H itesh Doshi is an Indian self-made billionaire and the chairman and managing director of Waree Group, India's largest manufacturer of solar panels. An engineer by training, he founded the company in 1989, initially as a hardware and instrumentation trading business. He later had the foresight to pivot the company into the nascent solar energy industry.
Under his leadership, Waree has grown into a major global player in the solar manufacturing industry. The company is the largest producer of photovoltaic (PV) modules in India and has expanded its operations internationally, exporting its products to countries around the world. In addition to its core manufacturing business, the group is also involved in developing large-scale solar power projects. Doshi's success is a story of a first-generation entrepreneur who has built a major enterprise at the forefront of India's green energy transition.
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Hitesh Doshi is an Indian businessman, the self-made billionaire Chairman of WAAREE Group (a major conglomerate including Waaree Energies), a global leader in solar PV modules and renewable energy solutions. Born in a small village in the Buldhana district of Maharashtra, his early life was marked by hardship; his father ran a small grocery store, and his village had limited amenities (electricity and telephones were a luxury).
Doshi graduated with a Bachelor's Degree in Commerce from the University of Mumbai in 1987. His entrepreneurial journey began early: in 1985, he borrowed Rs 5,000 from a relative to start his first venture (trading pressure and temperature gauges), driven by a desire to alleviate his father's financial burden. This commitment to self-reliance and the mantra to keep his hunger alive defined his career.
Hitesh Doshi founded the WAAREE Group in November 1989. His strategic vision was audacious: transform his small trading business into a dominant global force in solar energy—recognizing the long-term, structural demand for clean power in India and globally. The Group's flagship company, Waaree Energies, became one of the world's largest manufacturers of solar PV modules.
Under his leadership as Chairman, the WAAREE Group successfully diversified into EPC (Engineering, Procurement, and Construction) services and renewable energy projects. His family holds a substantial stake in Waaree Renewable Technologies Ltd.. His wealth is secured by the company's dominance in the global solar supply chain and its role as a key contributor to India's shift toward sustainable energy solutions.
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Borrows Rs 5,000 to start his first venture (Early Founding).
Founds the WAAREE Group (Industrial Founding).
Waaree Energies achieves status as a major global solar PV module manufacturer (Industrial Milestone).
Continues as Chairman, guiding the solar energy giant and its diversification into EPC (Executive Oversight).
Hitesh Doshi's wealth is concentrated in his founding and controlling ownership of the private industrial giant, WAAREE Group.
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Hitesh Doshi's social impact is massive and structural, tied to Waaree Energies' role in driving India's energy transition toward clean power and providing vast amounts of solar PV modules globally. The company provides thousands of stable industrial and technical jobs and contributes significantly to global sustainability goals.
His personal philanthropy supports various educational and community initiatives, reflecting his commitment to overcoming hardship. His career provides a powerful narrative of a self-made entrepreneur who transformed a small trading business into a global industrial giant by betting on renewable energy technology.
Hitesh Doshi maintains the professional, composed style of an Indian industrial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic is one of serious authority and stability, reflecting his mastery of complex manufacturing and the global energy market.
Residing in India, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, technological innovation, and the continuous management of his essential solar energy empire.
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+0% | +$0.02M
-2.02% | -$196.86M
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All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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