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Tulsi Tanti, the founder and chairman of Indian wind turbine manufacturer Suzlon Energy Ltd died on Saturday at the age of 64, according to the firm. Tanti, the chairman of the Indian Wind Turbine Manufacturers Association, experienced a heart arrest and died the same day, according to the business. His two children survive him.
Tanti “was a pioneering corporate leader who contributed to India’s economic progress and boosted our nation’s efforts to further sustainable development,” stated Indian Prime Minister Narendra Modi in a tweet. Tanti founded Suzlon in 1995 and has pioneered growth in the Indian wind energy sector by advocating for affordable and sustainable energy regulations. The company has a market valuation of $1.1 billion and more than 19.4 GW of installed capacity across 17 nations.
Following a significant drop in opening trades, it later recovered more than 1.5%. In late morning trading, the shares rose 1.63 percent to Rs 8.13. Tulsi Tanti founder and chairman of Suzlon Energy, died last week on Saturday evening due to heart arrest. Tanti’s death comes as Suzlon Energy prepares to launch a Rs 1,200 crore rights offering on October 11.
Tanti was in Ahmedabad on Saturday for a series of meetings related to his company’s upcoming Rs 1,200 rights issuance. He became ill in his automobile on his way home from the Pune airport and died before being taken to the hospital. ‘Pained by his premature death,’ PM Modi expresses condolences to the family of Suzlon founder Tulsi Tanti
With the foundation of Suzlon Energy in 1995, he was generally recognized as the visionary who pioneered the renewables movement in India and championed the wind energy revolution in India. He saw an opportunity in the Indian renewable energy industry at a time when the global wind energy market was controlled by international firms and characterized by costly and difficult technology that was mainly unviable for traditional businesses.
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