Suzlon Energy
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| Public | |
| Traded as |
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| ISIN | INE040H01021 |
| Industry | Renewable energy |
| Founded | 1995 |
| Founder | Tulsi Tanti |
| Headquarters | One Earth, Hadapsar,, Pune, Maharashtra, India |
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Area served
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Worldwide |
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Key people
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| Products | Wind turbines |
| Revenue | ₹204.0286 billion (US$3.2 billion) (2014) |
| Website | www |
Suzlon Energy Ltd. is a wind turbine supplier based in Pune, India. Formerly ranked as the world's fifth largest supplier, it has since then dropped out of the Global top ten rank as of 2014. The company claims to have over 14,800 MW of wind energy capacity installed globally, with operations across 19 countries and a workforce of over 7,000.
The company is listed on the (NSE:SUZLONEQ) and on the (BSE:532667).
Suzlon is a vertically integrated wind power company. Suzlon makes and installs wind turbines. 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 has eight manufacturing facilities across the country, and a workforce of over 10,000 employees globally.
In 1995, founder Tulsi Tanti was managing a 20-employee textile company. Due to the erratic availability of power locally, and its rising costs, the highest business expenditure after the raw materials was electricity. The cost of electricity also offset any profits made by the company. After providing electricity for his own company, Tanti 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; Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman, Suzlon Group.
In 2003, Suzlon got its first saddles order in USA, with an order from DanMar & Associates to supply 24 turbines in southwestern Minnesota. Also in 2003 Suzlon set up an office in Beijing.
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Wikipedia