|Traded as||BSE: 532667
|Tulsi Tanti, Chairman|
|Revenue||204.0286 billion (US$3.2 billion) (2014)|
Suzlon Energy Limited, ranked as the world’s fifth largest wind turbine supplier, in terms of cumulative installed capacity and market share, at the end of 2013. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America with over 24,200 MW of wind energy capacity installed, operations across over 30 countries and a workforce of over 10,000.
The Group offers one of the most comprehensive product portfolios – ranging from sub-megawatt onshore turbines at 600 Kilowatts(KW), to the world’s largest commercially-available offshore turbine at 6.15 MW – with a vertically integrated, low - cost, manufacturing base.
Suzlon is a vertically integrated wind power company. Suzlon makes and installs windmills. The company manufactures blades, generators, panels, and towers in-house and large or offshore turbines through its subsidiary Senvion. The company is integrated downstream and delivers turnkey projects through its project management and installation consultancy, and operations & maintenance services. Suzlon has offices, R&D and technology centres, manufacturing facilities and service support centres spread across the globe.
Suzlon has design and R&D teams and facilities in India, Germany, Denmark and The Netherlands. The international sales business of Suzlon is managed out of Aarhus, Denmark, while its global management office is in Pune, India.
Suzlon crossed 8,000 megawatts of cumulative installations in India in September 2010. Suzlon has cumulatively added over 7,600 megawatts of wind power capacity for over 1,700 customers in India across 40 sites in eight States. Suzlon accounts for nearly half of the country’s total wind installations Also in 2003 Suzlon set up an office in Beijing. In the key states of Tamil Nadu, Maharashtra and Gujarat, Suzlon’s installation base is over 1,000 megawatts each (Over 1GW). Leading corporate such as the Bajaj Group, the Birla Group, MSPL, DLF, the Tata Group, the Reliance Group, the ITC Group, L&T, as well as public sector companies like GSPL, HPCL, Indian Railways, Rajasthan Mines & Minerals, GACL, GSPC, GSFC, Indian Oil, ONGC and State Bank of India (SBI, Nuclear Power Corporation of India Limited (NPCIL), NALCO, GAIL, Vedanta Group (HZL), DLF Group, amongst others, have chosen Suzlon for their wind power projects. Suzlon is India's leading wind turbine manufacturer and has been leading the wind energy market in India for the past 15 years with nearly 50 percent YoY market share. The company has eight manufacturing facilities across the country. Suzlon has a workforce of over 10,000 employees globally.
- S111 - 2.1 MW
- S97 - 2.1 MW
- S95 - 2.1 MW
- S88 - 2.1 MW
- S82 - 1.5 MW
- S66 - 1.25 MW
- S52 - 600 kW
Suzlon's story began in 1995 when founder Tulsi Tanti was managing a 20-employee textile company. Due to the local infrastructure's erratic availability of electricity and because of the rising costs of power, the highest business expenditure after the raw materials was electricity.
Suzlon was founded by Tulsi Tanti in 1995, when he was working in a family-owned textile company. In that year, India's shaky power grid and the rising cost of electricity offset any profits the company would make. After providing electricity for his own company, Tanti realised that other companies in India could also greatly benefit from being sold wind power technology and advised on its use. With the help of some of his friends of Rajkot, he moved into wind energy production as a way to secure the textile company's energy needs, and founded Suzlon Energy. Suzlon adopted a business model wherein clients would be responsible for 25% of the up-front capital investment and Suzlon would arrange the remaining 75% on loan. Initially banks were hesitant to fund loans for this model but by 2008 40-50 Indian banks were financing wind power projects for Suzlon clients.
In 2001, Tanti sold off the textile business, so he could focus on the development of his wind energy business. Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman, Suzlon Group.
In the year 2006, Suzlon reached a definitive agreement for acquisition of Belgium firm Hansen Transmissions, specializing in gearboxes for wind turbines, for $565 million. In 2007, the company purchased a controlling stake in Germany's Senvion (then operating as REpower Systems) which valued the firm at US$1.6 billion.
In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of US for delivery of 150 wind turbines of 2.1 megawatts in 2008 and a similar volume to be delivered in 2009. EME had an option not to purchase the 150 turbines due to be delivered in 2009, which it has chosen to exercise.
In November 2009, the company decided to sell 35% stake of Hansen for $370 million as part of its debt restructuring program, through placing new shares. It appointed Bank of America Merrill Lynch and Morgan Stanley as the managers and book runners for the same.
In May 2011, Suzlon announced returning to profitability after the financial crisis of 2009 
In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions International NV to ZF Friedrichshafen AG for 8.9 billion (US$140 million).  In the same month, it also achieved full control of its German subsidiary REpower Systems (now Senvion) by acquiring the remaining 5% stake held by minority shareholders that resisted the takeover. The takeover was completed through the squeeze-out procedure by paying EUR 63 Million. 
It has to redeem 500 million worth of FCCB's(foreign currency convertible bonds)in 2012 in tranches of 300 million in June and 200 million in October respectively. In line with the previously announced strategy to dispose of non-critical group assets to reduce long-term debt,Suzlon Chairman said that Suzlon Energy, will sell stake in its China manufacturing unit to China Power New Energy Development Co. Ltd. for 3.4 billion rupees ($60 million).
On 30 Nov 2013 Suzlon Group subsidiary REpower Systems (now Senvion SE) bagged an Engineering, Procurement and Construction (EPC) contract from Mitsui & Co (Australia) Ltd to deliver 52 wind turbines with a total rated output of 106.6 MW for the Bald Hills wind farm in Victoria, Australia.
Suzlon started operating 1064 megawatt wind park in Jaisalmer, Rajasthan from 1 April 2013. it is the largest wind park in India. Suzlon operates the 584 megawatt wind park in the Eastern Ghats, (Tamil Nadu). Also, the company operates what was at the time of construction Asia's largest wind park, a 201 megawatt park near the Koyna reservoir in Satara district of Maharashtra - The Vankusawade Wind Park.
Suzlon will invest 150 billion (US$2.4 billion) in setting up a 2500 megawatt wind farm in Karnataka.
Awards won by Suzlon in last two years:
- Suzlon receives "Top 100 CISO Award": Honored by receiving the "Top 100 CISO Award" for its OMS Information security project.
- Business world FICCI Corporate Social Responsibility Awards 2011-12: Suzlon awarded the Appreciation Plaque for being a Socially Responsible Company
- Superbrand: Suzlon wins the 4th Edition of Consumer Superbrand for 2012
- World Consulting & Research Corporation: Suzlon chosen as Asia's Most Promising Brand (Energy)
- World Consulting & Research Corporation: Asia's Most Promising Business Leaders from India – Tulsi Tanti
- Business Initiative Direction (BID): Gold Award for excellence and business prestige
- Quality Forum of India, Pune Chapter: HSE (Environment) Improvement Project - Silver award for Best Quality Practice
|Wikimedia Commons has media related to Suzlon Energy.|
- List of renewable energy companies by stock exchange
- List of wind turbine manufacturers
- Wind Prospect
- Wind power in India
- Windpower farms in India - advantages and disadvantages
- Suzlon's Chief Resigns After 16 Months at Helm
- The Ascent of Wind Power, New York Times, 2006
- Source: *MAKE Report: Global Wind Turbine OEM 2013 Market Share.
- Company Profile: Suzlon
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