Friends, Admirers and Relatives have formed the Lalit Doshi Memorial Foundation to perpetuate his memory. It is a registered public trust (No. E-15268-Bombay).

Its main objectives are :

1. Instituting annual awards/prizes in the field of industry, independently or jointly with organizations of repute.


2. Instituting prizes for school/college/intercollegiate competitions and for students for outstanding performances in studies and extra-curricular activities.


3. Arranging Memorial Lectures.


4. Granting relief to the poor and needy.