NetWorth
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Doshi
Hitesh Doshi
Rank #2645
INDIA•Energy•Solar panels

Hitesh Doshi

Net Worth
$1.472B
-0.91% (24h)
Hitesh Doshi is the Chairman and Managing Director of Waaree Energies, India's largest solar panel manufacturer. Born in a small village in Maharashtra, Doshi's journey from humble beginnings to a $1.4 billion net worth is a testament to his entrepreneurial spirit and commitment to renewable energy. His career began in 1985 with a small loan, and he later graduated with a Bachelor's degree in Commerce from the University of Mumbai. Doshi's achievements include transforming Waaree Energies into a leading global player in the solar industry. His wealth stems primarily from his success in the solar panel business. The company's IPO in 2024 further solidified his position in the industry.

How to read Hitesh Doshi's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Hitesh Doshi, we anchor the narrative to Solar panels and Solar panels, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.472B alongside global rank #2645, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (INDIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Hitesh Doshi's journey began in the Buldhana district of Maharashtra, where he was born in a small village. Growing up in a household with limited resources, Doshi understood the importance of education as a pathway to a better future. His early education was in a village school, after which he pursued further studies by cycling to a nearby village. This experience instilled in him a strong work ethic and a desire to overcome challenges.

Rise to Success

Doshi's entrepreneurial journey began in 1985 with a loan of ₹5,000. He completed a Bachelor's Degree in Commerce from Shri Chinai College of Commerce & Economics, University of Mumbai in 1987. During his graduation days, the hostel in Nagdevi became a pivotal chapter in his entrepreneurial journey. Recognizing the fundamental need for financial sustenance, he consciously chose to avoid traditional job paths. Instead, he engaged in trading and various endeavors to secure his financial stability.

Key Business Strategies

Doshi is the Chairman and Managing Director of Waaree Energies. Waaree Energies has India's largest Solar PV Module manufacturing capacity of 2 GW's at its plant in Gujarat; enabling us to deliver high-quality affordable solar products to our customers. His vision and strategic decisions have been instrumental in the company's growth and its leading position in the Indian solar market. The company's IPO in October 2024 was a significant milestone, with the stock listing at a 70% premium to its issue price.

Philanthropy

Beyond his business success, Hitesh Doshi has contributed to social causes, with a focus on education and community development. Further details on the exact amounts and specific initiatives are not readily available.

Career Timeline

2024

Waaree Energies IPO

Waaree Energies went public, and the stock listed at a 70% premium.

1990

Founded Waaree Energies

Established Waaree Energies, which became India's largest solar panel manufacturer.

1987

Graduated from University of Mumbai

Completed a Bachelor's degree in Commerce.

1985

Started Entrepreneurial Journey

Began his career in the energy sector with a ₹5,000 loan.

Philanthropic Impact

Education and Community DevelopmentUndisclosed

Education and Community Development

Contributes to non-profit organizations focused on education and community development.

Key Business Ventures & Holdings

CompanyStakeValue
Waaree Energies64.22%—

Net Worth History

In-Depth Analysis

Early Life

Hitesh Doshi's journey began in the Buldhana district of Maharashtra, where he was born in a small village. Growing up in a household with limited resources, Doshi understood the importance of education as a pathway to a better future. His early education was in a village school, after which he pursued further studies by cycling to a nearby village. This experience instilled in him a strong work ethic and a desire to overcome challenges.

Rise to Success

Doshi's entrepreneurial journey began in 1985 with a loan of ₹5,000. He completed a Bachelor's Degree in Commerce from Shri Chinai College of Commerce & Economics, University of Mumbai in 1987. During his graduation days, the hostel in Nagdevi became a pivotal chapter in his entrepreneurial journey. Recognizing the fundamental need for financial sustenance, he consciously chose to avoid traditional job paths. Instead, he engaged in trading and various endeavors to secure his financial stability.

Key Business Strategies

Doshi is the Chairman and Managing Director of Waaree Energies. Waaree Energies has India's largest Solar PV Module manufacturing capacity of 2 GW's at its plant in Gujarat; enabling us to deliver high-quality affordable solar products to our customers. His vision and strategic decisions have been instrumental in the company's growth and its leading position in the Indian solar market. The company's IPO in October 2024 was a significant milestone, with the stock listing at a 70% premium to its issue price.

Philanthropy

Beyond his business success, Hitesh Doshi has contributed to social causes, with a focus on education and community development. Further details on the exact amounts and specific initiatives are not readily available.

Data Sources & Methodology

Figures for Hitesh Doshi are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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