Satyanarayan Nuwal Family

Satyanarayan Nuwal's parents

He was born in Bhilwara, Rajasthan, and Forbes says his father was a government employee 13. The family's circumstances were modest enough that he left education after matriculation 3.

His son

Manish Satyanarayan Nuwal joined the business in the mid-1990s and is managing director and CEO of Solar Industries India 5. Business Today credits him with driving the company's expansion into defence, which grew from about 5% to about 20% of revenue in three years 5. Other family members are not named in the sources reviewed for this profile.

His brother and the dispute

His brother Kailashchandra Nuwal is also a billionaire; Forbes valued him at $5.20 billion (about ₹49,520 crore) on 5 November 2026, 39th in India, with his wealth also tied to Solar shares 12. Forbes reports that the brothers have been in a feud since 2020 1. The legal record runs as follows:

• The National Company Law Tribunal passed an order on 9 February 2021, and Solar Industries' appeal against Kailash Chandra Nuwal and others was listed for judgment at the NCLAT on 14 December 2021 78.
• On 10 January 2022 the Supreme Court, hearing Solar's civil appeal, stayed the NCLT and NCLAT orders while letting the NCLT continue to hear the case 8.
• On 26 August 2025 the Supreme Court disposed of the appeal without ruling on the merits, noting that the directorship term in question (1 April 2016 to 31 March 2021) had expired, and asked the NCLT to decide the company petition quickly with all contentions left open 9.

Neither brother has given a detailed public account in the sources reviewed. This page will be updated when the NCLT rules.

The brothers compared

Even with the dispute, both fortunes rest on the same company, and both fell by 5.44% on 5 November 2026 when Solar shares dropped 1.