Profil Financier
Kailashchandra Nuwal occupe actuellement le rang #793 du classement mondial StarFortune (secteur industrie & manufacturing). Fortune nette estimée : $5.3 B (-$238 sur 24h).
Kailashchandra Nuwal draws his wealth from shares in Solar Industries, a maker of industrial explosives, founded by his brother Satyanarayana Nuwal.
Solar Industries gets the biggest chunk of its annual revenue from exports, followed by the defense sector, the housing and infrastructure segments, non-coal companies and state-owned coal company.
Until 2019 he was vice chairman and a director in the company but had to step down for failing to disclose his stake in a private company.
Kailashchandra approached the National Company Law Tribunal for reinstatement. The Supreme Court in 2025 disposed off the appeal.
The fight between the brothers came to a head in 2023 when Kailashchandra Nuwal voted against four resolutions including altering the articles of association at the company's annual general meeting.