Suzlon

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title: "Suzlon" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["suzlon", "electrical-engineering-companies-of-india", "companies-based-in-pune", "wind-turbine-manufacturers", "engineering-companies-of-india", "indian-companies-established-in-1995", "multinational-companies-headquartered-in-india", "indian-brands", "1995-establishments-in-maharashtra", "manufacturing-companies-established-in-1995", "companies-listed-on-the-national-stock-exchange-of-india", "companies-listed-on-the-bombay-stock-exchange"] description: "Indian wind turbine company" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/Suzlon" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Indian wind turbine company ::

::data[format=table title="Infobox company"]

Field	Value
name	Suzlon Energy
logo	Suzlon Energy logo.svg
image	Suzlon One Earth Global Corporate Headquarters by Christopher Charles Benninger.tif
image_caption	Headquarters in Pune
type	Public
traded_as
ISIN
industry	Renewable energy
founded
founder	Tulsi Tanti
hq_location	One Earth, Hadapsar
hq_location_city	Pune, Maharashtra
hq_location_country	India
num_locations_year
area_served	Worldwide
key_people	JP Chalasani (CEO, Suzlon Group)
products	Wind turbines
production_year
revenue	(2025)
operating_income	(2025)
net_income	(2025)
assets	(2025)
equity	(2025)
owner	Tanti Family
members_year
num_employees	5,800
num_employees_year	2023
module
website
::

| name = Suzlon Energy | logo = Suzlon Energy logo.svg | logo_size = | logo_padding = | logo_alt = | logo_caption = | image = Suzlon One Earth Global Corporate Headquarters by Christopher Charles Benninger.tif | image_size = | image_alt = | image_caption = Headquarters in Pune | type = Public | traded_as = | ISIN = | industry = Renewable energy | founded = | founder = Tulsi Tanti | hq_location = One Earth, Hadapsar | hq_location_city = Pune, Maharashtra | hq_location_country = India | num_locations = | num_locations_year = | area_served = Worldwide | key_people = JP Chalasani (CEO, Suzlon Group) | products = Wind turbines | brands = | production = | production_year = | services = | revenue = (2025) | operating_income = (2025) | net_income = (2025) | assets = (2025) | equity = (2025) | owner = Tanti Family | members = | members_year = | num_employees = 5,800 | num_employees_year = 2023 | parent = | divisions = | subsid = | module = | website = | footnotes = Suzlon Energy is an Indian multinational wind turbine manufacturer headquartered in Pune, Western India.

History

Tulsi Tanti was a Gujarati businessman managing a small textile company. Due to the erratic availability of local power and its rising cost, the highest business expenditure after the raw materials was electricity. Tanti ventured into wind energy production as a way to secure the energy needs for his textile company. After commissioning two wind turbines, Tanti discovered that wind energy was an even better business than textiles and founded Suzlon Energy. It set up its first manufacturing facility at Diu. In 1996, Suzlon commissioned its first customer wind turbine for Indian Petrochemical Corporation Ltd at Dhank, Gujarat. The wind farm has powered 70,000 households in Gujarat completing over 25 years of operations.

Suzlon's technology partner for these earliest projects was German Südwind . In 2000 Suzlon got an order from Tata Finance and its wholly owned subsidiary, Niskalp Investment & Trading, to supply wind turbines for a 60 MW wind power project It setup India's first 1 MW unit at Supa, Ahmednagar in Maharashtra under the order. Suzlon produced first-ever "made-in-India" wind turbine blades,S60, manufactured at it's rotor blade unit in Daman in 2002

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, Indian banks were hesitant to fund loans for this model, but by 2008, many Indian banks started financing wind power projects for Suzlon's clients.

In 2001, Tanti sold off the textile business and took over as chairman of Suzlon Group. In 2003, Suzlon ventured into international markets with an order from DanMar to supply 24 turbines in southwestern Minnesota, United States and set up an office in Beijing, China. Suzlon Rotor Corporation began producing the blades in Pipestone, Minnesota in 2006. Suzlon reached a definitive agreement for acquisition of Belgian firm Hansen Transmissions, specializing in gearboxes for wind turbines, for $565 million in 2006 and purchased a controlling stake in Germany's Senvion valued at US$1.6 billion in 2007. In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of the United States for delivery of 150 wind turbines.

In November 2009, the company decided to sell 35% stake of Hansen for $370 million as part of its debt restructuring program and appointed Bank of America Merrill Lynch and Morgan Stanley as the managers and book runners. In January 2011, Suzlon received an order worth US$1.28 billion for building 1000 megawatts of wind energy projects from Caparo Energy. In May 2011, Suzlon announced returning to profitability for the first time after the 2008 financial crisis.

In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions to ZF Friedrichshafen AG for . In the same month, it also achieved full control of its German subsidiary REpower Systems (now Senvion) by acquiring the remaining 5% stake held by minority shareholders for EUR 63 million. In line with the previously announced strategy to dispose of non-critical group assets to reduce long-term debt, Suzlon announced its intention to sell stake in its China manufacturing unit to China Power New Energy Development Company Limited for . In November 2013, Senvion won an Engineering, Procurement and Construction (EPC) contract from Mitsui Australia to deliver 52 wind turbines for the Bald Hills Wind Farm in Victoria, Australia.

As of August 2014, Suzlon's debt increased to . On 22 January 2015, Suzlon announced the sale of Senvion, its wholly owned subsidiary, to Centerbridge Partners, a private equity firm in a deal valued at to reduce the debts. In a further equity infusion, Dilip Shanghvi, the founder of Sun Pharmaceuticals, agreed to purchase a 23 percent stake in Suzlon for a sum of . The deal shrank Tanti's holding to 24 percent, but management control remained with the Tanti family. Its total borrowings stood at in FY15-16 from in FY14-15.

In May 2024, Suzlon secured new orders from Juniper Green Energy to develop 402 MW wind energy projects in Fatehgarh, Rajasthan. The deal includes installation of 134 wind turbine generators, each with a rated capacity of 3 MW.

The market capitalization of Suzlon hits the mark of 1 lakh crore (approximately US$11.6 billion).

Wind parks and facilities

As of 2015, Suzlon had installed over 17,000 MW of wind power capacity in 18 countries. In 2016, the company had fifteen manufacturing facilities and a workforce of over 8,000 employees globally. On 17 January 2017, Suzlon Energy achieved 10,000 megawatts installed wind energy milestone in India. Its notable installations in India include Jaisalmer Wind Park in Rajasthan (1064 MW), Kutch in Gujarat (1100 MW), Sakri in Maharashtra (650 MW), Eastern Ghats in Tamil Nadu (584 MW), and Satara in Maharashtra (210 MW).

References

References

1. Kumar, Nirmalya. (2009). "[[India's Global Powerhouses]]". [[Harvard Business Press]].
2. (17 October 2007). "Heroes of the Environment".
3. (17 November 2006). "India's 40 Richest". Forbes.
4. https://energy.economictimes.indiatimes.com/news/renewable/suzlons-first-wind-farm-completes-20-years-of-operations/53188351
5. https://www.windpowermonthly.com/article/960815/indias-first-1-mw-unit-erected
6. https://www.thewindpower.net/turbine_en_200_suzlon_s60-1000.php
7. Karmali, Naazneen. (27 October 2006). "Wind Man". Forbes.
8. (7 October 2010). "Story of a windmill". Renewable energy world.
9. (2 February 2010). "Suzlon: awaiting large orders". Livemint.
10. (2 December 2009). "Suzlon: Some breeze, finally". Business Standard.
11. Yep, Eric. (28 January 2011). "Suzlon Energy Bags $1.28 Billion Order". The Wall Street Journal.
12. (14 May 2011). "Suzlon Press Release". Suzlon.
13. (7 October 2011). "Suzlon Energy to Receive $178 Million for Hansen Stake Next Week- Bloomberg". Mobile.bloomberg.com.
14. Yep, Eric. (28 October 2011). "Suzlon: Completed 'Squeeze-Out' Process of REpower Minority Shareholders". The Wall Street Journal.
15. (23 June 2012). "Suzlon Group to Sell China Unit for RS 340 Crore".
16. "Suzlon to Supply 52 Turbines to Australian Wind Farm". [[The Hindu]].
17. (1 August 2014). "Aim to repay debt, turn profitable by end of FY15: Suzlon". MoneyControl.
18. (22 January 2015). "Suzlon to sell German unit to Centerbridge for €1 bn". Business Line.
19. (14 February 2015). "Dilip Shanghvi takes 23 per cent stake in debt-laden Suzlon". Business Today.
20. "Suzlon {{!}} Suzlon to exit debt restructuring by end of FY17". Indiainfoline.
21. (22 May 2024). "Suzlon secures Wind Energy Projects from Juniper Green Energy".
22. (9 August 2024). "Suzlon Energy hits Rs 1 lakh crore market cap; shares surge 37% since Q1 results". The Economic Times.
23. (16 December 2010). "Suzlon Group crosses 22000 megawatts in wind power installations across the world". Suzlon.
24. "Company Profile".
25. link. (6 May 2016)
26. Market, Capital. (17 January 2017). "Suzlon Energy gains after achieving 10,000 MW installed wind energy milestone". Business Standard India.
27. (11 May 2012). "Suzlon crosses 1 GW capacity at Jaisalmer park". The Economic Times.
28. (6 November 2014). "Suzlon sets up world's tallest hybrid wind turbine in Kutch". The Hindu.
29. (6 November 2014). "Suzlon to complete Kutch wind farm in next four years, says CMD Tanti". The Indian Express.
30. "Suzlon Energy faces serious debt crisis".
31. "Among the clouds".

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