Sarosh Kaikhushru Irani was born on 22 April 1903, the son of Kaikhushru Ardeshir Irani (known as Elder Kaikhushru) and Gulnar (Gulbai). His father was the brother-in-law and business partner of Khansaheb Kaikhushru Sarosh Irani, so Sarosh was a nephew of Gulmai and a cousin of Rustom and Adi K. Irani. His siblings included Dinshaw and Mota. His father became one of the people in Ahmednagar most staunchly opposed to Meher Baba, and for years Sarosh was the only member of his family who revered Baba.
In 1922, at nineteen, Sarosh left his boarding school in Panchgani and stopped in Poona, where his aunt Gulmai was visiting Baba. He had heard of Baba but had no faith in him and kept his distance. Baba asked who the young man was and said, "I have a lot of work in the world for him later on." When they met the next day, a wondrous change came over Sarosh and he bowed at Baba's feet. Baba had him study in Poona to become an electrician, and from then on Sarosh belonged to Baba's close circle. At Manzil-e-Meem in Bombay he trained in automobile mechanics, and each evening Baba would embrace him and say, "Here is my king!"
After the Manzil period Baba advised Sarosh to open an automobile business in Ahmednagar. His business prospered, and he was elected mayor of Ahmednagar more than once. Lord Meher notes that no matter how influential he became, Sarosh remained faithful to Baba his whole life and held nothing back in serving him. He married Viloo in Poona on 23 March 1927 with Baba's permission; Viloo was at first openly doubtful about Baba, but over the years she became devoted to him and worked beside her husband. Lord Meher calls Sarosh "a firm disciple of the Master and one of the mandali, though he was very much involved in the world."
Sarosh served Baba in many practical ways. In August 1949, at the meetings before the New Life, he was the first to offer to take sole responsibility for maintaining all the men and women then staying with Baba. In 1952 he went with Baba to America and drove the second car on the cross-country journey; while there he received a telegram saying he had been elected mayor of Ahmednagar. After the car accident near Prague, Oklahoma, in May 1952 he wept, saying he could never face the devotees in India again. He arranged lodging for the Western visitors at Meherabad in 1954, and he and Viloo were often entrusted with hosting Baba's guests at their home, Viloo Villa.
In 1962 Sarosh was made a trustee of the Avatar Meher Baba Trust in Vishnu's place, and he headed the committee that enlarged the Ahmednagar Center at Khushru Quarters by joining two rooms into a single hall, which Baba declared open on 21 October 1962. In 1967, as mayor, he organized a birthday procession through Ahmednagar with a large picture of Baba carried in an open jeep. In early February 1969, shortly after Baba dropped his body, Sarosh was photographed inside Baba's tomb at Meherabad. He died on 9 January 1973 and is buried at Lower Meherabad. His gravestone gives his name as Khansaheb Sarosh K. Irani.