Company Name

Our new logo positions us as the propeller of continuous progress, crafting a pathway to the future.

A strategic blend of technological prowess and talent pool has given us the competitive edge, propelling innovation to empower businesses, communities and ultimately the nation. The Chakra represents continuous growth and is our visual device for the brand and aligns with our brand idea of Power to Propel.

Solar

Propeller

Pathway
to the future

Driven by our strong desire to do more and do better, we work our way to face challenges head-on. We remain agile and are always willing to go the extra mile. What sets us apart are our collaborative client partnerships and a culture of focused innovation. Our rapid global growth bears a strong testament to our dedication to creating advanced systems and solutions that not only empower our clients, but also set new industry benchmarks. From Mining to Defence and Space applications, our offerings cater to the diverse needs of customers worldwide.

Leaving no stone unturned to provide our clients with solutions that aim to make a difference, we have implemented advanced automation and robotics technologies, streamlined our operations and sharpened our competitive edge.

Backed by a diverse talent pool, we take challenges in our strides. Conscious of the essential role our people play in making a difference, we encourage diversity and inclusion by bringing together a competent team that collaborates seamlessly to put our clients’ needs first. This collaborative spirit enables us to deliver products marked by precision, world-class reliability and exceptional results.

Our Vision

To emerge as a global leader in the manufacturing of industrial and military explosives and an innovative solution provider with a focus on safety, quality and reliability.

Our Mission

To provide innovative technology and services through Research and Development.

To contain product and service costs through constant re-engineering and improvement in all business processes.

To ensure high quality delivery of services offering exemplary technical, safety, administrative and professional excellence with commitment to environmental safeguards.

To forge and nurture alliances that are complimentary to the Company’s global ambitions.

To retain our responsive, efficient and effective processes and services to realise our vision at all times.

First
successful
dispatch

of BrahMos Booster
by private industry

First
Indian
Company

for clearing successful flight trials of Nagastra (Loitering Munition) by competing with foreign OEMs

Successful
Static
Test

of PSOM-XL motor for PSLV Launch Vehicle at ISRO
Handing over 30mm ammunition to the Indian Navy

First by
Private
Industry

Successful completion of Technology Absorption of Chaffs and Flares.

Received
Airworthiness
certificate

from the Air Force-certified agency for both the products.

A Momentous Journey

1996-2000

Commenced the production of Packaged Explosives, Bulk Explosives and Detonators

2001-2005

Added Detonating Cord, Cast-Boosters and PETN to the product portfolio

Expanded our footprint to international markets

2006-2011

Got listed on the BSE and NSE

Established facilities in Zambia and Nigeria

Ventured into the Defence sector

2012-2015

Established the Turkey Plant

Started manufacturing 3-layer Shock tubes and Electronic Detonators

Commenced the supply of high energy materials

Established facilities for Propellant / Ignitors

2016-2018

Built facilities for Multi-Mode Hand Grenade, Pyros, Ignitors, Warheads and the integration of rockets

Established large scale capacity for high energy materials

The TNT Plant became operational

Started the production of Solid Propellant Booster for BrahMos Missiles

Commenced operations in South Africa

2019-2022

Solar reached the 25-year milestone

Established the Centre of Excellence for Life

Assessment manufacturing started in Ghana, Tanzania and Indonesia

Enhanced detonator capacities

2023

Ranked among the Top 5 global explosives companies

Annual revenue crossed USD 840 Million

Became the first private sector company to deliver 100% indigenous 30 mm ammunition to the Indian Navy

Received the first-ever order for Loitering Munition – NAGASTRA-1 by a private company.

Mapping our Global Footprint

Over the years, we have built a robust footprint across both established and emerging markets. We believe in going the distance; hence, we have not merely strengthened our presence in existing markets, but also strategically ventured into new ones. In the years ahead, we remain focused on adapting and innovating to seize opportunities and overcome challenges.

Location: Solar Industries, Nagpur, India

Website: https://solargroup.com/

Location: Solar Patlayıcı Maddeler Sanayi A.Ş.

Website: https://www.solarpatlayici.com/

Location: Nigachem Nigeria Limited

Website: https://www.nigachem.com.ng

Location:Solar Mining Services

Website: https://solarminingservices.com/index.html

Location:
Solar Mining Services Pty. Ltd.

Website:
https://www.solar-sms.com.au/index.php

Location: Solar Nitrochemicals Limited

Website: https://www.solarnitrochem.co.tz/

map

People at the Helm

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The progressive journey of Mr. Satyanarayan Nandlal Nuwal from a trader to a large explosive manufacturer is inspired by a belief in the capabilities of ordinary people doing extraordinary things. He truly believes in the fruition of relentless hard work and the importance of humble beginnings. He entered the explosives industry as a trader, rented a storage magazine the whole and soul of his operations. But he soon went on to secure a Consignment Agency with the world’s largest explosives manufacturer and later established an SSI Unit near Nagpur, marking the birth of Solar Industries. His visionary leadership has led the Solar group to become the largest manufacturer and exporter of industrial explosives in the country, with plants on four continents and at multiple locations in India. A philanthropist at heart, he lives by the mantra that business organisations have a social responsibility to not only employ ethical, fair and ecologically sensitive business practices but also to actively contribute to the social and economic development of the communities in which they operate, setting an example for businesses everywhere.

Satyanarayan Nandlal Nuwal

Chairman and Non-Executive Director

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A qualified Chartered Accountant, Mr. Manish Satyanarayan Nuwal joined when the Company ventured into its first manufacturing foray under the leadership and tutelage of his father, Shri Satyanarayan Nuwal. His dynamic and entrepreneurial vision has driven Solar Group into becoming a global leader in the explosives and ammunition industry. During the two and a half decades he has devoted to Solar, he has successfully shaped the Company’s strategy, aligning it with the future business landscape. He plays a key role in Business Planning, Commercial & Technical aspects, which resulted in the setting up of customer base in more than 75+ countries and manufacturing operations in 8 countries. His value-driven approach underlines his strong commitment to fair and ethical business practices, of which success is a natural outcome.

Manish Satyanarayan Nuwal

Managing Director and CEO

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Bachelor of Technology (Hons) in Mining Engineering from I.I.T., Kharagpur, Shri Suresh Menon is associated with Solar Group from past 15 years. He has over 38 years of experience in the coal, mining and explosives industries. With his strong expertise and deep understanding of the explosives market, he monitors the marketing operations of the Company at domestic and global levels. Delivering value to customers is thus at the heart of the Company’s business model, of which he is a significant pillar.

Suresh Menon

Executive Director

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Mr. Milind Deshmukh is a Commerce Graduate from Mumbai University (1987) and has completed Master’s in management studies from Somaiya Institute of Management (1989). He has also completed management program of Wipro in 1996.

Mr. Milind Deshmukh has worked in various organizations like Philips (India) Limited as an Area Manager between 1989 to 1993, Wipro Limited as a Regional Manager between 1994 to 1997. He has also worked with Credcom Limited as General Manager – West Africa between 1997 to 2009 before joining Solar Group’s African Subsidiaries in 2010 as Director.

Mr. Milind Deshmukh has played a key role in managing operations, expanding business, relationship management with key stakeholders and managing Projects in line with organization’s strategy and business development in the region.

Mr. Milind Deshmukh

Executive Director

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In a Career span of more than 35 years, Smt. Rashmi Prasad has served under various designations in State Bank of India. She brings with her multidisciplinary experience in the fields like Credit, Risk Management, Marketing, Compliances related to the SEBI regulations etc. She also headed the London office of State Bank of India. Her area of expertise includes crises Management, Training and Policy making. She is an associate member of Certified Associate of Indian Institute of Bankers (CAIIB) which is a professional body and certified Behavioral Science trainer.

Rashmi Prasad

Non-Executive Independent Director

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Mr. Amrendra Verma is holds an M.A. He had joined SBI in 1975 as probationary officer. During his career in the Bank, he gained expertise in various assignments in India as well as in offices abroad. He has also held the position of GM of International Division. He was the President and COO of SBI Capital Markets Limited. He also headed the bank as Deputy Managing Director Mid Corporate Group, SBI and Deputy Managing Director & Chief Credit and Risk Officer, SBI. After superannuation from the Bank in December 2011, he served as an Advisor in the Bank till July 2012. He is also a Director in Security & Intelligence Services (India) Limited.

Shri Amrendra Verma

Non-Executive Independent Director

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Mr. Jagdish Chandra Belwal is a transformational CIO turned entrepreneur. He has led technology anchored business transformations in large organisations. He has experience of over twenty five years in Industries like Automotive, Construction Equipment and Railway Transportation.

He is a Board Mentor with UK based Criticaleye and is a coach to aspiring technology CEOs. He has run strategic interventions for corporates in Change Management, Customer Centricity and Global Operating Models.

His areas of core competencies are :- Digital Transformation, Enterprise Architecture, Public Speaking, Change Management, Leadership Development, Executive Coaching, IT Strategy.

Mr. Jagdish Belwal

Non-Executive Independent Director

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A qualified Chartered Accountant , Mr. Natrajan Ramakrishna has an experience of over forty years in the accounting profession focusing mainly on Generally Accepted Accounting Principles (GAAP), IFRS, IndAS and Auditing.

His areas of core competencies include Financial Reporting, Board and Corporate Governance, Financial Services Sector and Operational Excellence. He has extensive knowledge and experience in handling cultural integrations.

Having worked with some large International Accounting firms he has gained immense experience with boards and committees as to laying down policy frameworks relating to Business Resilience and Continuity Planning.

He has a proven track record of work spread over various sectors such as Information Technology, Financial Services, FMCG Companies and Telecom.

Mr. Natrajan RamKrishna

Non-Executive Independent Director