Early Life
Viren Doshi, born in 1968, is a key figure in the Indian solar energy sector. He is 57 years old and a resident of Mumbai, India. His journey to becoming a billionaire is rooted in his family's involvement in Waaree Energies, one of India's largest solar panel manufacturers by capacity. The company was originally founded in 1990 as a manufacturer of thermal and pressure gauges.
Rise to Success
The pivotal moment in Doshi's financial success came with the listing of Waaree Energies on the Indian bourses in October 2024. The Initial Public Offering (IPO) saw a 70% premium on the listing. This event transformed him and his three brothers into instant billionaires. Viren Doshi serves as a director on the company's board and is responsible for overseeing crucial aspects like engineering, procurement, and construction. He is married.
Key Business Strategies
Waaree Energies' success is driven by strategic expansion and a strong focus on the growing demand for solar energy solutions. The company operates five solar module manufacturing plants across India. Waaree Energies plans to add another 8 gigawatts, aggressively pushing toward renewable energy independence. Outside India, Waaree has been busy setting up shop in the United States with an investment of $1.2 billion through 2028 to expand their solar manufacturing base in Texas.
Philanthropy
While specific details of Viren Doshi's philanthropic activities are not widely available, his involvement in the Students Care Board indicates a commitment to social causes. He is involved in educational initiatives. His work as an angel investor suggests a broader interest in supporting various ventures.
