Suzlon is a vertically integrated wind power company headquartered in India that manufactures wind turbines and provides full turnkey wind farm development from assembly to installation and maintenance. It has manufacturing facilities, R&D centers, and offices globally. Suzlon is India's largest wind turbine manufacturer, with over 8,000 MW of cumulative wind power capacity installed in India, accounting for nearly half of the country's total installations. The company was founded in 1995 by Tulsi Tanti to provide renewable energy to power his textile business.

1. Suzlon is a vertically integrated wind power company. Suzlon delivers end-to-end wind power
[4]
solutions from assembly, installation to commissioning. The company manufactures blades,
generators, panels, and towers in-house, as well as gearboxes through its partial ownership
of Hansen Transmissions and state-of-the-art large or offshore turbines through its
subsidiary REpower. The company is integrateddownstream and delivers turnkey projects through its
project management and installation consultancy, and operations & maintenance services. Suzlon is
a multinational company with offices, R&D and technology centers, manufacturing facilities and
service support centers spread across the globe.
Suzlon has design and R&D teams and facilities in Germany, India and The
Netherlands to retrofit blades for clients. The international sales business of Suzlon is managed out
of Aarhus, Denmark, while its global management office is in Pune, India.
Suzlon Energy Limited (SEL), India’s largest wind turbine manufacturer, announced crossing 8,000
MW (megawatt) of cumulative installations in India, underlining the strong momentum in India's fast
[citation needed]
growing wind energy market . This cumulative power generation capacity has the potential
to light up four million homes annually. Suzlon has cumulatively added over 8,000 MW of wind power
capacity for over 1,600 customers in India across 40 sites in eight States. Suzlon accounts for nearly
[citation needed]
half of the country’s total wind installations . In the key states of Tamil Nadu, Maharashtra
and Gujarat, Suzlon’s installation base is over 1,000 MW each. Leading corporate such as the Bajaj
Group, the Birla Group, MSPL, DLF, the Tata Group, the Reliance Group, the ITC Group, L&T, as
well as public sector companies like GSPL, HPCL, Indian Railways, Rajasthan Mines & Minerals,
GACL, GSPC, GSFC, Indian Oil, ONGC and State Bank of India (SBI), amongst others, have chosen
[citation needed]
Suzlon for their wind power projects . Suzlon is India's largest wind turbine manufacturer
and has been leading the wind energy market in India for the past 12 years with nearly 50 percentYoY
market share. The company has a workforce of 9,000 employees in India, and eight manufacturing
facilities across the country.
HISTORY
Suzlon's story began in 1995 when founder Tulsi Tanti was managing a 20-employee textile
company. Due to the local infrastructure's erratic availability of electricity and because of the rising
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costs of power, the highest business expenditure after the raw materials was electricity.
Suzlon was founded by Tulsi Tanti in 1995, when he was working in a family-owned textile company.
In that year, India's shaky power grid and the rising cost of electricity offset any profits the company
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would make. After providing electricity for his own company, Tanti realized that other companies in
India could also greatly benefit from being sold wind power technology and advised on its use. With
the help of some of his friends of Rajkot, he moved into wind energy production as a way to secure
[8]
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
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2008 40-50 Indian banks were financing wind power projects for Suzlon clients.
In 2001, Tanti sold off the textile business, so he could focus on the development of his wind energy
business. In 2009, Suzlon is still actively run by Tulsi Tanti, now in the role of Chairman and
Managing Director.
In 2003, Suzlon got its first sale in USA, with an order from DanMar& Associates to supply 24
[9] [6]
turbines in southwestern Minnesota. Also in 2003 Suzlon set up an office in Beijing.

2. Suzlon Rotor Corporation in 2006 began producing the blades in Pipestone, Minnesota in the United
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States. Among its clients is Wind Capital Group.
In the year 2006, Suzlon reached a definitive agreement for acquisition of Belgium firm Hansen
Transmissions, specializing in gearboxes for wind turbines, for $565 million. In 2007, the company
purchased a controlling stake in Germany's REpower which valued the firm at US$ 1.6 billion.
In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of US for delivery of
150 wind turbines of 2.1 MW in 2008 and a similar volume to be delivered in 2009. EME had an
option not to purchase the 150 turbines due to be delivered in 2009, which it has chosen to exercise.
In November 2009, the company decided to sell 35% stake of Hansen for $370 million as part of its
debt restructuring program, through placing new shares. It appointed Bank of America Merrill Lynch
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and Morgan Stanley as the managers and book runners for the same.
In January 2011, Suzlon received an order worth $1.28 billion for building 1000MW of wind energy
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projects from the Indian branch of the Lord Swaraj Paul-owned Caparo Energy Ltd.
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In May 2011, Suzlon announced returning to profitability after the financial crisis of 2009
In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions International NV
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to ZF Friedrichshafen AG for Rs890Cr ($178 million). In the same month, it also achieved full
control of its German subsidiary Repower by acquiring the remaining 5% stake held by minority
shareholders that resisted the takeover. The takeover was completed through the squeez-out
[17]
procedure by paying EUR 63 Million.