Solar Group

Nagpur, India Founded: 1995 • Age: 31 yrs Listed Fortune India 500 · #332 India's Most Valuable · #47
Defense and industrial explosives are manufactured for various sectors.
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About Solar Group

Solar Group is a publicly listed company based in Nagpur (India) founded in 1995 by Satyanarayan Nandlal Nuwal. Defense and industrial explosives are manufactured for various sectors. Solar Group has completed 2 acquisitions, including Omnia and RECL. Its website solargroup.com draws about 45 thousand monthly visits. Its Indian entity Solar Industries India Limited reported revenue of ₹9,966 Cr. Its focus areas include Aerospace, Maritime and Defense, Defense Contractors and Arms and Ammunition.

Company details

Solar Group was founded in 1995 by Satyanarayan Nandlal Nuwal and is based in Nagpur, India. Explosives for defense and industrial applications are produced by the company, with operations focused on sectors such as mining, construction, and military needs. Products are supplied to domestic and international clients through established manufacturing processes, ensuring compliance with safety and regulatory standards in the explosives industry.

Solar Group is ranked #332 on the Fortune India 500 (2025) and #47 among India's most valuable companies (2025).

Recognitions & Rankings of Solar Group

Fortune India 500 2025 edition
Rank#332
Total income
₹7,642 Cr
Profit
₹1,209 Cr
Last year #364
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#47
Valuation
₹1,39,710 Cr
2024 #65 2023 #96 2022 #119
  • Headquarters Nagpur, India
  • Founders Satyanarayan Nandlal Nuwal
  • Stage Public
  • Sectors
    Aerospace, Defense & Maritime
  • Website category Heavy Industry and Engineering · Chemical Industry
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website solargroup.com
  • Social LinkedIn Facebook Instagram YouTube
  • Legal Name Solar Industries India Limited
  • Date of Incorporation 24 Feb, 1995
  • Jurisdiction Nagpur, Maharashtra, India
Operational Areas
Aerospace, Defense & Maritime → Defense & Military Services
Key Metrics
  • Market Cap
    ₹1,67,588 Cr

    SOLARINDS · NSE

  • Share Price
    ₹18,608.00

    +0.48% today

  • Revenue
    ₹9,838 Cr

    FY 2025-26 · +30.5% YoY

  • EBITDA
    ₹2,622 Cr

    Margin 26.6%

  • Net Profit
    ₹1,747 Cr

    FY 2025-26 · +38.8% YoY

  • P/E (TTM)
    77.5x

    P/B 22.9x

  • ROE
    32.5%

    ROCE 33.4%

  • Debt / Equity
    0.23

    Interest cover 5.7x

  • Investors
    Oman India Joint Investment Fund
  • Investments & Acquisitions
    Omnia

    & 1 more

Apps and channels of Solar Group

its YouTube channel Solar Industries India Limited has 616 subscribers and 2 videos.

Solar Industries India Limited
YouTube 616 subscribers 2 videos Science & Technology
Open channel

Videos from Solar Group

The most watched videos on Solar Group's YouTube channel, Solar Industries India Limited (616 subscribers). Click a video to play it here.

A Journey Through Time: Exploring the History of @Solar Industries India Limited
4.9K views
We start a new chapter with a whole new power!
2.2K views

More on Solar Industries India Limited.

Funding Insights of Solar Group

  • Total Rounds 1
  • Investors Count 1

All 1 funding rounds of Solar Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2012Post-IPO––
Oman India Joint Investment Fund
Valuation history

1 investors in total: 1 institutional.

Investors in Solar Group

Solar Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Oman India Joint Investment Fund.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Oman India Joint Investment Fund
oijif.com
Premium access

Investor details for Solar Group

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Solar Industries India Limited (Solar Group)

Solar Industries India Limited is the primary company behind Solar Group. The boards of the 4 registered companies of Solar Group currently have 18 directors; the longest-serving is Someshwar Lonkaran Mundhada, appointed in 2015. 66 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Someshwar Lonkaran Mundhada
DIN 07112092
Director11 Mar 201511 yrs 7 moEmul Tek Private Limited
Manish Satyanarayan Nuwal
DIN 00164388
Designated Partner10 Feb 20188 yrs 8 moSundrop Developers And Ventures Llp, Solar Defence And Aerospace Limited, Solar Industries India Limited
Satyanarayan Nandlal Nuwal
DIN 00713547
Designated Partner10 Feb 20188 yrs 8 moSundrop Developers And Ventures Llp, Solar Defence And Aerospace Limited, Solar Industries India Limited
Suresh Menon
DIN 07104090
Whole-time director11 May 20188 yrs 5 moSolar Industries India Limited
Purushottam Pundlikrao Deotare
DIN 08225124
Director31 Dec 20196 yrs 10 moEmul Tek Private Limited
Milind Bhalchandra Deshmukh
DIN 09256690
Whole-time director29 Jul 20215 yrs 3 moSolar Industries India Limited
Natrajan Ramkrishna
DIN 06597041
Director03 Mar 20233 yrs 8 moSolar Defence And Aerospace Limited
Sanjay Singh
DIN 06641334
Director01 Nov 20233 yrsEmul Tek Private Limited
Ashish Kumar Srivastava
DIN 10255931
Director17 Oct 20242 yrsEmul Tek Private Limited
Rakesh Sharma
DIN 09258366
Whole-time director17 Oct 20242 yrsEmul Tek Private Limited
Sanjay Sharadrao Deogaonkar
DIN 10442247
Managing Director17 Oct 20242 yrsEmul Tek Private Limited
Rashmi Prasad
DIN 10329445
Director20 May 20251 yr 5 moSolar Defence And Aerospace Limited
Girija Balakrishnan
DIN 06841071
Director18 Sep 20251 yr 1 moSolar Industries India Limited
Viswanathan Lakshmanan
DIN 00193056
Director18 Oct 20251 yrSolar Industries India Limited
Ramesh Bhujang
DIN 00194189
Director03 Dec 202511 moSolar Industries India Limited
Pawan Kumar Bhageria
DIN 08273025
Director06 May 20266 moSolar Defence And Aerospace Limited
Reena Jha Tripathi
DIN 11022528
Director15 May 20265 moSolar Industries India Limited
Brijesh Vashishta
DIN 11170684
Director01 Aug 20263 moSolar Defence And Aerospace Limited

People of Solar Group

67 people are tracked at Solar Group (5 in leadership, 62 in team).

NameRoleGroup
Satyanarayan Nandlal Nuwal
FounderLeadership
Avinash Gupta
Global HeadLeadership
Yogendra Nigam
Head-technical Services, IndiaLeadership
Manish Satyanarayan Nuwal
Managing Director & CEOLeadership
Ashish Kumar Srivastava
Senior General Manager And Head Overseas OperationsLeadership
Bhoompally Sampath
Senior Executive Information TechnologyTeam
Saurabh Puttewar
Technical Services Team LeadTeam
Ameet Nitnaware
Senior Project ExecutiveTeam
Neha Pandit
Senior ExecutiveTeam
Nehal Thakare
Quality Assurance EngineerTeam
Bhavesh C.s Gupta
ExecutiveTeam
Monish Sakhare
Network EngineerTeam
Yogesh Khandar
Assistant Manager Supply ChainTeam
Ca Mayank Pachisia
Senior ManagerTeam
Ashlesh Tiwaskar
Assistant Manager- Procurement | Defense & Space.Team
Ganesh Raut
ManagerTeam
Ankit Bhende
Assistant ManagerTeam
Manish Singh
Senior Manager Supply Chain ManagementTeam
Arpit Darbare
Production ExecutiveTeam
Shubham Mundokar
ExecutiveTeam

47 more people are available in the full profile.

Premium access

Complete people profiles for Solar Group

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Solar Group

Solar Group is a publicly listed company on the NSE with ticker symbol SOLARINDS in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date03 Apr 2006
  • Listed onBSE: 532725 · NSE: SOLARINDS
  • Listed entitySolar Industries India Limited
  • Exchange sectorProcess industries

Financials of Solar Group

Exchange-reported figures of Solar Industries India Limited, the listed company behind Solar Group (NSE: SOLARINDS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹9,838 Cr
+30.5% YoY
EBITDA
₹2,622 Cr
+33.7% YoY
Profit After Tax
₹1,747 Cr
+38.8% YoY
Net Worth
₹6,277 Cr
+41.8% YoY
Total Assets
₹8,864 Cr
+35.9% YoY
Total Debt
₹1,524 Cr
+58.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,8387,5406,0706,9233,9482,5162,237
Revenue growth+30.5%+24.2%-12.3%+75.4%+56.9%+12.4%-
EBITDA2,6221,9601,3691,289747515434
EBITDA margin+26.7%+26.0%+22.6%+18.6%+18.9%+20.5%+19.4%
Profit before tax2,3651,7391,1611,102607397336
Net profit1,7471,258918789442276267
Net profit margin+17.8%+16.7%+15.1%+11.4%+11.2%+11.0%+12.0%
EPS (₹)185.36133.6492.3783.6748.7630.5429.55
Balance sheet
Total assets8,8646,5224,5693,9482,9042,4522,151
Net worth6,2774,4273,3062,6101,9141,5791,380
Total debt1,5249621,1381,195888808708
Cash & bank58472528726098.75181120
Net working capital3,2542,0371,4641,552978764707
Cash flow
Cash from operations6212,4681,406656298357325
Cash from investing(951)(1,660)(1,022)(614)(338)(253)(260)
Cash from financing209(476)(370)118(45.40)(26.07)(33.62)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,5193,6683,0532,5482,0822,1542,1671,973
Revenue growth (YoY)+69.0%+70.3%+40.9%+29.2%+21.4%+27.9%--
Other income15.3717.2745.7525.0729.1829.326.5510.50
EBITDA1,0051,015826708552535537527
EBITDA margin+28.6%+27.7%+27.1%+27.8%+26.5%+24.8%+24.8%+26.7%
Depreciation87.9579.7471.4262.8560.6255.9850.4947.42
Interest55.3641.2641.2734.3830.8927.4328.7830.51
Profit before tax877911759636490481464459
Tax227245203169128128118122
Net profit650666556467361353346338
EPS (₹)68.1972.1160.5249.3138.1237.4335.6134.80
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,5794,4573,7184,1622,5281,5841,512
Revenue growth+25.2%+19.9%-10.7%+64.6%+59.6%+4.8%-
EBITDA1,5591,097835629375272263
EBITDA margin+28.0%+24.6%+22.5%+15.1%+14.8%+17.2%+17.4%
Profit before tax1,6411,077800600353253252
Net profit1,220803595445261189213
Net profit margin+21.9%+18.0%+16.0%+10.7%+10.3%+11.9%+14.1%
EPS (₹)134.9988.7465.8949.2128.9020.8923.58
Balance sheet
Total assets4,5343,5282,6642,1921,5221,2831,151
Net worth4,2273,0672,3461,7671,3661,1571,021
Total debt149200318424156127129
Cash & bank25419665.1860.9525.2447.6364.98
Net working capital1,169989745785348351336
Cash flow
Cash from operations9271,054770133294148195
Cash from investing(682)(691)(549)(271)(280)(99.33)(9.93)
Cash from financing(188)(232)(216)173(36.02)(65.95)(142)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,4461,6561,5741,4931,1251,3871,2991,207
Revenue growth (YoY)+28.5%+19.4%+21.1%+23.7%+24.3%+32.8%--
Other income47.4029.8383.4837.5156.5829.6714.5311.80
Total expenses1,0261,1691,1171,0568351,012981918
EBITDA420487457437290376318290
EBITDA margin+29.0%+29.4%+29.0%+29.3%+25.8%+27.1%+24.5%+24.0%
Depreciation29.0928.0526.4225.4324.7323.1320.7519.10
Interest8.946.887.345.686.266.748.087.88
Profit before tax429482507443315375304274
Tax10912412911480.5395.8276.9569.97

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,5193,6683,0532,5482,0822,1542,1671,973
Revenue growth (YoY)+69.0%+70.3%+40.9%+29.2%+21.4%+27.9%--
Other income15.3717.2745.7525.0729.1829.326.5510.50
EBITDA1,0051,015826708552535537527
EBITDA margin+28.6%+27.7%+27.1%+27.8%+26.5%+24.8%+24.8%+26.7%
Depreciation87.9579.7471.4262.8560.6255.9850.4947.42
Interest55.3641.2641.2734.3830.8927.4328.7830.51
Profit before tax877911759636490481464459
Tax227245203169128128118122
Net profit650666556467361353346338
EPS (₹)68.1972.1160.5249.3138.1237.4335.6134.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,8387,5406,0706,9233,9482,5162,237
Revenue growth+30.5%+24.2%-12.3%+75.4%+56.9%+12.4%-
Other income12876.3844.8231.5219.6621.4241.05
Total expenses7,2165,5804,7005,6343,2002,0011,803
Employee cost766547400331267222196
EBITDA2,6221,9601,3691,289747515434
EBITDA margin+26.7%+26.0%+22.6%+18.6%+18.9%+20.5%+19.4%
Depreciation25118214312810993.5384.53
Interest13411610990.3850.2545.3955.04
Profit before tax2,3651,7391,1611,102607397336
Tax62945128629015210957.13
Net profit1,7471,258918789442276267
Net profit margin+17.8%+16.7%+15.1%+11.4%+11.2%+11.0%+12.0%
EPS (₹)185.36133.6492.3783.6748.7630.5429.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18.1031.4018.1018.1018.1018.1018.10
Reserves & surplus6,2594,3953,2882,5921,8961,5611,362
Shareholders' funds (net worth)6,2774,4273,3062,6101,9141,5791,380
Minority interest27216012214010162.6951.51
Secured loans1,2618469691,009673786543
Unsecured loans26311616818621521.42165
Total debt1,5249621,1381,195888808708
Total liabilities8,8646,5224,5693,9482,9042,4522,151
Assets
Gross block4,9803,4822,6092,2101,9241,6181,461
Net block4,0062,7292,0281,7021,4931,2881,209
Capital work in progress731707490282230293165
Investments18367637098.5118.220.972.35
Inventories1,7421,0408471,098719440331
Sundry debtors1,8581,239845825541455370
Cash & bank balances58472528726098.75181120
Loans & advances854590456298302148162
Total current assets5,0373,5942,4352,4811,6611,226983
Total current liabilities1,7831,557971929683462277
Net working capital3,2542,0371,4641,552978764707
Total assets8,8646,5224,5693,9482,9042,4522,151
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash59025924584.6717092.5661.00
Net cash from operating activities6212,4681,406656298357325
Net cash from investing activities(951)(1,660)(1,022)(614)(338)(253)(260)
Net cash from financing activities209(476)(370)118(45.40)(26.07)(33.62)
Net change in cash(121)33113.94160(85.26)77.3731.56
Closing cash58472528726098.75181120
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+30.5%+24.2%-12.3%+75.4%+56.9%+12.4%-
EBITDA growth+33.7%+43.2%+6.3%+72.5%+45.2%+18.5%-
PBT growth+36.0%+49.7%+5.4%+81.4%+53.0%+18.3%-16.4%
Net income growth+38.8%+37.1%+16.3%+78.6%+60.2%+3.2%-
Revenue CAGR (3Y)+12.4%+24.1%+34.1%+45.7%+17.1%+9.5%+12.3%
EBITDA CAGR (3Y)+26.7%+37.9%+38.6%+43.7%+14.7%+7.7%+10.3%
Profitability & leverage
Net income margin+17.7%+17.1%+14.4%+11.7%+11.5%+11.5%+12.5%
Return on capital employed+33.4%+34.3%+30.8%+36.1%+25.3%+19.7%+19.8%
Return on net worth+32.5%+33.4%+29.6%+35.9%+26.1%+19.5%+21.3%
Debt / equity0.230.270.390.460.490.510.50
Long-term debt / equity0.120.130.190.210.260.240.15
Interest cover5.656.558.927.797.8810.7815.74
Efficiency & per share
Fixed asset turnover2.332.482.523.352.231.631.67
Inventory turnover7.077.996.247.626.816.527.29
Debtors turnover6.357.247.2710.137.926.095.82
EPS (₹)185.36133.6492.3783.6748.7630.5429.55
Dividend per share (₹)11.0010.008.508.007.506.006.00
Book value per share (₹)693.61487.65365.26288.44211.52174.52152.50
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,4461,6561,5741,4931,1251,3871,2991,207
Revenue growth (YoY)+28.5%+19.4%+21.1%+23.7%+24.3%+32.8%--
Other income47.4029.8383.4837.5156.5829.6714.5311.80
Total expenses1,0261,1691,1171,0568351,012981918
EBITDA420487457437290376318290
EBITDA margin+29.0%+29.4%+29.0%+29.3%+25.8%+27.1%+24.5%+24.0%
Depreciation29.0928.0526.4225.4324.7323.1320.7519.10
Interest8.946.887.345.686.266.748.087.88
Profit before tax429482507443315375304274
Tax10912412911480.5395.8276.9569.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,5794,4573,7184,1622,5281,5841,512
Revenue growth+25.2%+19.9%-10.7%+64.6%+59.6%+4.8%-
Other income20783.7558.3455.8436.1725.6435.35
Total expenses4,0203,3592,8833,5332,1531,3121,248
Employee cost25220516513511188.9185.01
EBITDA1,5591,097835629375272263
EBITDA margin+28.0%+24.6%+22.5%+15.1%+14.8%+17.2%+17.4%
Depreciation99.7174.6463.3757.0249.4437.9833.96
Interest26.0228.9329.5827.578.856.5212.17
Profit before tax1,6411,077800600353253252
Tax41927420415591.5064.1539.04
Net profit1,220803595445261189213
Net profit margin+21.9%+18.0%+16.0%+10.7%+10.3%+11.9%+14.1%
EPS (₹)134.9988.7465.8949.2128.9020.8923.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18.1018.1018.1018.1018.1018.1018.10
Reserves & surplus4,2093,0492,3281,7491,3471,1391,003
Shareholders' funds (net worth)4,2273,0672,3461,7671,3661,1571,021
Secured loans181229330200191136114
Unsecured loans(32.43)(29.38)(12.39)224(34.76)(9.48)15.00
Total debt149200318424156127129
Total liabilities4,5343,5282,6642,1921,5221,2831,151
Assets
Gross block1,8381,5091,1091,024902710662
Net block1,3771,139811779706558545
Capital work in progress14711321978.4140.9113032.34
Investments867859667226146129130
Inventories405397264460274143100
Sundry debtors985787605539298295206
Cash & bank balances25419665.1860.9525.2447.6364.98
Loans & advances368387250196153111126
Total current assets2,0121,7661,1841,257750596497
Total current liabilities843778439472402245161
Net working capital1,169989745785348351336
Total assets4,5343,5282,6642,1921,5221,2831,151
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash19362.0758.1623.1345.3562.8619.94
Net cash from operating activities9271,054770133294148195
Net cash from investing activities(682)(691)(549)(271)(280)(99.33)(9.93)
Net cash from financing activities(188)(232)(216)173(36.02)(65.95)(142)
Net change in cash57.441313.9135.03(22.22)(17.51)42.92
Closing cash25419665.1860.9525.2447.6364.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+25.2%+19.9%-10.7%+64.6%+59.6%+4.8%-
EBITDA growth+42.1%+31.4%+32.7%+67.6%+37.9%+3.4%-
PBT growth+52.3%+34.7%+33.3%+70.0%+39.4%+0.3%-12.2%
Net income growth+51.9%+34.9%+33.7%+70.4%+38.2%-11.3%-
Revenue CAGR (3Y)+10.3%+20.8%+32.9%+40.2%+15.0%+7.6%+10.0%
EBITDA CAGR (3Y)+35.4%+43.0%+45.3%+33.7%+6.9%+6.1%+6.7%
Profitability & leverage
Net income margin+21.9%+18.0%+16.0%+10.7%+10.3%+11.9%+14.1%
Return on capital employed+41.4%+35.7%+34.2%+33.8%+25.8%+21.3%+24.0%
Return on net worth+33.5%+29.7%+29.0%+28.4%+20.7%+17.4%+22.4%
Debt / equity0.050.100.180.190.110.120.16
Long-term debt / equity0.020.050.090.110.100.090.07
Interest cover1.782.833.844.822.722.795.31
Efficiency & per share
Fixed asset turnover3.333.403.484.323.142.312.49
Inventory turnover13.9113.4810.2711.3412.1413.0415.59
Debtors turnover6.306.406.509.948.536.337.72
EPS (₹)134.9988.7465.8949.2128.9020.8923.58
Dividend per share (₹)11.0010.008.508.007.506.006.00
Book value per share (₹)467.05338.89259.28195.30150.89127.82112.86

Investments & Acquisitions by Solar Group

Solar Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Omnia and RECL.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Omnia
Company provides specialized products and solutions across agriculture, mining, and chemical industries
omnia.co.zaFourways, South Africa1953Sep 2026$1.36B
RECL
Diversified operations are conducted across multiple industries in India.
reclindia.comDholpur, India1979Apr 2023••••
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Complete acquisition details for Solar Group

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Timeline of Solar Group

5 dated milestones of Solar Group across 31 years, from founding to its latest funding, stage changes and deals.

  1. Founded Solar Group is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round.
  4. Acquisition Acquires RECL.
  5. Acquisition Acquires Omnia.

Web traffic of Solar Group

The website of Solar Group (solargroup.com) receives about 45.4K visits a month and ranks #654,179 among all websites worldwide, #9,955 in Chemical Industry.

  • Monthly visits
    45.4K

    ▼ 1.2% vs previous month

  • Unique visitors
    14.4K

    per month

  • Global rank
    #654,179

    among all websites

  • Category rank
    #9,955

    Heavy Industry and Engineering · Chemical Industry

Similar websites

Websites whose visitors overlap most with Solar Group. Affinity shows how closely the audiences match.

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vetrivelexplosives.com
100%
#15,087,686View details
GULF OIL
gulfoilcorp.com
85%
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Twiga Chemical Industries Ltd
twigachemicals.com
85%
#7,470,503View details
Anabond
anabond.com
84%
10.2K#1,725,365View details
Aarti Industries
aarti-industries.com
83%
16.2K#1,485,992View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 23 similar websites and full traffic analytics for Solar Group

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  • Audience overlap
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Top companies in Defense & Military Services

2 companies that operate in the same segment as Solar Group (Defense & Military Services) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
ideaForge
Developer of unmanned aerial vehicles
2007Navi Mumbai, Maharashtra, IndiaUSD 53.82 MUSD 26.48 M531
Garuda Aerospace
Manufacturer of drones and provider of drone-based solutions across various sectors
2015Chennai, Tamil Nadu, IndiaUSD 59.3 MUSD 12.94 M130
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Related news about Solar Group

Solar Industries: Goldman Sachs on Solar Industries maintains Buy, Target Price Rs 26550; Q2 results exceeded estimates across key parameters, led by 98% YoY revenue growth in Defence and 57% growth in international businesses. Commercial explosives revenue increased 61% YoY, although it declined 29% QoQ due to seasonality in India. Despite volatile ammonium nitrate prices, the company managed the commodity cycle with limited impact on profitability.
Exchange Update • 4 days ago
Solar Industries: Says Pinaka Orders Could Bring Inflows Of Rs. 2,600 Crore - Interview
Exchange Update • 4 days ago
Solar Industries: Expects Revenue And EBITDA Will Exceed FY27 Guidance
Exchange Update • 4 days ago
SOLARINDS: Q2 CONS NET PROFIT 6.2B RUPEES VS 3.45B (YOY); EST 5.4B
Exchange Update • 5 days ago
SOLARINDS: Q2 REVENUE 35.2B RUPEES VS 20.8B (YOY)
Exchange Update • 5 days ago
SOLARINDS: Q2 EBITDA 10B RUPEES VS 5.53B (YOY); Q2 EBITDA MARGIN 28.6% VS 26.56% (YOY)
Exchange Update • 5 days ago
Solar Industries India: Expects To Exceed Annual Goals For FY2026-27.
Exchange Update • 5 days ago
Solar Industries: Expecting Big Orders From Indian And International Defense Sector, Including Guided Pinaka Rockets Soon.
Exchange Update • 5 days ago
Solar Industries: Co's Current Order Book Of Rs 20,178 Cr Vs 21,350 Cr (QoQ)
Exchange Update • 5 days ago
Nifty Defence Index stocks: Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37% - The Economic Times
Economic Times • 1 month ago
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Frequently Asked Questions about Solar Group

Solar Group was founded in 1995 and raised its 1st funding round 17 years after it was founded.

Solar Group is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.

The primary company behind Solar Group, Solar Industries India Limited, reported revenue of ₹9,966 Cr for FY 2026, up 30% year on year.

Solar Group was founded in 1995 by Satyanarayan Nandlal Nuwal and is based in Nagpur, India. Explosives for defense and industrial applications are produced by the company, with operations focused on sectors such as mining, construction, and military needs. Products are supplied to domestic and international clients through established manufacturing processes, ensuring compliance with safety and regulatory standards in the explosives industry.

Yes, Solar Group is publicly traded on NSE under the ticker symbol SOLARINDS.

Solar Group has made 2 acquisitions, including Omnia, and RECL.

Solar Group has 1 investor. Key investors include Oman India Joint Investment Fund.

Solar Group is associated with 4 legal entities: Solar Industries India Limited, Sundrop Developers And Ventures Llp, Emul Tek Private Limited and others.

The legal entities of Solar Group currently have 23 directors, including Manish Satyanarayan Nuwal, Satyanarayan Nandlal Nuwal, Ashish Kumar Srivastava and others.

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