Tulsi R Tanti, the founder, the chairman and managing director, and one of the promoters of Suzlon Energy, has died at the age of 64. He suffered a cardiac arrest on October 1 and passed away the same day. The company confirmed the development in an exchange filing.
“In this difficult time, the Company continues to be supported by its highly experienced board of directors and senior management who are both able and committed to take Shri Tanti’s legacy forward and realise his vision for the Company,” Suzlon Energy said.
The driving force behind Suzlon’s growth since its establishment in 1995, Tanti’s vision and strategic acumen has transformed Suzlon and made it a global powerhouse in the energy sector. A world-renowned expert on renewable energy, Tanti is credited with the establishment of the renewable market in India.
He has been conferred with numerous awards including ‘Champion of the Earth’ by the UN and ‘Hero of the Environment’ by TIME magazine. Tanti did a Bachelor in Commerce and a Diploma in Mechanical Engineering.
Prime Minister Narendra Modi remembered him as “a pioneering business leader” who contributed to India’s economic progress and strengthened our nation’s efforts to further sustainable development. “Pained by his untimely demise. Condolences to his family and friends. Om Shanti,” PM Modi said in a tweet.
Suzlon Group is among the world’s leading renewable energy solutions provider with a presence in 17 countries across Asia, Australia, Europe, Africa and the Americas. The company is powering a greener tomorrow with its strong competencies in renewable energy systems.
The shares closed nearly 3 per cent up at Rs 8.70 on friday.