AUM
Estimated $3-4B
Principals
3
Principal Net Worth
$7.9B
Data Flags
School dropout to billionaire; Solar Industries; defense sector expansion; highest wealth gain in India H1 2025 (+78%)
Nuwal Family Office
SFOHigh ConfidenceNagpur, India
Last verified: Jan 16, 2026
Details
- Source of Wealth
- Manufacturing (Solar Industries India - explosives, defense)
- Assets Under Management
- Estimated $3-4B
- Source File
- research/organizations/nuwal-family-office.md
- UID
- fo-nuwal-family-office
Also Known As
Satyanarayan Nuwal Family OfficeNuwal Capital
Principals (3)
Related Entities (3)
Relationship Strength
Loading relationships...
Sources (5)
- https://www.sovrenn.com/knowledge/from-sleepless-nights-at-railway-platforms-to-billion-dollar-heights-the-journey-of-satyanarayan-nuwal
- https://www.businesstoday.in/magazine/deep-dive/story/how-manish-satyanarayan-nuwal-is-turning-solar-industries-to-a-serious-player-in-defence-market-469801-2025-04-02
- https://www.forbes.com/sites/meghabahree/2019/11/12/the-man-supplying-indias-defense-forces-with-explosive-warheads/
- https://solargroup.com/about.html
- https://www.forbes.com/profile/satyanarayan-nuwal/
Changelog
- 2026-01-16Verification upgrade to High - confirmed net worth via Forbes (#846), Moneycontrol ($7.9B), News24 ($5.2B); recorded highest wealth gain in India H1 2025
- 2026-01-16Enriched with biography, education (school dropout story), Solar Industries, defense expansion
- 2026-01-15Auto-generated from principal Satyanarayan Nuwal