Suzlon is a wind energy company based in India. It is one of the largest wind turbine manufacturers in the world and has operations in over 19 countries. The company designs, manufactures, installs, and maintains wind turbine generators (WTGs) for wind power projects. It offers a range of WTG models with capacities ranging from 1.25 megawatts (MW) to 6.15 MW. Suzlon also provides services such as wind resource assessment, site development, project management, and maintenance and repair of wind turbines. In addition to wind energy, the company is also involved in the development of solar energy projects.
It is a privately held company. The company was founded by Tulsi Tanti in 1995, he served as the Chairman and Managing Director of the company until 2012. But as of 2021, it’s major shareholders are:
-Tulsi Tanti and family
-New Silk Route
-CDPQ
-PE investors and financial institutions like Morgan Stanley etc.
Tulsi Tanti and his family hold a large stake in the company. They were the largest shareholders in the company and were heavily involved in its management until they sold a controlling stake of the company to the New Silk Route, a private equity firm, in 2012. However, They still holds a significant stake in the company.
History of Suzlon
Suzlon Energy Limited was founded in 1995 by Tulsi Tanti in the state of Gujarat, India. The company began as a small operation with just a few employees, but it quickly grew to become one of the largest wind turbine manufacturers in the world.
In the early years, Suzlon focused on the design, development, and manufacture of wind turbines. The company’s first wind turbine, the S11, was launched in 2000 and had a capacity of 600 kilowatts (KW). In the following years, Suzlon continued to develop and launch new wind turbine models, including the S88 and the S97, which had capacities of 1.5 MW and 2.1 MW, respectively.
In 2005, Suzlon became the first Indian wind energy company to go public when it listed on the Bombay Stock Exchange and the National Stock Exchange of India. The company’s initial public offering (IPO) was well-received and raised more than $400 million in funds.
In the following years, Suzlon continued to expand its operations both in India and internationally. The company established manufacturing facilities in China, the Netherlands, and the United States and also expanded its presence in other countries like Brazil, Australia and Germany.
By 2008, Suzlon had become one of the top three wind turbine manufacturers in the world and had a presence in over 19 countries. However, the company faced financial difficulties due to the global financial crisis of 2008 and the subsequent recession. In 2012, a controlling stake in the company was sold to the New Silk Route, a private equity firm. After that the company started to recover from the financial crisis and increased the sales of the turbines and its market share.
However, currently Suzlon is still facing challenges, their debt level is high and struggling to make profit. Despite this, Suzlon has remained one of the leading wind energy companies in the world and has made significant contributions to the growth and development of the wind energy industry in India and worldwide.
Suzlon share price
Suzlon Energy Limited went public in 2005 by listing its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company’s initial public offering (IPO) was well-received and raised more than $400 million in funds.
After the listing, the shares of Suzlon Energy Limited performed well initially. The shares of the company had a steady increase in value and reached its all-time high in 2007, at a price of around INR 400 per share. This was mainly due to the company’s strong financial performance and the growing demand for wind energy around the world.
However, the global financial crisis of 2008 and the subsequent recession had a significant impact on the company’s shares. The shares of Suzlon Energy Limited declined sharply and reached its all-time low in 2009 at INR 15 per share. This was due to the company’s heavy debt levels, and the decreased demand for wind energy caused by the economic downturn.
The shares of the company remained stable at a low level for some time before rebounding in the mid of 2010, but still nowhere near its all-time high. After that, the share prices went through a roller coaster ride, with ups and downs, reflecting the company’s financial performance, but overall the trend has been downwards.
As of 2022, the shares of Suzlon Energy Limited are trading at around INR 5 per share and the company has been struggling to make a profit. As the company is facing difficulties and also the industry is facing headwinds and uncertainty, it’s hard to predict the future performance of Suzlon shares. Currently, Suzlon share prices are at INR 10.05 (as of 10th Jan 2023)
To know the latest Suzlon share price, click here.
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