Early Life and Education
Pankaj Doshi was born and raised in Mumbai, India, into a business-oriented Jain family. He earned a B.Tech and M.Tech in Chemical Engineering from IIT Bombay, followed by a Ph.D. in Chemical Engineering from Purdue University in 2002. He furthered his academic pursuits with postdoctoral research at MIT.
Rise to Success
Doshi's career began in the pharmaceutical industry, where he worked at GlaxoSmithKline and Pfizer for over four years. His significant contribution to the pharmaceutical industry was recognized when he was awarded the Pfizer's Outstanding Engineering Achievement Award. He is currently a Scientist at the National Chemical Laboratory (NCL), Pune. His wealth originates from his stake in Waaree Energies, India's largest solar panel manufacturer, which went public in October 2024.
Key Business Strategies
Doshi's wealth is tied to the success of Waaree Energies, which he co-owns with his brothers. The company's strategic focus on solar panel manufacturing has positioned it as a leader in the rapidly growing renewable energy market in India. The company's listing on the Indian bourses in October 2024 at a 70% premium to its IPO price. They are scaling up its U.S. manufacturing operations in Texas, investing $1.2 billion through 2028.
Philanthropy
Doshi and his brothers plan to donate a 1 percent stake in Waaree Energies, worth over $100 million, to their Waaree Foundation over the next 12 to 18 months, supporting education, healthcare, and community development. The Doshi family is committed to supporting causes like education, health care and community development, and they plan to build schools and hostels across India.
