March 30, 2012

Suzlon Group re-organizes finance function: Kirti Vagadia assumes CFO responsibilities, replacing Robin Banerjee who leaves the company for a new position

Pune: Suzlon Group today announced that Kirti Vagadia is assuming full CFO responsibilities as
Robin Banerjee leaves the company to take up a new position outside the Group.

Suzlon Group's Chairman, Tulsi Tanti, said: "Kirti Vagadia has been overseeing this function at a
Group level, so as we look to streamline our finance department infrastructure, it makes perfect
sense for Kirti to assume this additional role. Kirti has worked closely with me for many years
now and I am confident this will be a seamless transition and he will take our finance function to
the next level.

"We are grateful to Robin for his hard work, particularly in refinancing the company a couple of
years ago and also in securing our enhanced working capital facilities; Robin leaves with our best

Out-going CFO Robin Banerjee said: "It has been a privilege to work on what I believe will be
seen, in time, as a great corporate turnaround. Tulsi Tanti is a man of great vision, and to have
had an exciting role turning aspects of that vision into reality has been a great experience for

Kirti Vagadia, a chartered accountant with over 23 years’ experience including 16 years in the
wind sector. He carries rich experience and expertise in the capital markets, M&A, finance and

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