Billionaire Satyanarayan Nuwal’s life was full of adversities and there was a time when he used to sleep at the railway station due to lack of money.
The life journey of billionaire businessman Satyanarayan Nuwal, who founded Solar Industries India in 1995, is a typical rags-to-riches story and it highlights the importance of unwavering hard work, persistence and determination to achieve success.
Satyanarayan Nuwal belongs to a middle-class family who was born in Bhilwara, Rajasthan. Nuwal’s father was a government employee but Nuwal was passionate about doing business from a young age and he fulfilled his goal by establishing an ink manufacturing unit when he was only 18. The business failed later but Nuwal persisted and kept on trying several businesses before establishing a company now worth Rs 36,000 crore.
Nuwal’s life has been full of adversities and there was a time when he used to sleep at the railway station because of lack of money. He dropped out of school after Class 10 and never went to college due to the responsibilities of sustaining the family.
His father was a patwari and after his retirement in 1971, the family went through a lot of hardships. Nuwal married when he was just 19. In 1977, Nuwal came to Balharshah in Chandrapur district of Maharashtra and this transformed his life forever. In Balharshah, Nuwal met Abdul Sattar Allahbhai, who was a dealer in explosives used for digging wells, building roads and digging mines.
He was an intelligent young man with a burning desire to succeed, Allahbhai said. I recognized his potential and offered him a job. Even though he had no experience in the explosive business, he showed immense dedication and willingness to learn.
Nuwal’s journey from being an employee to an entrepreneur was not an easy one, but with sheer determination and hard work, he slowly learned the nuances of the explosives industry. In 1995, he founded Solar Industries India, a company that manufactures explosives used in mining and infrastructure projects.
Now, Solar Industries India is a leading player in the industry, with a market capitalization of Rs 36,000 crore. Nuwal’s net worth stands at a staggering amount, solidifying his position as one of the wealthiest individuals in India.
Reflecting on his journey, Nuwal said, I am grateful for the opportunities that came my way and for the people who believed in me. Hard work and perseverance are the keys to success. It doesn’t matter where you start in life; what matters is the effort you put in to achieve your dreams.
Nuwal’s story serves as an inspiration to countless individuals who are facing hardships and setbacks. It is a testament to the fact that with determination and a strong work ethic, anyone can turn their life around and achieve greatness.
As Solar Industries India continues to thrive and expand its reach, Satyanarayan Nuwal’s journey from a school dropout sleeping at a railway station to becoming a billionaire business tycoon stands as a shining example of the power of resilience and the potential of human determination.
