When was Solar Group founded?

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

Where is Solar Group located?

Solar Group is headquartered in Nagpur, India. It is registered at SolarHouse14,Kachimet,AmravatiRoad, Nagpur, Nagpur, Maharashtra, India, 440023.

Which legal entities is Solar Group associated with?

Solar Group is associated with EMUL TEK PRIVATE LIMITED and 3 others.

How many employees does Solar Group have?

As of Mar 31, 2026, the latest employee count at Solar Group is 2351.

Is Solar Group a funded company?

Solar Group is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on 2012.

When was the latest funding round of Solar Group?

Solar Group's latest funding was a $***** Post IPO round on 2012, with participation from 1 investor.

What is the annual revenue of Solar Group?

Annual revenue of Solar Group is more than ₹1,000 Cr as on Mar 31, 2025

Where does Solar Group rank among its competitors?

Solar Group ranks 22nd amongst 1761 active competitors, of which 41 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Castelion, which secured $800M in Aug, 2026.

Who are the top competitors of Solar Group?

Solar Group's top competitors include Thales, Northrop Grumman and Airbus Official. Among them, Castelion secured the most recent funding round in August, 2026.

Solar Group - 2026 Company Profile, Team, Funding, Competitors & Financials

Solar Group is a public company based in Nagpur (India), founded in 1995 by Satyanarayan Nandlal Nuwal. It operates as a Manufacturer of industrial and defense explosives and blasting solutions. Solar Group has raised an undisclosed amount in funding. The company has 1761 active competitors, including 41 funded and 149 that have exited. Its top competitors include companies like Thales, Northrop Grumman and Airbus Official.

Company Details

Manufacturer of industrial and defense explosives and blasting solutions. Industrial explosives portfolio includes bulk & cartridge explosives, detonators, detonating fuse, cast boosters. It provides blasting solutions for mining, quarries, construction, tunnelling, hydro projects, seismic exploration, and public works. It manufactures defense & security products like ammunition, composite propellants, rockets, warheads, fuzes, and high-energy materials.

Website: solargroup.com
Social
Email ID: *****@solargroup.com
Phone Number: +91 **********
Registered Address: SolarHouse14,Kachimet,AmravatiRoad, Nagpur, Nagpur, Maharashtra, India, 440023

Key Metrics

Founded Year

1995

Location

Nagpur, India

Stage

Public

Latest Funding Round

Post IPO, 2012, $*****

Investors

Oman India Joint Investment Fund

Ranked

22^nd among 1761 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

2,351 as on Mar 31, 2026

Investment & Acquisitions

AugSenseLab & 10 more

Similar Companies

Hughes Precision M & 569 more

Exit Details

Public

View Solar Group's full profile

Solar Group is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
SUNDROP DEVELOPERS AND VENTURES LLP CIN: AAL-9829 , India, Strike off	Feb 10, 2018	0 - ₹10 Cr (As on Mar 31, 2024)	-
EMUL TEK PRIVATE LIMITED CIN: U24292MH2000PTC274027 , India, Active	Sep 14, 2000	₹100 - ₹500 Cr (As on Mar 31, 2025)	-
SOLAR INDUSTRIES INDIA LIMITED CIN: L74999MH1995PLC085878 , India, Active	Feb 24, 1995	₹1,000+ Cr (As on Mar 31, 2025)	1875 (As on Mar 31, 2024)
SOLAR DEFENCE AND AEROSPACE LIMITED CIN: U24292MH1995PLC091808 , India, Active	Aug 16, 1995	₹1,000+ Cr (As on Mar 31, 2025)	2621 (As on Feb 01, 2026)

Solar Group got listed on Apr 03, 2006.

Click here to take a look at Solar Group's IPO in detail

Solar Group has raised funding over 1 round. Its latest funding round was a Post IPO round on 2012 for $*****. 1 investor participated in its latest round. Solar Group has 1 institutional investor.

Here is the list of recent funding rounds of Solar Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2012	9691	Post IPO	5138	3115	9788	1353

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View details of Solar Group's funding rounds and investors

The founders of Solar Group is Satyanarayan Nandlal Nuwal. Manish Satyanarayan Nuwal is the CEO of Solar Group.

Here are the details of Solar Group's key team members:

Satyanarayan Nandlal Nuwal: Founder of Solar Group and founder of 1 other company.
Contact Info: 1 email address
Pravin Badwaik: CEO of Solar Group.
Contact Info: 1 email address

View details of Solar Group's Founder profiles and Board Members

Solar Group's employee count trend

Solar Group has 2,351 employees as of Mar 26. Here is Solar Group's employee count trend over the years:

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Top competitors of Solar Group include Thales, Northrop Grumman and Airbus Official. Here is the list of Top 10 competitors of Solar Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Thales 1893, Paris (France), Public	AI-based software suites for navigation applications	-	VentureTech Alliance, Europa & 4 others	81/100
2nd	Northrop Grumman 1939, Falls Church (United States), Public	Provider of non-combat aircraft systems for aerospace and defense industries	-	JANA Partners, Poku Capital & 5 others	71/100
3rd	Airbus Official 2000, Blagnac (France), Public	Manufacturer of commercial aircraft, helicopters, satellites, and launch vehicles	-	Jindal ventures, Soor Capital & 8 others	71/100
4th	Kratos 1994, San Diego (United States), Public	Provider of AI and cloud-based platforms and products for national security	-	Vintage Capital Management, Oak Investment Partners ... & 2 others	70/100
5th	ITT 1920, White Plains (United States), Public	Manufacturer of engineered components for industries	-	RWA Wealth Partners, AssetMark & 3 others	68/100
6th	RTX 1922, Arlington (United States), Public	Developer of transformative technologies	-	AIAC, Military Health & 4 others	68/100
7th	Lockheed Martin 1912, Bethesda (United States), Public	Manufacturer of global security and defense airplanes	-	Poku Capital, Liberty Bay Capital & 11 others	67/100
8th	Saab 1937, Stockholm (Sweden), Public	Provider of defence and civil security products, services, and solutions	$10.1M	SEB, Danske Bank & 6 others	67/100
9th	Elbit Systems 1966, Haifa (Israel), Public	Developer of defense technology delivering solutions for air, land, and naval	-	Europa, Elron Ventures & 1 others	67/100
10th	Castelion 2022, El Segundo (United States), Series C	Defense company applying modern hardware development and manufacturing processes to national security challenges	$1.3B	Andreessen Horowitz, Lightspeed Venture Partners ... & 22 others	66/100
22nd	Solar Group 1995, Nagpur (India), Public	Manufacturer of industrial and defense explosives and blasting solutions	-	Oman India Joint Investment Fund	58/100

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Solar Group has made 5 investments in companies including AugSenseLab and Luntry. Solar Group has also acquired 6 companies including Procapture and Maxigear.

Here is the list of investments & acquisitions:

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