Here are the energies:Every person who keeps an eye on the news of market and business world these days will be familiar with Waaree Energies Company. The company entered the stock market with strength. The company’s shares were listed on BSE at Rs 2550, while the IPO price was Rs 1503. In this sense, the company’s stock has given a return of 70 percent or Rs 1047 per share on its listing and investors are in profit. Waari Energies, which made investors rich upon listing, was officially launched in 1989. Today it is the country’s largest company manufacturing solar PV modules. The story of Waari Energies reaching this position is very interesting.
It is said that about 35 years ago, a person started Vari Energies by borrowing Rs 5000 from a relative and got it registered in the year 1989. Today it has become a company worth more than Rs 11000 crore. The name of the person who took the country’s largest solar PV module manufacturing company to this position is Hitesh Chimanlal Doshi. 57 year old Hitesh Doshi from Buldhana district of Maharashtra shifted to Mumbai for further studies after 12th and along with studying commerce, he started Vari Energies here.
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Who is Hitesh Doshi?
Hitesh Doshi currently Vari Energies Is the Chairman and Managing Director of.According to the official website of Vaari Energies, Hitesh Doshi has been associated with the company since 1999. Currently he has the responsibility of overseeing the company’s financial performance, investments and other business ventures. Hitesh Doshi has more than 22 years of experience in the engineering industry.
Hitesh Doshi has obtained Bachelor’s degree in Commerce from University of Mumbai. He holds a Master’s degree in Business Project Management (Professional) from European Continental University.in entrepreneurship) Has obtained a doctorate degree.
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Born and brought up in a village in Buldhana district of Maharashtra, Doshi did his early education while staying in his native Grig district. His father ran a small grocery shop in the village of Buldhana district. After 12th, he moved to Mumbai in 1989 for further studies. To reduce the financial burden on his father’s shoulders, Doshi started his own venture in Mumbai along with his bachelor’s studies. For this, Doshi had borrowed Rs 5,000 from his relative. In September 1989, he registered his venture in the name of Vaari Instruments.
The company’s revenue in the financial year 2023-24 was Rs 11,398 crore. During this period the company’s earnings were recorded at Rs 1,274 crore.
