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Solar Industries India Limited

1543 employees

Solar Group is a global company, specialising in the design, development, manufacture and application of energy materials. It structures its business activity into • Blasting solutions for mining, quarries and public works; • Manufacturers of a complete range of industrial explosives (bulk and cartridge), detonators and detonating fuse and cast boosters; • Ammunition (HMX, RDX etc.) for the defence and security sector; • Production of key primary products in military activity i.e. composite propellants (Pinaka, Akash, Brahmos etc.), rockets & warheads for missiles filling of ammunition & fuzes and high energy material. Founded in 1995, Solar is the India’s leading manufacturers of commercial explosives & blasting system and ammunitions. We believe in reducing cost of operation of mining and adding values through the use of expansion energy, always with safety as our first priority. We do this by bringing together: the best people; reliable & high quality products and safe, secure & reliable supply. Our safety standards are among the highest in the industry. We are: - • World’s largest cartridge manufacturing facility at a single location. • India's first domestic supplier in private sector of HMX & HMX compounded products to the defence sector. • Manufacturing facilities in 5 countries and presence in 51 countries. www.solargroup.com

Investor insights

Funding rounds participated in

$13M sweet spot round size

Investor type

Public Company

Basic info

Industry

Mining

Sectors

Mining

Date founded

1995

Funding rounds raised

Total raised

$13M

from 1 investors over 1 rounds

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Solar Industries India Limited raised $13M on August 31, 2012

Investors: Oman India Joint Investment Fund

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