When was Solar Industries founded?

Its first explosives plant was set up in 1995.

When did the Nuwal brothers' dispute start?

Since 2020, according to Forbes.

Satyanarayan Nuwal Career Timeline: Key Years, 1952-2026

Satyanarayan Nuwal timeline

The table traces his path from Bhilwara to the head of a listed explosives and defence group.

Year	Event
1952	Born on 25 July in Bhilwara, Rajasthan 3
1967	Completes matriculation, then a year at Vedamata Gayatri Ashram, Mathura 3
1970	Starts an ink-making unit at 18, per Forbes; it fails 1
1979	Moves to Ballarshah, Maharashtra, and enters the explosives supply trade 3
1984	ICI appoints him a consignment agent 3
1995	Sets up Solar's first explosives plant 3
2006	Solar Industries lists on the stock market 8
2010	Solar enters defence manufacturing 3 5
2014	Named among India's 100 best CEOs by Business Today 3
2020	Dispute with brother Kailashchandra begins, per Forbes 1
2021	Solar Industries v Kailash Chandra Nuwal listed for judgment at the NCLAT 7
2022	Supreme Court stays the NCLT and NCLAT orders on 10 January 9
2023	Solar buys Rajasthan Explosives and Chemicals; blast at the Bazargaon plant kills nine 5 6
2025	Pinaka rocket orders strengthen the defence order book; on 26 August the Supreme Court sends the Nuwal case back to the NCLT 5 10
2026	Padma Shri; FY26 sales of ₹9,838 crore; Forbes values him at $7.65 billion on 5 November 1 3 4

1952 · PERSONALBorn on 25 July in Bhilwara, Rajasthan
1967 · EDUCATIONCompletes matriculation
1970 · FOUNDEDStarts an ink-making unit at 18, which fails
1979 · MILESTONEMoves to Ballarshah and enters the explosives supply trade
1984 · DEALICI appoints him a consignment agent
1995 · FOUNDEDSets up Solar's first explosives plant
2006 · MILESTONESolar Industries lists on the stock market
2010 · MILESTONESolar enters defence manufacturing
2020 · PERSONALDispute with brother Kailashchandra begins, per Forbes
2022 · MILESTONESupreme Court stays tribunal orders in Solar v Kailash Chandra Nuwal
2023 · MILESTONEBlast at the Bazargaon plant kills nine
2025 · MILESTONESupreme Court sends the Nuwal case back to the NCLT
2026 · MILESTONENamed a Padma Shri recipient
2026 · MILESTONESolar reports record FY26 sales of ₹9,838 crore

What the timeline shows

It took Nuwal about 16 years as a trader before he made his own explosives, and another 15 before Solar entered defence. The last few years have been the fastest phase, as defence and exports overtook domestic mining as growth drivers: Coal India's share of explosives revenue fell from over 90% to about 38%, and defence revenue more than doubled in FY26 4 5.

Satyanarayan Nuwal Career Timeline

Satyanarayan Nuwal timeline

What the timeline shows

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