Kirit Doshi

Net Worth

$1.283B

+0.06% (24h)

Kirit Doshi, an Indian entrepreneur, is a key figure in the renewable energy sector, drawing his wealth from a stake in Waaree Energies, India's largest solar panel manufacturer by capacity. As of December 16, 2025, his estimated net worth is $1.3 billion. His career is marked by significant achievements in the solar energy industry. Doshi's leadership has been instrumental in Waaree Energies' growth, transforming it from a small industrial components firm into a major player in renewable energy. He resides in Mumbai, India.

The Full Dossier

Early Life

Information regarding Kirit Doshi's early life is limited in the search results. However, it is known that he resides in Mumbai, India.

Rise to Success

Kirit Doshi's wealth stems from his stake in Waaree Energies, a leading solar panel manufacturer in India. The company was founded in 1990 by his brother Hitesh Doshi, initially manufacturing thermal and pressure gauges. Kirit Doshi, along with his brothers, played a crucial role in the company's expansion into solar panel production in 2007, a strategic move that proved transformative. Waaree Energies' IPO in October 2024 marked a significant milestone, with the stock debuting at a 70% premium. The Doshi siblings' combined net worth is estimated at $7.4 billion. Kirit Doshi currently holds the position of Chairman & Managing Director at Waaree Technologies Ltd.

Key Business Strategies

Key business strategies include a focus on renewable energy and solar panel manufacturing. The company has five solar module manufacturing plants in India. Waaree Energies is also expanding with a $1.2 billion investment in a new manufacturing base in Texas, USA.

Philanthropy

In October 2025, Kirit Doshi and his brothers announced they would donate a 1% stake in Waaree Energies to their Waaree Foundation over the next 12 to 18 months, estimated to be worth over $100 million. They plan to support causes such as education, healthcare, and community development.

Career Timeline

2025

Re-appointed as Chairman and Managing Director

Kirit Doshi was re-appointed as Chairman and Managing Director of Waaree Technologies Limited, effective May 14, 2025.

2024

Waaree Energies IPO

Waaree Energies went public, with a 70% premium on its IPO price.

2007

Waaree Energies Enters Solar Manufacturing

The company expanded into solar panel production.

1990

Waaree Energies Founded

Hitesh Doshi founded Waaree Energies, initially manufacturing industrial gauges.

Philanthropic Impact

Education, Healthcare, Community Development$100M+

Waaree Foundation Donation

Kirit Doshi and his brothers will donate a 1% stake in Waaree Energies to their Waaree Foundation over the next 12 to 18 months. The funds will support causes such as education, healthcare, and community development.