Early Life and Career
Born in 1964, Kirit Doshi's early life and education are not widely documented in publicly available sources. However, his career trajectory clearly indicates a strong business acumen and an understanding of emerging market trends. His focus on the renewable energy sector placed him at the forefront of India's solar power boom.
Rise to Success
Kirit Doshi's rise to prominence is closely tied to Waaree Energies, India's largest solar panel manufacturer. The company, founded in 1990 by his brother Hitesh Doshi, initially focused on industrial gauges. However, recognizing the potential of renewable energy, the company shifted its focus to solar panel production in 2007. This strategic move proved pivotal, transforming Waaree Energies into a leading player in the Indian solar market. Waaree Energies' IPO in October 2024 at a 70% premium to its issue price, further solidified the Doshi family's wealth, making Kirit and his brothers billionaires.
Key Business Strategies
Key to Kirit Doshi's success has been his ability to identify and capitalize on the growing demand for solar energy in India. The company has focused on expanding its manufacturing capacity and has committed $1.2 billion to build a solar manufacturing base in Texas. Waaree's success is attributed to the vision of the Doshi brothers. They have implemented strategies focused on increasing production capacity, establishing international presence, and capitalizing on governmental initiatives supporting renewable energy.
Philanthropy
In October 2025, Kirit Doshi, along with his brothers, announced a plan to donate a 1 percent stake in Waaree Energies to their Waaree Foundation over the next 12 to 18 months, demonstrating a commitment to social responsibility and community development.
