Latest news with #SatyanarayanNuwal
India.com
5 hours ago
- Business
- India.com
Meet Indian billionaire who beat Mukesh Ambani, Gautam Adani by making bombs and ammo; his wealth rose by 78% due to..., net worth is Rs...
(File) Mukesh Ambani and Gautam Adani and the top richest individuals in India, however, a surprise entrant has earned more wealth than the Reliance Industries chairman and the Adani Group boss in the first half of the current fiscal year. No, its not any of the usual culprits like Narayana Murthy, Shiv Nadar or Azim Premji, the man we are talking about is billionaire Satyanarayan Nuwal, the co-founder and President of Solar Industries India. Who is Satyanarayan Nuwal? Satyanarayan Nuwal is the co-founder of Solar Industries India, a company he established in 1995, initially to trade in industrial explosives, before venturing in the manufacturing of the same. At the age of 18, Satyanarayan Nuwal, the son of a middle-income government employee, started his first business, and later set up Solar Industries India, which currently has 25 manufacturing plants across India and exports ammunition and explosives to more than 50 countries around the globe. A major chunk of the company's annual revenue comes from global exports, followed by housing and infrastructure, state-owned coal companies and the defense sector, according to Forbes. The Nagpur-based firm manufactures detonators, explosives and ammunition at its 25 facilities across India. How Satyanarayan Nuwal's net worth increased by 78% in 2025? According to the Bloomberg Billionaire Index, Satyanarayan Nuwal currently has a net worth of $7.90 billion as his wealth surged by a whopping 78 percent in the first half of 2025, surpassing heavyweights like Mukesh Ambani and Gautam Adani. The primary reason for the astonishing rise in Nuwal's fortune is the rapid increase in the stock prices of Solar Industries India, which rose 45 percent in 2024, and 54 percent in 2023. However, the Nuwal's company's is witnessing its best year in 2025 as its share prices have jumped 81 percent in the first half. Who earned how much in 2025? As per Bloomberg, the total wealth of Satyanarayan Nuwal increased by a whopping 78.4 percent during the first half of this year to reach $7.9 billion, while telecom tycoon Sunil Mittal witnessed 27.3 percent rise in his fortune, taking his total wealth to $30.4 billion. The net worth of London-based Indian steel magnate Lakshmi Mittal jumped to $24.8 billion, an increase of 26.1 percent, while billionaire Rahul Bhatia's fortune surged by 24.9 percent, reaching $10.8 billion. Mukesh Ambani, Asia's richest man, saw a jump of 21.9 percent in his total wealth and has a current net worth of $110.5 billion, while Gautam Adani, India's second-richest individual has a net worth of $85.4 billion, after an increase of 8.5 percent in the first six months of 2025, according to Bloomberg.
India Gazette
19-06-2025
- Business
- India Gazette
Navy Chief Admiral Dinesh K Tripathi attends 12th Key Leader Engagement virtually
New Delhi [India], June 19 (ANI): Chief of Naval Staff Admiral Dinesh Kumar Tripathi on Thursday attended the 12th Key Leader Engagement hosted virtually by US Navy's Pacific fleet Admiral Stephen T. Koehler, the Indian Navy said in an official statement. Admiral Tripathi highlighted his vision on 'achieving maritime security in the Indo-Pacific through innovation and technology' in the key Leader Engagement on Wednesday, which involved 19 nations. 'Adm Dinesh K Tripathi, CNS, attended the 12th Key Leader Engagement hosted virtually by Adm Stephen T Koehler, @USPacificFleet, on Jun 25, involving 19 nations. CNS highlighted his vision on 'Achieving Maritime Security in the Indo-Pacific Through Innovation and Technology,' the Indian Navy said on X. On June 13, Chief of Naval Staff Admiral Dinesh Kumar Tripathi said that Operation Sindoor is on a pause, but it is an operation in progress. Speaking to ANI, Navy Chief Admiral Dinesh Kumar Tripathi said, 'The Operation Sindoor is under pause; it is still underway. As a Naval Chief, I will reserve my comments on this. It's an operation in progress.' On counter-drone systems, he said that non-contact warfare will stay, and this area of weapons and equipment was not catered to 10-12 years ago. 'It is undeniable that non-contact warfare is going to stay. In it, drones and loitering munitions, and therefore defence against them in terms of counter-drone systems, there is a whole series of weapons and equipment that one had probably not catered for 10-12 years ago,' he said on Thursday. Earlier on June 13, Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. 'It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other and learn from each other,' Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Talking to ANI, Satyanarayan Nuwal said, 'Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to them... This counter-drone system is a significant thing... Considering present situations, we learnt that the biggest need is for long-range missiles. We have already presented a proposal in this regard...' (ANI)
India Gazette
13-06-2025
- Business
- India Gazette
Nagpur: Navy Chief Admiral Dinesh K Tripathi reviews defence products of Solar Industries India Ltd
Nagpur (Maharashtra) [India], June 13 (ANI): Navy Chief Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur. The visuals show Navy Chief Admiral Tripathi, accompanied by Naval officers, reviewing defence products by Solar Industries India Ltd. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. 'It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other, learn from each other,' Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Speaking to ANI, Satyanarayan Nuwal said, 'Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to counter-drone system is a significant present situations, we learned that the biggest need is for long-range missiles. We have already presented a proposal in this regard...' Meanwhile, Solar Defence and Aerospace Limited (SDAL), a subsidiary of Solar Industries India Ltd, successfully completed the trial of its Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range on Wednesday. The trial was conducted in accordance with the Indian Army's performance parameters, including vertical takeoff and landing (VTOL), high endurance, precision targeting, and mission flexibility. The UAV demonstrated robust operational capability, covering a mission radius of over 50 km with a stable real-time video link and successfully returning to the original launch point. The total range, including loitering at the target area, exceeded 170 km, with an estimated endurance of approximately 1.5 hours. A significant highlight of the trial was the successful deployment of a precision-guided anti-personnel warhead. Dropped from medium altitude, the munition executed an airburst detonation at low height, achieving a lethal effect over a wide radius, meeting tactical effectiveness benchmarks. (ANI)
India Gazette
13-06-2025
- Business
- India Gazette
"It's an operation in progress": Navy Chief Admiral Dinesh K Tripathi on Operation Sindoor
Nagpur (Maharashtra) [India], June 13 (ANI): Chief of Naval Staff, Admiral Dinesh Kumar Tripathi, said that Operation Sindoor is on a pause, but it is an operation in progress. Speaking to ANI, Navy Chief Admiral Dinesh Kumar Tripathi said, 'The Operation Sindoor is under pause, it is still underway. As a Naval Chief, I will reserve my comments on this. It's an operation in progress.' On counter-drone systems, he said that non-contact warfare will stay, and this area of weapons and equipment was not catered to 10-12 years ago. 'It is undeniable that non-contact warfare is going to stay. In it, drones and loitering munitions and therefore, defence against them in terms of counter-drone systems, there is a whole series of weapons and equipment that one had probably not catered for 10-12 years ago,' he said on Thursday. Earlier, Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur on Thursday. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. 'It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other, learn from each other,' Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Talking to ANI, Satyanarayan Nuwal said, 'Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to counter-drone system is a significant present situations, we learned that the biggest need is for long-range missiles. We have already presented a proposal in this regard...' (ANI)
&w=3840&q=100)
Business Standard
13-06-2025
- Business
- Business Standard
Op Sindoor only paused, still in progress, says Navy chief Tripathi
Chief of Naval Staff, Admiral Dinesh Kumar Tripathi, said that Operation Sindoor is on a pause, but it is an operation in progress. Speaking to ANI, Navy Chief Admiral Dinesh Kumar Tripathi said, "The Operation Sindoor is under pause, it is still underway. As a Naval Chief, I will reserve my comments on this. It's an operation in progress." On counter-drone systems, he said that non-contact warfare will stay, and this area of weapons and equipment was not catered to 10-12 years ago. "It is undeniable that non-contact warfare is going to stay. In it, drones and loitering munitions and therefore, defence against them in terms of counter-drone systems, there is a whole series of weapons and equipment that one had probably not catered for 10-12 years ago," he said on Thursday. Earlier, Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur on Thursday. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. "It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other, learn from each other," Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Talking to ANI, Satyanarayan Nuwal said, "Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to counter-drone system is a significant present situations, we learned that the biggest need is for long-range missiles. We have already presented a proposal in this regard...
