Suzlon Energy Limited is an Indian multinational wind turbine manufacturer headquartered in Pune, India. It was formerly ranked by MAKE as the world's fifth largest wind turbine supplier. Mr. Tulsi Tanti is a Gujarati Buisnesman and Founder of the company.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, many Indian banks started financing wind power projects for Suzlon clients. More information...
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