Kailashchandra Nuwal Companies

Kailashchandra Nuwal companies

Forbes ties Kailashchandra Nuwal's fortune to one company, Solar Industries India, the Nagpur maker of industrial explosives and defence products 1. He holds shares but has had no board role since 2019 1.

By our calculation from Forbes' share count and price, the stake was worth about $5.48 billion (about ₹52,220 crore) on 5 November 2026 12.

Solar Industries in numbers

For the year to March 2026 Solar reported record sales of ₹9,838 crore and net profit of ₹1,737 crore 7. Its defence order book stood at about ₹18,000 crore, and defence revenue in the March quarter more than doubled 7. The group has grown from a domestic supplier of explosives to Coal India into an exporter and defence contractor, a shift led by managing director and CEO Manish Nuwal 8.

Other interests

Forbes says his 2019 exit followed a failure to disclose a stake in a private company, but it does not name that company, and no other business holdings of his appear in the sources reviewed 1. This page will add other companies only if they are confirmed in filings or reliable reporting.

His voice as a shareholder

Without a board seat, his influence comes through his votes. At Solar's 2023 annual general meeting he voted against four resolutions, including a change to the articles of association 1. The company's position on those resolutions and the final voting outcome are not set out in the sources used here.