Tulsi Tanti
Encyclopedia
Tulsi Tanti is the chairman and managing director of Suzlon Energy
, a US $2 billion market cap wind power
based company. He, along with his three siblings, own 58% of the company. He is from Rajkot Gujarat where he started his first venture which was in textiles in Surat called Sulzer Synthetics P. Ltd. later changed name Suzlon Synthetics Ltd. And there after Suzlon Fibres Ltd,, then he moved into wind energy production and founded Suzlon Energy. He was worth $930 million as per Forbes in November 2008. However an 85% drop in share price of his Suzlon Energy, precipitated by the global recession and reliability issues with Suzlon's wind turbine blades, caused his net worth to drop to $400 million.
A commerce graduate and a diploma holder in mechanical engineering, Tulsi Tanti originally hails from Rajkot City Of Gujarat and is presently based in Pune, Maharashtra. Tulsi Tanti was earlier into textiles. He started his textile business with name of Sulzer Synthetics P. Ltd. in Surat, Gujarat. But he found the prospects stunted due to infrastructural bottlenecks. The biggest of them all was the cost and unavailability of power, which formed a high proportion of operating expenses of textile industry.
In 1990, Tulsi Tanti invested in two Vestas wind turbine
s and realized their huge potential. In 1995, he formed Suzlon and gradually quit textiles. Suzlon Energy is the third largest wind turbine manufacturer in the world and the largest in Asia. It is presently building what will be among the world's largest wind parks
of its kind at 1,000 MW capacity.
Suzlon is currently concentrating on a global expansion drive. In 2006, it acquired Hansen Transmissions
, a Belgian maker of wind-turbine gearboxes, which it subsequently sold to ZF Friedrichshafen
in 2011. Suzlon is also building a rotor-blade factory in Minnesota and has invested $60m in a factory in Tianjin, China.
Suzlon Energy
Suzlon Energy is a global wind power company based in India. In terms of market share, the company is the fifth largest wind turbine manufacturer in Asia...
, a US $2 billion market cap wind power
Wind power
Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....
based company. He, along with his three siblings, own 58% of the company. He is from Rajkot Gujarat where he started his first venture which was in textiles in Surat called Sulzer Synthetics P. Ltd. later changed name Suzlon Synthetics Ltd. And there after Suzlon Fibres Ltd,, then he moved into wind energy production and founded Suzlon Energy. He was worth $930 million as per Forbes in November 2008. However an 85% drop in share price of his Suzlon Energy, precipitated by the global recession and reliability issues with Suzlon's wind turbine blades, caused his net worth to drop to $400 million.
A commerce graduate and a diploma holder in mechanical engineering, Tulsi Tanti originally hails from Rajkot City Of Gujarat and is presently based in Pune, Maharashtra. Tulsi Tanti was earlier into textiles. He started his textile business with name of Sulzer Synthetics P. Ltd. in Surat, Gujarat. But he found the prospects stunted due to infrastructural bottlenecks. The biggest of them all was the cost and unavailability of power, which formed a high proportion of operating expenses of textile industry.
In 1990, Tulsi Tanti invested in two Vestas wind turbine
Wind turbine
A wind turbine is a device that converts kinetic energy from the wind into mechanical energy. If the mechanical energy is used to produce electricity, the device may be called a wind generator or wind charger. If the mechanical energy is used to drive machinery, such as for grinding grain or...
s and realized their huge potential. In 1995, he formed Suzlon and gradually quit textiles. Suzlon Energy is the third largest wind turbine manufacturer in the world and the largest in Asia. It is presently building what will be among the world's largest wind parks
Wind farm
A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
of its kind at 1,000 MW capacity.
Suzlon is currently concentrating on a global expansion drive. In 2006, it acquired Hansen Transmissions
Hansen Transmissions
Hansen Transmissions International NV is an established global wind turbine gearbox and industrial gearbox designer, manufacturer and supplier, with a leading position in the wind turbine gearbox market...
, a Belgian maker of wind-turbine gearboxes, which it subsequently sold to ZF Friedrichshafen
ZF Friedrichshafen
ZF Friedrichshafen AG, also known as ZF Group, and commonly abbreviated to ZF, is a German public company headquartered in Friedrichshafen, in the south-west German region of Baden-Württemberg....
in 2011. Suzlon is also building a rotor-blade factory in Minnesota and has invested $60m in a factory in Tianjin, China.