What started as a small factory making pressure and temperature gauges in Mumbai three decades ago has now changed the fate of four Indian brothers, landing them for the first time on the Forbes India Rich List 2025 . The Doshi siblings: Hitesh, Kirit, Pankaj, and Viren, now have a collective net worth of $7.5 billion, ranking 37th on the list, after the runaway success of their solar energy company, Waaree Energies.

Doshi siblings enter Forbes India rich list 2025

When Waaree Energies went public in October 2024, few expected such an overwhelming response. The issue was heavily oversubscribed, and the stock made a dazzling market debut, listing at a 70% premium to its issue price. Since then, the shares have continued to rise, gaining over 50% post-listing. The profit has resulted in

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