Billionaire Profile
Kailashchandra Nuwal
Global Rank
#1279

Image: Public domain | via Wikimedia Commons

Kailashchandra Nuwal

CEO, Solar Industries India Ltd.
IN
Real-Time Net Worth
$2.7B
As of December 2025
Age
68
Source
Industrial explosives
Industry
manufacturing
Citizenship
IN

Biography

Kailashchandra Nuwal, a prominent Indian industrialist, has significantly contributed to the industrial explosives sector. His estimated net worth is $2.7 billion. Nuwal's career includes significant roles as Vice Chairman and Director in Solar Industries India Ltd., a leading manufacturer of industrial explosives. His wealth primarily stems from his substantial shareholding in the company. Nuwal is also known for his philanthropic efforts, especially in education and healthcare. His commitment to community growth and sustainable mining practices has earned him recognition in the industry.

Wealth Over Time

In-Depth Profile

Early Life

Kailashchandra Nuwal hails from the disciplined community of Rajasthan, India. His early life was marked by a focus on engineering and management, which later fueled his career in the mining sector. Nuwal's early exposure to the mining industry began with hands-on experience, which helped him understand the sector's intricacies. He began his career with a focus on operational efficiency and strategic placements.

Rise to Success

Nuwal's career took a significant turn when he joined Solar Industries India Ltd., founded by his brother Satyanarayan Nuwal. His expertise in the industrial explosives sector became evident as he took on key roles within the company. Nuwal played a pivotal role in the strategic planning of Solar Group, leveraging his knowledge of market trends. He served as the Vice Chairman and Executive Director. His leadership was crucial in the company's growth and its ability to maintain a leading position in the explosives market.

Key Business Strategies

Nuwal's leadership style is characterized by a balanced approach combining innovation, pragmatism, and empathy. He focused on team empowerment, fostering a culture of collaboration, and encouraging out-of-the-box thinking. Ethical business practices were a key focus, contributing to the integrity of Balaji Group. Nuwal also played a crucial role in introducing eco-friendly mining practices through eco-waste materials and renewable energy sources, setting benchmarks for responsible resource management.

Philanthropy

Kailashchandra Nuwal is involved in various philanthropic activities, particularly in education. His initiatives include supporting schools and funding scholarships for underprivileged students. He has also been involved in building healthcare facilities and establishing medical clinics and hospitals in remote areas, emphasizing community growth and welfare.

Career Milestones

1995

Co-founded Solar Explosives Limited

Kailashchandra Nuwal, along with Satyanarayan Nuwal and Nandlal Nuwal, incorporated Solar Explosives Limited, which later became Solar Industries India Ltd..

2011-2020

Vice Chairman of Solar Industries India Ltd.

Served as Vice Chairman, contributing significantly to the company's growth in the explosives industry.

2019

Stepped down as Vice Chairman and Director

Stepped down from the role due to a dispute over the disclosure of his stake in a private company.

Philanthropy & Social Impact

Education

Supporting Education

Unknown

Supporting schools and funding scholarships for underprivileged students.

Healthcare

Healthcare Facilities

Unknown

Building healthcare facilities, medical clinics, and hospitals in remote areas.

Business Philosophy & Leadership

Leadership Principles

Team Empowerment and Collaboration

Nuwal emphasized fostering a culture of collaboration to drive positivity and development.

Ethical Business Practices

Promoting integrity and excellence within the Balaji Group.

Controversies & Challenges

2019

Shareholding Disclosure Dispute

Stepped down from the position of Vice Chairman for failing to disclose his stake in a private company; legal proceedings followed.

2020-2023

Feud with Brother Satyanarayan Nuwal

Involved in a dispute with his brother, Satyanarayan Nuwal, which led to disagreements at the company's AGM. The case is still pending in the Supreme Court.