03-07-2025
Meet multi-millionaire industrialist, who saw 78 percent rise in wealth, a close competitor of Mukesh Ambani, Gautam Adani, his name is...
Satyanarayan Nuwal
New Delhi: India's top 20 industrialists have witnessed a major profit in the first half of 2025. At a time when the market was in a volatile state, they achieved an average return of 15.6 percent, while the Sensex delivered a return of 7.11 percent. Satyanarayan Nuwal, Co-founder and Chairman of Solar Industries, saw the highest rise in wealth, with a massive surge of 78.4 percent. His company manufactures explosives, detonators, drones, and ammunition.
It is important to note that out of the top 20, 14 industrialists experienced a wealth increase of at least 8.5 percent. Only 6 saw their wealth decline, ranging between 4 percent and 25 percent. During this time, Ravi Jaipuria, Chairman of RJ Corp, witnessed a 24.6 percent drop in his wealth. Meet Satyanarayan Nuwal: Satyanarayan Nuwal, 72, began his Solar Industries India in 1995
Solar Industries India started to trade in industrial explosives then started manufacturing them.
The biggest chunk of its annual revenue is from exports, followed by housing and infrastructure, state-owned coal companies and the defense sector.
Satyanarayan Nuwal is the son of a government employee
Nuwal set up his first business, an ink manufacturing unit in 1970 at age 18.
It has 25 manufacturing locations across India and exports to more than 50 countries.
Nuwal and his brother Kailashchandra, also a billionaire, have been embroiled in a feud since 2020. Here in this article, we have listed the names of four corporate leaders who surprised everyone 1. Murali Divi (74): Founder & MD, Divi's Laboratories
From an American scientist to a successful pharmaceutical entrepreneur
Net worth: ₹95,734 crore
All About Murali Divi: Divi's Laboratories is known for its expertise in Active Pharmaceutical Ingredients (APIs)
Murali Divi is renowned for his journey from being a scientist in the US to becoming a successful entrepreneur.
Instead of chasing profits, he has focused on innovation, high quality, and sustainable growth in business. 2. Vikram Lal (83): 96% Market Share in 500-800cc Bike Segment
Founder, Eicher Motors
Net worth: ₹87,186 crore
All About Vikram Lal Eicher Motors is widely recognized for Royal Enfield.
The company holds a 96% market share in the 500-800cc motorcycle segment.
It also has a joint venture with Volvo for trucks and buses. The company has preserved the legacy of one of the oldest motorcycle brands. 3. Benu Bangur (94): Delivered Triple the Returns of Sensex This Year
Chairman Emeritus, Shree Cement
Net worth: ₹72,655 crore
All About Benu Bangur Shree Cement sells cement under brands like Ultra Jung Rodhak, Bangur Cement, and Rockstrong.
Honorary chairman Benu Bangur belongs to a prominent business family from Kolkata. The company is among the most cost-efficient cement producers in India. 4. Satyanarayan Nuwal (72): Over 40% Returns in the Past Three Years
Co-founder and Chairman, Solar Industries
Net worth: ₹67,527 crore
