64-year-old entrepreneur They have children Nidhi Tanti and Pranav Tanti from Rajkot. He operates his business from Ahmedabad and has settled in Pune since 2004.
“With deepest sorrow, we would like to present to you on 1st October 2022, the founder, chairman and managing director of Suzlon Energy Limited, and one of the promoters, Tulsi R. Let us inform you about the untimely demise of Tanti. Mr. Tanti suffered a cardiac arrest and passed away on the same day,” the renewable energy major said in its stock exchange filing.
A source close to the development said, “He suffered a heart attack soon after landing in Pune and passed away the same day.”
Suzlon Group and Suzlon Energy Ltd. have suffered a major setback with the death of Tanti. He was in Ahmedabad on Saturday at a media briefing to announce the opening of the company’s Rs 1,200-crore rights issue on October 11. “Suzlon Energy plans to repay its debt and reduce its interest liabilities by using the fund to meet its working capital requirements and deploy the rest of the fund for corporate needs,” Tanti told the media. Told.
Reiterating India’s clean energy commitments, Tanti highlighted the importance of reducing India’s energy import dependence. “The right time to do business in the renewable segment is now. We came two decades ago,” Tanti quipped while interacting with the media just hours before she passed away.
One of the pioneers of the wind power business in India, and a globally renowned expert on clean energy, Tanti visualized the opportunity in the Indian renewable energy industry in 1995, at a time when the global wind energy market was dominated by international players.
Under his leadership, Suzlon Energy is now the largest wind power company in the country with a 33% market share in India and 19.4 gigawatts (GW) of cumulative installed wind power capacity with a presence in 17 countries.
Tulsi Tanti is also the President of the Indian Wind Turbine Manufacturers Association (IWTMA) and a member of the Board of Management of TERI University, Delhi.
Tanti has been conferred with honors like ‘Champion of the Earth’ by whom? United Nations Environment Programme (UNEP) in 2009; ‘Environmental Hero’ 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’ Prize‘ Chanchalani Global Indian Award by the Canada India Foundation by the World Wind Energy Association and the Global New Energy Business Leader Award by China Energy, among other honours.