New Delhi: India’s top 20 industrialists have witnessed a major profit in the first half of 2025. At a time when the market was in a volatile state, they achieved an average return of 15.6 percent, while the Sensex delivered a return of 7.11 percent.
Satyanarayan Nuwal, Co-founder and Chairman of Solar Industries, saw the highest rise in wealth, with a massive surge of 78.4 percent. His company manufactures explosives, detonators, drones, and ammunition.
It is important to note that out of the top 20, 14 industrialists experienced a wealth increase of at least 8.5 percent. Only 6 saw their wealth decline, ranging between 4 percent and 25 percent. During this time, Ravi Jaipuria, Chairman of RJ Corp, witnessed a 24.6 percent drop in his wealth.
Meet Satyanarayan Nuwal:
- Satyanarayan Nuwal, 72, began his Solar Industries India in 1995
- Solar Industries India started to trade in industrial explosives then started manufacturing them.
- The biggest chunk of its annual revenue is from exports, followed by housing and infrastructure, state-owned coal companies and the defense sector.
- Satyanarayan Nuwal is the son of a government employee
- Nuwal set up his first business, an ink manufacturing unit in 1970 at age 18.
- It has 25 manufacturing locations across India and exports to more than 50 countries.
- Nuwal and his brother Kailashchandra, also a billionaire, have been embroiled in a feud since 2020.
Here in this article, we have listed the names of four corporate leaders who surprised everyone
1. Murali Divi (74): Founder & MD, Divi’s Laboratories
From an American scientist to a successful pharmaceutical entrepreneur
Net worth: ₹95,734 crore
All About Murali Divi:
- Divi’s Laboratories is known for its expertise in Active Pharmaceutical Ingredients (APIs)
- Murali Divi is renowned for his journey from being a scientist in the US to becoming a successful entrepreneur.
- Instead of chasing profits, he has focused on innovation, high quality, and sustainable growth in business.
2. Vikram Lal (83): 96% Market Share in 500-800cc Bike Segment
Founder, Eicher Motors
Net worth: ₹87,186 crore
All About Vikram Lal
- Eicher Motors is widely recognized for Royal Enfield.
- The company holds a 96% market share in the 500-800cc motorcycle segment.
- It also has a joint venture with Volvo for trucks and buses. The company has preserved the legacy of one of the oldest motorcycle brands.
3. Benu Bangur (94): Delivered Triple the Returns of Sensex This Year
Chairman Emeritus, Shree Cement
Net worth: ₹72,655 crore
All About Benu Bangur
- Shree Cement sells cement under brands like Ultra Jung Rodhak, Bangur Cement, and Rockstrong.
- Honorary chairman Benu Bangur belongs to a prominent business family from Kolkata. The company is among the most cost-efficient cement producers in India.
4. Satyanarayan Nuwal (72): Over 40% Returns in the Past Three Years
Co-founder and Chairman, Solar Industries
Net worth: ₹67,527 crore