Early Life
Viren Doshi was born in India. Information regarding his early life and education is limited, but he is an engineering graduate from Cornell University.
Rise to Success
Viren Doshi, along with his brothers, built their fortune through Waaree Energies. The company was originally founded in 1990 by his brother Hitesh Doshi as a manufacturer of thermal and pressure gauges. Seeing the potential in renewable energy, Hitesh steered the company towards solar panel production in 2007. Viren Doshi is a director on Waaree's board and oversees engineering, procurement, and construction. In October 2024, Waaree Energies listed on the Indian bourses, with the listing making Viren and his three brothers instant billionaires.
Key Business Strategies
Waaree Energies has become India's largest solar panel maker by production capacity. The company manufactures solar cells, inverters, transformers, and complete solar modules. Waaree has also expanded internationally, particularly in the United States. The Doshi siblings have committed USD 1.2 billion through 2028 to build a solar manufacturing base in Texas. For the fiscal year ending March 31, 2025, Waaree Energies reported a 27% growth in revenue, reaching $1.6 billion, while net profit jumped 51% to $19.8 billion, driven by high production and strong demand for solar installations across India.
Philanthropy
No specific amounts of philanthropy could be found.
