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Tulsi Tanti, founder and chairman of Suzlon Energy, dies at 64 due to cardiac arrest

According to the reports, Tanti was in Ahmedabad when to announce the opening of the company’s rights issue worth Rs 1,200 crore on October 11.
01:14 PM Oct 02, 2022 IST | APN Live
tulsi tanti  founder and chairman of suzlon energy  dies at 64 due to cardiac arrest
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Tulsi Tanti, the founder, chairman, and managing director of Suzlon Group, passed away on Saturday late evening due to cardiac arrest. The 64-year-old was on his way to Pune from Ahmedabad when he suffered a cardiac arrest.

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Tanti was also the chairman of the Indian Wind Turbine Manufacturers Association. He is survived by his son Pranav and daughter Nidhi.

According to the reports, Tanti was in Ahmedabad when to announce the opening of the company’s rights issue worth Rs 1,200 crore on October 11.

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Just a few hours before his death, Tanti held a media interaction in which he said Suzlon Energy plans to repay its debt and reduce its interest liabilities using the fund, to meet working capital needs and deploy the rest of the fund for corporate requirements.

Highlighting the need of reducing India’s energy import dependence, he said that the right time for doing business in the renewable segment is now. We just came in over two decades early, he added.

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Lesser known facts about Tulsi Tanti and his company Suzlon

Tulsi Tanti leads the strategic growth initiatives of the businesses of Suzlon Group which provide a full spectrum of green power solutions. The group has a market capitalization of over USD 1.5 billion and an international presence across 18 countries on 6 continents.

Tulsi Tanti spearheaded the wind revolution in India with the founding of Suzlon Energy in 1995.

He is committed to enabling energy security and affordability, whereby the benefit of clean, renewable and reliable energy reaches every sector.

Tulsi Tanti is considered the Captain of the Indian and global renewable energy industry. He is also on the panel of various forums, including:

  • BRICS Business Council
  • India-UK CEOs Forum
  • India-Spain CEOs Forum
  • India-China CEOs Forum
  • India-Canada CEOs Forum
  • Indo-French CEOs Forum
  • India-Sri Lanka CEOs Forum
  • India- Russia CEOs Forum
  • FICCI International Council

Deeply passionate about the environment, he has been globally recognized for his achievements and conferred with numerous awards, including:

  • ‘Champion of the Earth’ by the United Nation Environment
  • Programme (UNEP) in 2009
  • ‘Hero of the Environment’ by TIME magazine for his contribution to raising awareness and initiating action on global climate change
  • ‘Entrepreneur of the Year 2006’ by Ernst & Young
  • ‘World Wind Energy Award’ by World Wind Energy Association
  • The CNBC TV18 ‘India Business Leader Award’
  • ‘Chanchlani Global Indian Award’ by Canada India Foundation
  • ‘Global New Energy Business Leader Award’ by China Energy News
  • ‘Asia’s Most Promising Leader Award’ by Ibrands, Dubai
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