Tulsi tanti

Tulsi R Tanti, the founder, chairman and managing director and promoter of Suzlon Energy passed away due to cardiac arrest on October 1. The company confirmed the development in an exchange filing, while adding that the list of promoters and the promoter group of the company have been updated. The filing read, “In this difficult time, the Company continues to be supported by its highly experienced board of directors and senior management who are both able and committed to take Tanti’s legacy forward and realise his vision for the Company.” The company furthermore mentioned, “This is for your urgent notice and also for the information of your members and the public at large. Per Regulation 31A of the Listing Regulations, the list of the promoters and the promoter group of the Company stands updated with exclusion of Shri Tanti. The company shall comply with all its reporting requirements formally in this respect in due course.” Tanti’s death comes at a time when the company is planning to raise around Rs 1,200 crore via a rights issue of 240 crore shares with face value of Rs 2 each at an issue price of Rs 5 per share. According to its website, Tanti established Suzlon in 1995 and believed in creating sustainable businesses and a sustainable world through energy independence and security. The company currently has over 100 wind farms and an installed capacity of around 13,450 MW and caters to private and public power utilities and electricity producers. It has also develope...

Founder chairman and managing director of Suzlon Energy and renowned expert on renewable energy Tulsi Tanti passed away following a cardiac arrest on the evening of October 1. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered the cardiac arrest, a company official was quoted by PTI. He is survived by his daughter Nidhi and son Pranav. “With profound sadness, we inform you of the untimely demise of Shri Tulsi R. Tanti, the Founder, the Chairman & Managing Director, and one of the promoters of Suzlon Energy Limited (the “Company") on 1st October 2022. Shri Tanti suffered a cardiac arrest and passed away the same day," the company said in a regulatory filing. Tanti, who was born in Rajkot in 1958, was aformer textiletrader. He graduatedfrom Gujarat University with a Bachelor's in Commerce degree. Tanti served as the president of the Indian Wind Turbine Manufacturers Association as well as the chairman of the Belgian turbine component manufacturer ZF Wind Power Antwerpen since May 10, 2006.

Tulsi Tanti had built a company that was then the market leader in the renewable energy space. But to hold that position with the changing times required the current generation to bring in new energy and get people to buy into it. As they say, it's easy to create a new setup but the difficult part is to bring in changes to that existing setup. For Nidhi (Tanti), it wasn't easy to find her place in the business but it was her grit and persistence that didn't let her lose focus. At the recently concluded Women's Day, Nidhi launched a "women at work' campaign to increase the number of women working in this out-an-out male-dominated sector. The campaign was not only about finding a mention on the papers, Nidhi has closely looked into the working conditions at many sites and worked towards strengthening the safety systems to ensure more women participation. She launched Climb-Assist, which is an electrical lift for the women in service maintenance. Nidhi's memory of seeing her father in the business goes back to the days when Tulsi Tanti used to manage a textile factory in Surat, Gujarat. As the story goes, Tanti's grit was so strong that to do away with high expenses for electricity along with issues related to outages, he ordered two wind turbines to take his factory off grid. When other businesses started showing interest, he realized that the future lies in wind energy. With this belief, Suzlon was started in 1995 in Pune. The Energy Empress We met Nidhi at Suzlon headquart...

• Just before suffering a cardiac arrest, Tulsi Tanti had addressed the media announcing Suzlon Energy’s ₹1,200 crore rights issue. • Tanti said the proceeds would be used to pay debt and interest, among other things. • He was known as one of the pioneers of renewable energy in India and bagged recognition from the United Nations, apart from others. Tulsi Tanti, the founder chairman and managing director of Suzlon Energy died late on October 1 due to a cardiac arrest. The 64-year-old Gujarat-based businessman is survived by his children Nidhi and Pranav. “With profound sadness, we inform you of the untimely demise of Tulsi R. Tanti, the Founder, the chairman and managing director, and one of the promoters of Suzlon Energy Limited on 1st October 2022. Shri Tanti suffered a cardiac arrest and passed away the same day,” Suzlon Energy said in a stock exchange filing. Tanti passed away soon after flying to Pune from Ahmedabad, where he was addressing the media to announce the opening of Suzlon Energy’s ₹1,200 crore rights issue, starting October 11. During the media briefing, Tanti had underlined that the proceeds of the rights issue would be used to repay debt and reduce interest liabilities, apart from meeting working capital and corporate requirements. Tanti was amongst the first in the industry to enter the renewable energy space. He founded Suzlon Energy in 1995 and the company now has 19.4GW wind energy capacity with a 33% market share in India. The company has its presen...

Both these acquisitions were fuelled by debt. After REpower Systems SE’s (renamed Senvion SE in 2014), customers began complaining of blades of Suzlon windmills cracking, forcing the company to take up expensive retrofitting measures. The financial crisis of 2008 and the subsequent global slump further complicated Suzlon's financial position. Most Searched Stocks 570.30 04:02 PM | 14 Jun 2023 8.10 (1.44%) 444.50 04:02 PM | 14 Jun 2023 -0.90 (-0.20%) 265.25 04:02 PM | 14 Jun 2023 -2.55 (-0.95%) 1300.40 04:02 PM | 14 Jun 2023 -4.45 (-0.34%) 2551.85 04:02 PM | 14 Jun 2023 31.00 (1.23%) 3251.05 04:02 PM | 14 Jun 2023 7.35 (0.23%) 113.80 04:02 PM | 14 Jun 2023 2.65 (2.38%) 16.20 04:02 PM | 14 Jun 2023 -0.20 (-1.22%) 1601.75 04:02 PM | 14 Jun 2023 -1.75 (-0.11%) 396.45 04:02 PM | 14 Jun 2023 0.90 (0.23%) Load more..

Achievement: Chairman of Suzlon Energy Ltd, Ranks among top 10 richest men of India. Tulsi Tanti is the Chairman of Suzlon Energy Ltd, a company dealing in wind energy. He is one of those first time entrepreneurs who saw potential in an inchoate idea, ventured into it, and made it big. Today, he ranks among top 10 richest men of India. A commerce graduate and a diploma holder in mechanical engineering, Tulsi Tanti originally hails from Gujarat and is presently based in Pune, Maharashtra. Tulsi Tanti was earlier into textiles. He started his textile business in Gujarat. But he found that 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 windmills and realized its huge potential. In 1995, he formed Suzlon and gradually quit textiles. Suzlon Energy is the sixth largest wind energy company 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 global expansion drive. It recently acquired Hansen Transmissions, a Belgian maker of wind-turbine gearboxes. Suzlon is also building a rotor-blade factory in Minnesota and has invested $60m in a factory in Tianjin, China. Tulsi Tanti is poised to make India a wind-power export hub.

AHMEDABAD: Tulsi Tanti, the founder, chairman and managing director and one of the key promoters of Suzlon Group and Suzlon Energy Limited, died of a cardiac arrest late on Friday night. Tanti was also the chairman of Renewable Energy Council of Confederation of Indian Industry (CII) to provide direction to India's green energy strategies. The 64-year-old entrepreneur from Rajkot is survived by his children, Nidhi Tanti, and Pranav Tanti. He operated his business from Ahmedabad and has settled in Pune since 2004. “With profound sadness, we inform you of the untimely demise of Tulsi R. Tanti, the Founder, the chairman and managing director, and one of the promoters of Suzlon Energy Limited on 1st October 2022. Shri Tanti suffered a cardiac arrest and passed away the same day,” the renewable energy major stated in its stock exchange filing. “He suffered a heart attack soon after he landed in Pune and passed away the same day,” a source privy to the development said. Tanti’s death came as a major setback to Suzlon Group and Suzlon Energy Limited. He was in Ahmedabad on Saturday at a media briefing to announce the opening of the company’s rights issue worth Rs 1,200 crore on October 11. “Suzlon Energy plans to repay its debt and reduce its interest liabilities using the fund, to meet working capital needs and deploy the rest of the fund for corporate requirements,” Tanti told the media. Tulsi Tanti, CMD, Suzlon Group Reiterating India’s clean energy commitments, Tanti highligh...

Suzlon Energy Ltd.'s Founder, Chairman and Managing Director Tulsi Tanti passed away on the evening of October 1 due to cardiac arrest. "With profound sadness, we inform you of the untimely demise of Shri Tulsi R.Tanti, the Founder, the Chairman & Managing Director, and one of the promoters of Suzlon Energy Limited (the “Company”) on 1st October 2022. Shri Tanti suffered a cardiac arrest and passed away the same day," the company said in a statement. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a company official said. He is survived by his daughter Nidhi and son Pranav. He is survived by his daughter Nidhi and son Pranav. "In this difficult time, the Company continues to be supported by its highly experienced board of directors and senior management who are both able and committed to take Shri Tanti’s legacy forward and realise his vision for the Company," the company said. Tanti was widely known as the visionary who pioneered the renewables revolution in India. He spearheaded the wind energy revolution in India with the founding of Suzlon Energy in 1995. He envisioned the opportunity in the Indian renewable energy industry at a time when the global wind energy market was dominated by international players and characterised by expensive and complicated technologies that were largely unviable for traditional businesses. Instituting a new business model...

Suzlon Energy founder Tulsi Tanti, popularly known as India's 'wind man', died of cardiac arrest at 64 on Saturday evening, the company said. One of the pioneers of the wind energy business in India and a globally renowned expert on clean energy, Tanti envisioned the opportunity in the renewable energy industry back in 1995 when the global wind energy market was dominated by international players. Under his leadership, Suzlon Energy grew to become the country's largest wind energy player with 19.4 gigawatt (GW) of cumulative installed capacity, 33 per cent market share in India and a presence in 17 countries. It has over 2 GW installed capacity in its second largest market, the US. "With profound sadness, we inform you of the untimely demise of Shri Tulsi R Tanti, the Founder, the Chairman and Managing Director, and one of the promoters of Suzlon Energy Ltd on October 1, 2022. Shri Tanti suffered a cardiac arrest and passed away the same day," the company said in a stock exchange filing. Before foraying into wind energy, Tanti owned a textile business which he sold in 2001. Suzlon got its first order in the US in 2003 from DanMar & Associates for supply of 24 turbines in southwestern Minnesota. "In this difficult time, the company continues to be supported by its highly experienced board of directors and senior management who are both able and committed to taking Shri Tanti's legacy forward and realise his vision for the company," the firm said. Prime Minister Narendra Mod...