Mr. Tanti hails from Rajkot in Gujarat. Spurning their father's construction business in Gujarat, Tanti and his three siblings moved into the textile business in the 1980s. Led by Mr. Tulsi Tanti, a Commerce graduate and a diploma holder in mechanical engineering, the brothers began their business lives by setting-up a textiles industry in Surat called Sulzer Synthetics Pvt. Ltd., later changed the name to Suzlon Synthetics Ltd., and, thereafter, to Suzlon Fibres Ltd. They started processing polyester yarn, and then graduated to making furnishing fabrics. But this venture was beset with obstacles and infrastructural bottlenecks. The prominent amongst them was an acute power-shortage owing to frequent outages in the power grid, which so ostensibly led to a huge cost of acquisition and, consequently, hurting the company's finances badly.
Turning adversity into opportunity, and then making good of it to create a multi-billion dollar pan-geographic corporation (operations spread across 14 nations spanning six continents, with its global management headquarters in Amsterdam, the Netherlands; its international marketing headquarters in Aarhus, Denmark. | Birth of the Spark
Since the power shortage and the burgeoning cost of acquisition were denting into the growth prospects of the company, Mr. Tanti was looking for alternatives to meet the energy needs of his company.
One of which was to invest in two windmills in 1990 sourced from Vestas. It is here that Mr. Tanti realized the huge potential of wind energy which eventually led to the formation of Suzlon energy in 1995. With this discovery, and the then bleak prospects of the textile industry, he gradually exited from the textile business. |
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