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Tulsi Tanti is the chairman and managing director of Suzlon Energy, a US $2 million market cap wind power based company. He and his two siblings own 94.33% 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 production and founded Suzlon Energy. He was worth $90 million as per FT in November 2008. However an 85% drop in share price of his Suzlon Energy, precipitated by the global recession and quality issues with Suzlon wind turbines, caused his net worth to drop to $1 million.
A commerce graduate and a diploma holder in mechanical engineering, Tulsi Tanti originally hails from Rajkot City Of Gujarat and is 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 turbines and realized their huge potential. In 1995, he formed Suzlon and gradually quit textiles. Suzlon Energy is the fifth largest wind turbine manufacturer[5] 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.
Suzlon is 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 $60 million in a factory in Tianjin, China (later sold it for $1.5 million to China Power)
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