia, Solar grew overseas mostly by building plants: it now manufactures in Zambia, Nigeria, Turkey, South Africa, Ghana, Tanzania and Indonesia and had 36 subsidiaries and three associates in FY26 10.
At home
In India it bought Rajasthan Explosives and Chemicals in 2023 8. Its defence business sits in Economic Explosives, a wholly owned subsidiary 8.
Frequently asked questions
Yes. A Solar subsidiary agreed in September 2026 to buy Omnia Holdings for about $1.355 billion; completion is expected in early to mid-2027.
