Suzlon Energy

The Company was incorporated in 1995 by Tulsi Tanti. Tulsi Tanti was
 primarily 
 in the textile business and was introduced to wind energy through a
 wind power 
 project that he had commissioned for his textile factory. The first
 subscribers to 
 the Memorandum were the family members and friends of Tulsi Tanti.
 
 The Company entered into a technical collaboration agreement in 1995
 with a 
 German company, Sudwind GmbH Windkrafttanlagen to source the latest 
 technology for the production of WTGs in India. Sudwind GmbH 
 Windkrafttanlagen was subsequently taken over by Sudwind
 Energiesysteme 
 GmbH (Sudwind).  The parties entered into a fresh agreement dated
 September 
 30, 1996, under which Sudwind proposed to share technical knowhow
 relating to 
 0.27 MW, 0.30 MW, 0.35 MW, 0.60 MW and 0.75 MW WTGs in consideration
 for 
 royalty to be paid on the basis of each WTG sold over the course of
 five years from the
 date of this agreement.
 
 The Company obtained the official non-exclusive, non-transferable
 license for the 
 manufacturing, marketing, dealing and servicing of APX-60 type blades
 from the trustee 
 of  Aerpac B.V upon its liquidation, for consideration of Euro
 200,000 vide an agreement 
 that was entered into between the trustee of Aerpac B.V and the
 Company dated June 
 4, 2001. This license is valid for an indefinite period. The Company
 entered into an 
 agreement dated April 10, 2001 with Enron Wind Rotor Production B.V
 for the
 acquisition of the moulds and the production line and technical
 support and assistance 
 for the production of the rotor blade type APX 60-P in India for
 total consideration of 
 Euro 500,000. Enron has granted these rights for the manufacturing,
 marketing and 
 dealing with the products for an indefinite period. 
 
 The Company introduced the concept of total solutions wherein, in
 addition to the 
 supplies of equipments, the client is offered project execution work
 comprising land 
 acquisition, site development, erection and commissioning, foundation
 and other civil 
 work  and O&M services. These services are offered in conjunction
 with the Associate 
 Companies.
 
 SWSL, a subsidiary of the Company, was incorporated in 1998 with the
 objective of 
 providing O&M for wind power projects set up by the Company. The
 Company has also set 
 up technological development centres in Germany and The Netherlands
 through wholly 
 owned subsidiaries. SEG, incorporated in 2001 and earlier known as AX
 215 
 Verwaltungsgesellschaft mbH became a wholly owned subsidiary of the
 Company in 2002. 
 AERT, a wholly owned subsidiary of AERH, which in turn is a wholly
 owned subsidiary
 of the Company, was incorporated in 2001 to engage in the development
 of technology 
 for rotor blades, a key component of WTGs.
 
 Further, Suzlon Energy A/S, a wholly owned subsidiary of the Company
 was 
 incorporated  in August, 2004 to supervise the international
 marketing activities of the 
 Company. It is proposed  that the entire non-India marketing
 activities of the Company 
 shall be coordinated through  Suzlon Energy A/S. SWECO, now a wholly
 owned 
 subsidiary of the Suzlon Energy A/S, was incorporated in 2001 to
 market, the WTGs
 manufactured by the Company in U.S.A. Further, Suzlon Energy A/S has
 another 
 wholly owned subsidiary, Suzlon Energy Australia Pty Limited, which
 was incorporated in 
 2004 to access the wind energy market in Australia. Suzlon Energy
 B.V. earlier known 
 as AE-Rotor B.V., The Netherlands, a wholly owned subsidiary of AERH,
 which is a 
 wholly owned subsidiary of the Company, was incorporated in 2001 to
 market the rotor 
 blades manufactured by the Company.
 
 Cannon Ball Wind Energy Park-I, LLC (“Cannon Ball”) was incorporated
 as a limited 
 liability company in July, 2002 for the purpose of setting up a wind
 power project in North 
 Dakota, USA. Cannon Ball is a wholly owned subsidiary of SWECO which
 is a subsidiary 
 of Suzlon Energy A/S. Further, a representative office of the Company
 was also set up in 
 China in 2003 to explore the Chinese market.
 
 2007
 
 - Suzlon Energy Limited has has appointed Mr. Andre Horbach as a
 global Chief Executive Officer of the Suzlon group.
 
 -  Suzlon Energy has issued zero-coupon foreign currency convertible
 bonds worth 0 million   to fund its organic growth initiatives.