Common Questions about Suzlon, the largest Wind Energy Player in India
All the common knowledge about Suzlon's business, organisation and its founding story.
In our Outlook series on Suzlon, we dwelt on our reading of Suzlon, its difficult phase over the decade since the 2008 financial crisis, difficult acquisition repercussions and possibilities of its turning around over the last year.
In this post, we will look at some of the basics of Suzlon to learn more about it. This is for readers who are considering investments in the company and want to learn more of its business.
What is the founding story of Suzlon?
From Wikipedia:
"In 1995, Tulsi Tanti, a Gujarati businessman, was managing a 20-employee textile company. Due to the erratic availability of local power and its rising cost, the highest business expenditure after the raw materials was electricity.[2] The cost of electricity also offset any profits made by the company.[3] 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."
Tanti eventually sold off his textile business and assumed Chairmanship of Suzlon in 2001. In 2003, Suzlon received it's first US order and then went on to open up offices globally.
What business is the main business of Suzlon?
The NSE website classifies Suzlon in Heavy Electrical Equipment industry headquartered in Pune, India.
Suzlon Energy Ltd is an Indian company that manufactures wind turbine generators and related components. It is a leading global renewable energy solutions provider.
The company designs, develops, manufactures, and sells wind turbine generators, as well as offers operation and maintenance services. It focuses on providing clean and sustainable energy solutions.
Who was the founder of Suzlon?
Tulsi Tanti, the "Wind Man of India," was a visionary leader who steered Suzlon to become a global wind energy powerhouse. Starting from a small textile firm, his frustration with unreliable electricity led him to wind power. Tanti championed affordable clean energy and oversaw Suzlon's rise to become the world's largest wind turbine maker (by market cap) in 2006. Awarded for his entrepreneurial vision, Tanti tragically passed away in 2022, leaving a lasting legacy in India's renewable energy sector.
Who is the CEO of Suzlon?
As of today's date, April 13, 2024, the CEO of Suzlon is J P Chalasani. He was reappointed to the position in April 2023.
What is the future of Suzlon Energy?
We have covered our views on Suzlon elaborately over a 3 article series. You read through them, starting from the first article here.
Summarily, India and the world at large are chasing clean energy as a solution to a sustainable, clean future. India has set aggressive goals for herself serving 50% of total energy demands of the nation by renewable energy by the year 2030.
In this context there is a large investor, and governmental interest in renewable energy streams across the board. Suzlon is the largest Wind Energy player in India and one of the leading players in renewable energy. It has a particular focus on Wind Energy.
As such, if the macro economic circumstances continue to be favourable, and Suzlon is able to be clinical in execution, there is a good chance that the company may create good value for it's investors.
What is Suzlon's current world ranking?
It is hard to put a world ranking to Suzlon because there are multiple parameters on which you may rank.
As per Suzlon's own website:
"In India, Suzlon is a market leader with 111+ wind farms and an installed capacity of over 14,490 MW. It has developed some of Asia’s largest operational onshore wind farms in nine states including Gujarat, Rajasthan, Maharashtra and Tamil Nadu. The Group’s diverse client portfolio includes power utilities and electricity producers in both the private and public sectors."
