Tulsi Tanti

Tulsi R. Tanti
Tulsi Tanti at the World Economic Forum
Born	Rajkot, India
Residence	Pune, India
Occupation	Founder, Chairman and Managing Director of Suzlon Energy
Net worth	US$400 million
Religion	Hindu
Children	2
Website
Suzlon Energy Ltd

Tulsi Tanti is the chairman and managing director of Suzlon Energy, a US $1 million market cap wind power based company. He and his two siblings own 94.33% of the company.

Biography

Tanti is from Rajkot, Gujarat. A commerce graduate and a diploma holder in mechanical engineering, he started his first venture in textiles in Surat called Sulzer Synthetics P. Ltd., and later changed its name first to Suzlon Synthetics Ltd., and later to Suzlon Fibres Ltd. He found the prospects limited due to infrastructural bottlenecks, including the cost and unavailability of power, which formed a high proportion of the operating expense of the textile industry. He then moved into wind power production and founded Suzlon Energy.

In 1990, Tanti invested in two Vestas wind turbines. In 1995, he formed Suzlon and gradually quit textiles. Suzlon Energy is the fifth largest wind turbine manufacturer in the world (combined with REpower) and the largest in Gujarat. It is building what will be among India's largest wind parks of its kind at 10 MW capacity^{[citation needed]}. He was worth $930 according to Forbes in November 2008. His fortune had reached $5.6 million, however an 85% drop in the share price of Suzlon Energy, precipitated by the global recession and quality issues with Suzlon wind turbines, caused his net worth to drop to $3 by March 2009.

In 2006, Suzlon 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 $60 million in a factory in Tianjin, China, later selling it for $1.5 million to China Power^{[citation needed]}.

External links

• Forbes Magazine 2006 article - Wind Man