Who Owns Solar Industries India? shareholders, promoters and parent
Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer
The Nuwal family owns about 73.15% of Solar Industries 3. Manish Nuwal is the largest single shareholder with 38.93%, and his uncle Kailashchandra's branch holds most of the rest of the promoter stake 3.
Founded1995, Nagpur, Maharashtra
StatusListed
Listed onNSE, BSE: SOLARINDS
Who owns Solar Industries?
Solar Industries India is listed on the NSE and BSE, but control rests with the founding Nuwal family. A March 2025 SEBI order set out the promoter group's holding at 73.15% of the company, with the rest held by public shareholders 3.
SEBI's order of 21 March 2025 exempted a planned transfer of 2,64,51,193 shares, or 29.23%, from Kailash Chandra Nuwal and Indira Kailashchandra Nuwal to the Sohan Devi Nand Lal Nuwal Trust from the usual open-offer rules 3. It described the move as an internal reorganisation for family succession that would not change the promoter group's total holding 3. The sources reviewed do not confirm whether the transfer has been completed.
Two branches, one company
Satyanarayan Nuwal's branch holds the larger stake and runs the company: he is chairman and Manish is managing director and CEO 18. Kailashchandra Nuwal left the board in 2019 and the brothers have been in dispute since 2020 115. In August 2025 the Supreme Court disposed of the company's appeal in a case against him and asked the NCLT to hear the matter on its merits 14. Both Satyanarayan and Kailashchandra are billionaires on the strength of their Solar shares; see Satyanarayan Nuwal.
Frequently asked questions
About 73.15%, according to a March 2025 SEBI order.
Manish Nuwal, with 38.93% at the time of the SEBI order.
A family trust that SEBI allowed to receive 29.23% of Solar's shares from Kailash Chandra Nuwal and his wife as part of a succession reorganisation.
