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2565
In the world today
Hitesh Doshi

Hitesh Doshi

H. Doshi
-0.34% | - $-5.06M
$1.47 B ₹ 13,364 Cr
Real Time Net Worth #2565 Ranking as of 21 Feb 2026 By Forbes

More on Hitesh Doshi

Gender

Male

Age

66Y

Country

India

Born On

January, 1960

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Solar)

Primary Organization

Waree Group

Titles

Chairman & MD

Sources of Wealth

Waree Group

Industry

Energy, Manufacturing, Technology

About Hitesh Doshi


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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Quick Reads


  • Founder, Chairman, and MD of Waree Group, India's largest solar panel manufacturer.
  • A self-made billionaire, he started the company in 1989.
  • A key player in India's push for renewable energy.
  • The company also develops large-scale solar power projects.
  • He is a first-generation entrepreneur with an engineering background.

Early Life and Background


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.

Career Journey of Hitesh Doshi


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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Hitesh Doshi's Timeline


1985:

Borrows Rs 5,000 to start his first venture (Early Founding).

1989 (November):

Founds the WAAREE Group (Industrial Founding).

2011 (approx.):

Waaree Energies achieves status as a major global solar PV module manufacturer (Industrial Milestone).

Ongoing:

Continues as Chairman, guiding the solar energy giant and its diversification into EPC (Executive Oversight).

Major Business Ventures and Investments


Hitesh Doshi's wealth is concentrated in his founding and controlling ownership of the private industrial giant, WAAREE Group.

  • WAAREE Group (Chairman & Founder): The core private asset, a global leader in solar PV modules (Waaree Energies), EPC services, and renewable energy solutions.
  • Solar Dominance: His success is built on industrial scale, high-quality manufacturing, and vertical integration in the global solar supply chain.
  • Early Entrepreneurship: He started his first venture with a loan of Rs 5,000 while still a student (1985).
  • Family Governance: His children, Chaitali Doshi and Ankit Doshi, hold key roles in the family business.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the founder and Chairman of WAAREE Group, a global leader in solar PV modules.
  • He was born in a village with limited amenities and borrowed Rs 5,000 to start his first venture.
  • His company is a key contributor to India's shift toward sustainable energy solutions.
  • The company's original business was trading pressure and temperature gauges.
  • He holds a degree in Commerce from the University of Mumbai.
  • His children, Chaitali and Ankit Doshi, play key roles in the business.
  • His wealth is tied to the successful industrialization of solar energy technology.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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