my role model(tulsi tanti)(e)
TRANSCRIPT
TULSI TANTI
BY:
LAL IT NA INANILAL ITNAINANI17@GMAIL .COM
My Role Model
Profile
• Name: Tulsi Tanti Age:50 Fortune: Self Made Source: Wind Energy Marital Status:Married,two
Children Education:B’com and
Diploma in Mechanical Engineering.
Net Worth:US$ 3 billion Company: Suzlon Energy
Early Days
Hailing From Agricultural Family in Gujrat’s Saurashtra region,Tulsi and his three younger brothers decided to do something else instead of going in their families cold storage business.
Tanti is B’com from Rajkots Saurashtra University and simultaneously pursued diploma in engineering.
In 1980 He started a Polyster yarn business in Surat ;due to electricity problems in 1990’s he bought two turbines from Danish Manufacturers vestas, for his business and realized its huge potential.
Path towards Success
In 1995 Tulsi and his three brothers Vinod,Girish, Jitendra
began with Suzlon Energy in Pune by selling some family property.
• The Tanti’s shopped around for technology in Europe but no one was willing to give it without an equity stake.
• Finally,Sudwind a small german company agreed to give them ten turbines.
• Tanti convinced IPCL a petrochemicals company that had been supplying raw materials for its yarn business,to sign up as suzlons first customer.Suzlon completed IPCL’s 3.5 megawatt project using sudwinds turbines within 3months deadline.
Opportunist
Sudwind went bankrupt in late 1990. and Tanti seized the opportunity by acquiring its R&D division.
Instead of moving to India,Tulsi hired former Sudwind employees and set up a R&D laboratory in northern Germany in city of Rostock,here existing designed were fine tuned .
Similarly Tanti Managed to acquire a Dutch blade manufacturer.
Rise Up
In 1999,state of Maharashtra passed a law that allowed companies to claim the cost of installing wind turbines as a tax deduction.Tanti had made it by 2002 sales at suzlon was $131 million.
In 2004 Suzlon set up a plant in Pondicherry,with more than 1200 workers,many with german expertise but paid in Indian salaries.Local production conditions enabled suzlon to boast 14% profit margin where as the standard Industry is 8%.
In 2005 Suzlon raised $340 million from initial public offering,which made Tanti’s family in the realm of subcontinents ultrarich.
Awards
Tanti is recipient of prestigious Canada India Foundation(CIF) Chanchlani Global Indian Award(2009)
Tanti was named Champion of the earth by UNEP United Nations Environment Programme for his Entrepreneurial Vision in combating climate change.
Rajiv Gandhi Award 2007 for most successful Industrialist in India.
“Ernst and Young Entrpreneur of the year 2006” by Ernst and Young.
Business Leadership award 2002 by Solar Energy Society of India.
Present Status
Net Worth:US$ 3 billionMarket Cap:10 BillionRanks 368 among the worlds Richest.Orders on hand worth $4.3 billion.Suzlon has operations in 21 countries spread over
6 continents.Personal Stake in Suzlon 27% and 66% of Families.Suzlon is 5th largest producer of turbines,with 10.5
global market share.8th Richest Indian.
Global Presence
Wind Farm in Texas,USA
Wind Farm,South Australia
Wind Farm,Portugal
Suzlons Solar lamp programme in Rajasthan.
Social Cause
Suzlons IBT(Introduction to Basic Technology Prgramme)in Bhule Maharashtra.
Social Cause
Future Prospects
Suzlon is in process of making Asias largest wind power station in Dhule Maharashtra,with production capacity of 1100 mw.
Conclusion
Mr Tanti Drives Suzlon not as Business,but as cause contributing to the world by creating sustainable social,economic and ecological,and using technology to help mitigate the global climate crisis.