My Role Model

Tulsi TantiProfile

Name: Tulsi TantiAge: 57 Fortune: Self MadeSource: Wind EnergyMarital Status: Married, two ChildrenEducation: B.com and Diploma in Mechanical Engineering.Net Worth: US $ 400 millionCompany: Suzlon Energy

Early DaysHailing From Agricultural Family in Gujrats Saurashtra region, Tulsi and his three younger brothers decided to do something else instead of going in their families cold storage business.Tanti is B. com from Rajkots Saurashtra University and simultaneously pursued diploma in engineering.In 1980 He started a Polyester yarn business in Surat ;due to electricity problems in 1990s he bought two turbines from Danish Manufacturers vestas, for his business and realized its huge potential.Path towards SuccessIn 1995 Tulsi and his three brothers Vinod,Girish, Jitendra began with Suzlon Energy in Pune by selling some family property.The Tantis shopped around for technology in Europe but no one was willing to give it without an equity stake.Finally, Sudwind a small German company agreed to give them ten turbines.Tanti convinced IPCL a petrochemicals company that had been supplying raw materials for its yarn business, to sign up as suzlons first customer. Suzlon completed IPCLs 3.5 megawatt project using sudwinds turbines within 3months deadline.

OpportunistSudwind went bankrupt in late 1990. and Tanti seized the opportunity by acquiring its R&D division.Instead of moving to India,Tulsi hired former Sudwind employees and set up a R&D laboratory in northern Germany in city of Rostock,here existing designed were fine tuned .Similarly Tanti Managed to acquire a Dutch blade manufacturer.Rise UpIn 1999,state of Maharashtra passed a law that allowed companies to claim the cost of installing wind turbines as a tax deduction. Tanti had made it by 2002 sales at Suzlon was $131 million.In 2004 Suzlon set up a plant in Pondicherry, with more than 1200 workers, many with German expertise but paid in Indian salaries. Local production conditions enabled Suzlon to boast 14% profit margin where as the standard Industry is 8%.In 2005 Suzlon raised $340 million from initial public offering, which made Tantis family in the realm of subcontinents ultra rich. Acquisition and SaleSuzlonacquired Hansen Transmissions for $507 mn in 2006

Suzlonbought the German business for $1.7bn in 2007

Suzlon sells German unit to Centerbridge for 1bn in 2015AwardsTanti is recipient of prestigious Canada India Foundation(CIF) Chanchlani Global Indian Award(2009)Tanti was named Champion of the earth by UNEP United Nations Environment Programme for his Entrepreneurial Vision in combating climate change.Rajiv Gandhi Award 2007 for most successful Industrialist in India.Ernst and Young Entrpreneur of the year 2006 by Ernst and Young.Business Leadership award 2002 by Solar Energy Society of India.

Present StatusNet Worth: US$ 400 billionMarket Cap: $121.56BRanks 368 among the worlds Richest.Orders on hand worth $4.3 billion.Suzlon has operations in 21 countries spread over 6 continents.Personal Stake in Suzlon 27% and 66% of Families.Suzlon is 5th largest producer of turbines, with 10.5 global market share.8th Richest Indian in 2005 and 10th in 2007.

Global Presence

Wind Farm in Texas, USA

Wind Farm, South Australia

Wind Farm, Portugal

Suzlons Solar lamp program in Rajasthan.Social Cause

Suzlons IBT(Introduction to Basic Technology Program)in Bhule Maharashtra.Social CauseProgress

Suzlon has Asias largest wind power station in Dhule, Maharashtra, with production capacity of 1100 mw.

Conclusion

Mr Tanti Drives Suzlon not as Business, but as cause contributing to the world by creating sustainable social, economic and ecological, and using technology to help mitigate the global climate crisis.Thank you.