Wind turbine maker Suzlon has appointed Rohit Modi as CEO for India and emerging Markets, according to a company statement. In his new role, Modi will focus on driving business growth in India, as well as in key emerging markets including Brazil, China and South Africa.
This marks his return to Suzlon after spending 27 years in various central and state government services, and a number of infrastructure firms.
After his post-graduation in Economics from Delhi School of Economics, Modi went on to join the Indian Administrative Service in 1985, working with the central government besides the state administration of Manipur. He had also worked for Tamil Nadu Road Development Company, Road Infrastructure Development Company of Rajasthan, Mahindra Industrial Park, Larsen &Toubro and IL&FS. In his last assignment, he was the deputy managing director at Gammon India Ltd.
Speaking about his new role, Modi said, “Emerging markets like India, Brazil and South Africa represent the largest growth in demand for power in the years to come, and have the greatest need for sustainable, cost-effective sources like the wind power. I believe the Suzlon Group is ideally positioned to take advantage of this opportunity and I am looking forward to this challenging new assignment.”
Tulsi Tanti, chairman of Suzlon, said, “Rohit played a key role in driving the growth for our India business unit in his earlier stint with the group. I am sure that in this challenging environment, he will add value to the company and all its stakeholders.”
Suzlon lost its COO Sumant Sinha two years ago, who went on to float his own renewable energy venture ReNew Wind Power Pvt Ltd, and last year raised Rs 1,000 crore from Goldman Sachs in private equity funding.
(Edited by Sanghamitra Mandal)