Founder and managing director of Suzlon Energy Tulsi Tanti died due to cardiac arrest on the evening of October 1. Tanti, 64, was also the chairman of the Indian Wind Turbine Manufacturers Association. He is survived by his daughter Nidhi and son Pranav. Tanti was in Ahmedabad, Gujarat on October 1, Saturday.
The company’s regulatory filing read: 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 on 1st October 2022. Shri Tanti suffered a cardiac arrest and passed away the same day. 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.
Expert on wind energy
Tulsi Tanti, who owned a textile business in 1995, moved into wind energy production to secure the textile company’s energy needs and founded Suzlon Energy. In 2001, he sold off the textile business.
In 2003, Suzlon got its first order in the USA from DanMar & Associates to supply 24 turbines in southwestern Minnesota. At present, Suzlon Energy has a market cap of Rs 8,535.90 crore. Tulsi Tanti spearheaded the wind 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.