Suzlon is a vertically integrated wind power company. Suzlon delivers end-to-end wind power

solutions from assembly, installation to commissioning.[4]

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

growing wind energy market[citation needed]

. 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

half of the country’s total wind installations[citation needed]

. 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

Suzlon for their wind power projects[citation needed]

. 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

costs of power, the highest business expenditure after the raw materials was electricity.[6]

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

would make.[7]

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

the textile company's energy needs, and founded Suzlon Energy.[8]

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

2008 40-50 Indian banks were financing wind power projects for Suzlon clients.[6]

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

turbines in southwestern Minnesota.[9]

Also in 2003 Suzlon set up an office in Beijing.[6]

Suzlon Rotor Corporation in 2006 began producing the blades in Pipestone, Minnesota in the United

States. Among its clients is Wind Capital Group.[10]

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

and Morgan Stanley as the managers and book runners for the same.[11][12][13]

In January 2011, Suzlon received an order worth $1.28 billion for building 1000MW of wind energy

projects from the Indian branch of the Lord Swaraj Paul-owned Caparo Energy Ltd.[14]

In May 2011, Suzlon announced returning to profitability after the financial crisis of 2009 [15]

In October 2011, Suzlon sold its remaining 26.06% stake in Hansen Transmissions International NV

to ZF Friedrichshafen AG for Rs890Cr ($178 million). [16]

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

procedure by paying EUR 63 Million. [17]