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Vinod Tanti appointed Suzlon Energy CMD for 3 years

The announcement comes at a time Pranav Tanti, son of Tulsi Tanti, is set to make a comeback to Suzlon.

October 07, 2022 / 20:27 IST
Suzlon

Suzlon Energy announced on October 7 that it has appointed Vinod R Tanti as the CMD of the company for three years. Consequent to his appointment as the Managing Director, Vinod R Tanti has resigned as the Wholetime Director and Chief Operating Officer.

The company informed the exchanges that its Board of Directors at a meeting held on October 7 approved the appointment of Tanti as the Chairman and Managing Director with immediate effect for a period of three years.

Vinod Tanti, the brother of the late Tulsi Tanti and the eldest among the remaining siblings, is aged 60 years and is a founding member of Suzlon Energy Limited. He has a Bachelor’s degree in Civil Engineering and an experience of over 34 years, managing various key functions at Suzlon.

Meanwhile, Vinod Tanti’s brother Girish R Tanti has been appointed the Executive Director, designated as the Executive Vice Chairman of the Company with effect from October 7, for a period of three years, i.e., up to October 6, 2025. Aged 52, Girish Tanti is also a founding member of Suzlon Energy Limited. He has a bachelor’s degree in Electronics & Communication Engineering and holds a master’s degree in Business Administration from the UK.

The announcement comes at a time Pranav Tanti, son of Tulsi Tanti -- founder and chairman, Suzlon Energy Ltd -- is set to make a comeback to Suzlon.

The Tanti-led promoter group, which includes members of his family and siblings, collectively hold 14.5 percent in the company after lenders converted part of their loans into equity holding in the company as a part of the debt restructuring in the past.

While Tanti was chairman and managing director– his brothers, Girish and Vinod, are also on the board. Girish Tanti is a non-executive director, while Vinot Tanti is a wholetime director and chief operating officer. Tanti is survived by his wife Gita and children Pranav and Nidhi; none of them is currently actively involved with Suzlon.

Pranav Tanti, after a brief stint with Merril Lynch, worked for Suzlon between 2008 and 2013 and is now based in the US. According to his LinkedIn profile, he is the president at Skeiron Green Energy.

Nidhi Tanti too worked with Suzlon Energy as a business review head from 2014 to 2020. She is president at Svagos Technik and is based in the US.

Moneycontrol was the first to report that the company will make the announcement this week.

Moneycontrol News
first published: Oct 7, 2022 07:39 pm

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