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02 September 2008
Tulsi Tanti - Fobs - The World's Indian Billionaires
#368 Tulsi Tanti
Fortune: self made
Source: wind energy
Net Worth: $3.0 bil
Country Of Citizenship: India
Residence: Pune , India.
Marital Status: married, 2 children
Education: Pace University New York
India's wind man runs Suzlon Energy, world's most valuable wind power company, which he founded with three brothers in 1995. Family controls 66% of the company; Tanti's personal stake is 27%. Last year won hotly contested race to acquire German rival REpower, beating out France's Areva. Company recently sold shares to new investors raising $552 million to finance the acquisition. Earlier, in October, Hansen Transmissions, Suzlon's Belgian subsidiary, was listed on the London Stock Exchange. Has orders on hand worth $4.3 billion.