Solar Group - About the company
Solar Group is a public company based in Nagpur (India), founded in 1995 by Satyanarayan Nandlal Nuwal. It operates as a Manufacturer of defense and industrial explosives. The company has 640 active competitors, including 9 funded and 35 that have exited. Its top competitors include companies like Hughes Precision M, Taurus and Nammo.
Company Details
Manufacturer of defense and industrial explosives. Caters to sectors such as industrial sectors & defense.
- 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
Investors
Ranked
1st among 640 active competitors
Annual Revenue
₹7,610Cr as on Mar 31, 2025
Employee Count
2,049 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with Solar Group
Solar Group is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SUNDROP DEVELOPERS AND VENTURES LLP CIN: AAL-9829 , India, Active | - | - | ||
EMUL TEK PRIVATE LIMITED CIN: U24292MH2000PTC274027 , India, Active | Sep 14, 2000 | $35.3M (As on Mar 31, 2025) | - | |
SOLAR INDUSTRIES INDIA LIMITED CIN: L74999MH1995PLC085878 , India, Active | Feb 24, 1995 | $900M (As on Mar 31, 2025) | 1875 (As on Mar 31, 2024) | |
SOLAR DEFENCE AND AEROSPACE LIMITED CIN: U24292MH1995PLC091808 , India, Active | Aug 16, 1995 | $136M (As on Mar 31, 2025) | 2270 (As on Aug 01, 2025) |
Solar Group's IPO details
Solar Group got listed on Apr 03, 2006.
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Solar Group's funding and investors
Solar Group is a funded company. Solar Group has 1 institutional investor.
View details of Solar Group's funding rounds and investors
Solar Group's founders and board of directors
Founder? Claim ProfileThe founders of Solar Group is Satyanarayan Nandlal Nuwal.
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
View details of Solar Group's Founder profiles and Board Members
Solar Group's employee count trend
Solar Group has 2,049 employees as of Mar 26. Here is Solar Group's employee count trend over the years:
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Solar Group's Competitors and alternates
Top competitors of Solar Group include Hughes Precision M, Taurus and Nammo. Here is the list of Top 10 competitors of Solar Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Solar Group 1995, Nagpur (India), Public | Manufacturer of defense and industrial explosives | - | 56/100 | |
2nd |  Hughes Precision M India, Series B | Manufacturer of small arms ammunition for military and civilian use | $21.9M | 53/100 | |
3rd | Taurus 1982, Decatur (United States), Unfunded | Manufacturer of fire arms | - | - | 46/100 |
4th | Manufacturer of ammunition, rocket motors, shoulder-fired systems, and composite solutions | - | 46/100 | ||
5th | Henry 1996, Rice Lake (United States), Unfunded | Provider of shotguns products | - | - | 45/100 |
6th | Heckler & Koch 1949, Oberndorf (Germany), Public | Manufacturer of small arms | - | - | 45/100 |
7th |  Kalashnikov 1807, Moscow (Russia), Acquired | Manufacturer of arms and ammunition products | - | - | 42/100 |
8th |  Astor Group 2006, Kista (Sweden), Public | Provider of radar jamming, composite materials, laser cutting, and etching technologies | - | - | 41/100 |
9th |  Star Aerospace 2015, Dehradun (India), Unfunded | Manufacturer of weapon modification and safety solutions for military applications | - | - | 41/100 |
10th |  Sierra Bullets 1947, Sedalia (United States), Acquired | Manufacturing the most accurate bullets | - | - | 40/100 |
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Solar Group's Investments and acquisitions
Solar Group has made 5 investments in companies including AugSenseLab and Luntry. Solar Group has also acquired 1 companies including RECL.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jan 08, 2025 | Investments | 2019 | Thiruvananthapuram (India) | |
Oct 29, 2024 | Investments | 2020 | ||
Apr 11, 2023 | Acquisition | 1979 | Dholpur (India) |
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News related to Solar Group
Filter this listMedia has covered Solar Group for a total of 6 events in the last 1 year, 3 of them have been about company updates.
•
Solar Industries rides defence tailwinds. Sustaining growth is the real testLivemint•Mar 27, 2026•Solar Group
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Solar Ind Standalone September 2025 Net Sales at Rs 1,125.22 crore, up 24.27% Y-o-YMoneycontrol•Nov 14, 2025•Solar Group
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Solar Ind Consolidated September 2025 Net Sales Rise 21.35% Y-o-Y to Rs 2,082.22 croreMoneycontrol•Nov 14, 2025•Solar Group
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Defence orders boost Solar Industries, stock jumps after Pinaka orderLivemint•Jul 09, 2025•Solar Group
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Solar Industries India Limited posted highest ever yearly revenueAsian News International•May 20, 2025•Solar Group
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Solar Industries India bags ₹2,150 crore defence supply export orderLivemint•Feb 28, 2025•Solar Group
•
Solar Industries, MIL bag Rs 10,000 crore Pinaka order, likely CCS nod for mega dealMoneycontrol•Jan 30, 2025•Solar Group
•
Solar Industries targets ₹1,500 crore in revenue from defence this yearCNBC-TV18•Dec 04, 2024•Solar Group
•
Solar Industries stocks in focus as it bags Rs 2,039 crore export orderZEE Business•Dec 03, 2024•Solar Group, SCCL
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