Solar Industries incorporated a new step-down subsidiary in Botswana, signaling continued African expansion after the Omnia Holdings acquisition

Wed 30 Sep 2026

Initial capital subscription

$300,000

Omnia Holdings acquisition value

$1.3 billion

Current Africa revenue share

1/3 of total revenue

Projected African revenue

over $1 billion

Distribution footprint target

over 100 countries

Heard on Live TV News Channel between 12:38:19 - 12:41:19 IST.

• Solar Industries incorporated a new step-down subsidiary in Botswana named Solar Explocem with initial capital subscription of over $300,000 in cash.
• This follows the earlier acquisition of Omnia Holdings for $1.3 billion this month.
• Africa currently contributes 1/3 of Solar Industries' revenue; after Omnia integration, African revenue is expected to rise to over $1 billion, nearly three times current levels.
• Management guided distribution footprint expansion from 90 to over 100 countries and manufacturing presence from 11 to over 25 countries.
• Combined revenue guidance for FY28 stands at 31,000-32,000 crore rupees with EBITDA margins of 22-23%.
• Avinash Gorakshankar said further acquisitions would be EPS accretive and that Q2 numbers should be on track with a strong order book even without considering acquisitions.

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