Who is Shaurya Doval?
Shaurya Doval is an Indian public-policy leader and investment professional, best known as a founding member and Governing Council member of India Foundation and an executive member of the BJP Uttarakhand unit. A former London- and Singapore-based banker, he leads Torch Investment Management and frequently speaks on India’s economic strategy, manufacturing, and geoeconomics at forums like the Aspen Security Forum. In 2025 he wrote on Budget 2025’s impact on Uttarakhand, underscoring his policy focus at the state level. He is a 2015 Eisenhower Fellow and was selected for Japan’s STEP ministerial program in 2023. An interesting fact about him is his extensive international finance career, having spent over a decade working in leveraged finance for major firms in London and New York before shifting his focus to public policy in India.
Key Information
| Field | Information |
|---|---|
| Full Name | Shaurya Doval |
| Profession | Public-policy leader, investment professional |
| Known For | Founding/Governing Council member, India Foundation; Executive Committee Member, BJP Uttarakhand; MD, Torch Investment Management |
| Age | 51 (as of October 2025) |
| Date of Birth | 26 April 1974 |
| Zodiac Sign | Taurus |
| Years Active | c. 2009–present (India Foundation established 2009) |
| Hometown | Uttarakhand family roots (son of Ajit Doval, from Pauri Garhwal) |
| Current Residence | New Delhi / Singapore (professional ties) |
| Religion | Hinduism |
| Nationality | Indian |
| Educational Qualification | BA Economics (Hindu College, Delhi University); MBA (University of Chicago Booth & London Business School, joint program); Chartered Accountant (ICAI) |
| Hobbies | Public policy engagement, strategic affairs |
| Marital Status | Married |
| Wife | Divya Doval (Oncologist) |
| Children | Two |
Early Life & Education
Shaurya Doval’s early life was influenced by his father, Ajit Doval, India’s National Security Advisor and a decorated spymaster. Shaurya has publicly stated that as a child, he did not know his father was an IPS officer, believing he was in the foreign service, highlighting the secretive nature of his childhood environment.
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Birth & family roots: Shaurya Doval was born on 26 April 1974 in New Delhi. His family hails from Pauri Garhwal district in Uttarakhand.
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Schooling & higher education: He received his schooling at Army Public School before earning a B.A. with Honours in Economics from Hindu College, Delhi University. He also qualified as a Chartered Accountant through ICAI. Later, he pursued dual MBA programs with London Business School and Chicago Booth.
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Early ambitions / shift: After working in finance internationally (London, Singapore), he shifted toward public policy and investment to bridge governance and capital.
Career Journey
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Early finance career: Shaurya served in roles with Arthur Andersen (India), GE Capital (London) in leveraged finance, and Morgan Stanley (London) in investment banking.
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Founding India Foundation: Around 2009, he played a central role in establishing India Foundation, which undertakes public dialogues, research, and policy events.
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Torch Investment Management: He co-leads Torch Investment (formerly ZeusCaps), a multi-family investment management firm with global assets.
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Public policy & politics: In 2017, he became a “special invitee” to the BJP Uttarakhand executive committee, contributing to policy advisory roles in the state.
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Awards & recognition: He received the Udyog Rattan Award (2012). He was an Eisenhower Fellow (2015) and participated in Japan’s STEP program.
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Recent projects & commentary: In 2025, he’s been active in speaking forums, writing on Budget 2025’s regional effects (especially Uttarakhand), and steering India Foundation’s flagship events.
Awards
- Udyog Rattan Award in 2012 for his contribution to the power sector in India.
- Eisenhower Fellow from India for 2015.
- Pride of India Award by Chandigarh University in 2021 for his contribution as a think tank leader and youth icon for entrepreneurs.
- Nominated as a Fellow of the World Academy of Arts and Science (WAAS) in July 2024.
- Selected by the Government of Japan for their invitation program, Strategic Exchange on Practical Level (STEP), for 2022-23.
Relationships & Personal Life
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He is married to Dr. Divya Doval, an oncologist.
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The couple have two children; their names are not publicly listed in credible sources.
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Public coverage focuses more on his professional work; there is little credible documentation about his diet, fitness routine, or day-to-day lifestyle.
Family
| Relation | Name |
|---|---|
| Father | Ajit Doval (India’s National Security Adviser) |
| Mother | Aruni Doval |
| Brother(s) | Vivek Doval |
| Sister(s) | (No publicly known sisters) |
| Wife | Dr. Divya Doval |
| Children | Two (names not publicly disclosed) |
Controversies
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Conflict-of-interest claims: Media such as The Wire scrutinized the relationship between India Foundation and government, alleging opaqueness in funding and political influence. Doval denied foreign funding and filed defamation suits.
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Family legal matter: In 2019, Vivek Doval filed a criminal defamation suit against The Caravan and Jairam Ramesh over allegations implying illicit financial dealings. In December 2020, Ramesh formally apologized in court.
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Public criticism: Some analysts question the proximity of think tanks like India Foundation to ruling coalitions and ministerial appointments. These remain public debate issues.
Net Worth
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As of October 2025, there is no credible public estimate of Shaurya Doval’s net worth.
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Major income sources likely include:
• Leadership role at Torch Investment (investment returns, management fees)
• Speaking engagements, policy consulting, think tank roles
• Board/advisory roles where applicable
Social Media Presence
| Platform | Handle | Followers |
|---|---|---|
| @shauryadoval | 6,672 | |
| Twitter / X | @shaurya_doval | 11,200 |
| Shaurya Doval | 674K | |
| Active profile | 500+ |
Some Lesser Known Facts
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He was born 26 April 1974 in New Delhi, placing him in his early 50s as of 2025.
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Before public policy, he built a career in leveraged finance and investment banking across London, Singapore, and India.
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When India Foundation was being shaped, he emphasized civil society engagement and youth dialogue like Young Thinkers’ Meet.
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He is known to straddle both capital markets and governance discourse, uniquely blending business and public-policy domains.
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In 2022–23, he was selected for Japan’s STEP program (Strategic Exchange on Practical Level).
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He has expressed interest in regional development in Uttarakhand, launching “Bemisal Garhwal” under “Buland Uttarakhand.”
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Despite public roles, he maintains modesty about personal life – few interviews dwell on his personal habits or preferences.
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His thinking often touches on manufacturing, supply chains, India’s positioning in geoeconomics, rather than popular “celebrity” domains.
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He is not known to engage in entertainment or mainstream media beyond policy forums and think tank panels.
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He was appointed as director of a UK company with a “date of birth April 1974” in the UK Companies House records, confirming the birth month.
Latest Updates
- Trending News: Shaurya Doval is trending as of late September/early October 2025 for his high-profile presence at a BJP state body working committee meeting in Uttarakhand, which has created “ripples” and sparked political curiosity and speculation about his deepening involvement in the state’s politics.
- Ongoing Projects:
- He continues his role as the Managing Director of Torch Investments, leading its global investment business out of Singapore.
- He remains the Director of the influential India Foundation, steering its economic policy initiatives.
- He recently participated in high-level geopolitical discussions, including a notable appearance at the Aspen Security Forum 2025, where he discussed the impact of global trade policies on India.
- Current City: Based on his roles, his work is split between Singapore (for Torch Investments) and New Delhi/Uttarakhand (for India Foundation and BJP activities).
FAQs
1. When and where was Shaurya Doval born?
Shaurya Doval was born in April 1974 in New Delhi, India. His family hails from Pauri Garhwal district in Uttarakhand.
2. What is Shaurya Doval’s age as of 2025?
As of October 2025, Shaurya Doval is 51 years old.
3. Who are Shaurya Doval’s parents?
Shaurya Doval is the elder son of Ajit Doval, India’s National Security Adviser, and Aruni Doval.
4. What is Shaurya Doval’s educational background?
He holds a Bachelor’s degree in Economics from Hindu College, University of Delhi, is a Chartered Accountant (ICAI), and earned his MBA jointly from the London Business School and the University of Chicago Booth School of Business.
5. Is Shaurya Doval married?
Yes, Shaurya Doval is married to Dr. Divya Doval, an oncologist. The couple has two children.
6. What is Shaurya Doval known for?
He is known for founding India Foundation, steering Torch Investment Management, and contributing to national policy discussions on economics, manufacturing, and geopolitics.
7. What political role does Shaurya Doval hold?
He serves as an Executive Committee Member of the Bharatiya Janata Party (BJP) Uttarakhand, where he provides strategic and economic policy input.
8. What is Shaurya Doval’s net worth?
There are no verified public estimates of his net worth. However, he is believed to earn from his leadership at Torch Investment Management and his policy and advisory roles.
9. Has Shaurya Doval been involved in any controversies?
Yes. Media outlets such as The Wire and The Caravan have scrutinized the India Foundation for alleged proximity to government officials. Shaurya Doval has denied all allegations and emphasized transparency in funding. In 2019, his brother Vivek Doval filed a defamation case related to similar accusations, which concluded with an apology from Congress leader Jairam Ramesh.
10. Where does Shaurya Doval live?
He divides his time between New Delhi, where India Foundation is based, and Singapore, where Torch Investment Management operates.
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