Suzlon | TMF Group case study

Suzlon Energy

Wind power solutions provider seeks partner with local compliance expertise

Suzlon, a leading wind power solutions provider, looked to TMF Group to ensure local compliance as it entered two new markets.

Services for: Accounting, Corporate Secretarial and HR and Payroll

Provided in: Bulgaria, Italy, Romania, and the UK

Suzlon is a leading wind turbine manufacturer with a global presence in more than 17 countries and a dynamic workforce of over 6,900 employees. While setting up operations in Bulgaria and Romania, the company realised they needed a partner with knowledge of the local legislation, who could ensure they were able to do business.

Thomas Bregenov, OMS Controller for Suzlon said: “We needed help to establish in both countries but didn’t feel it was necessary to hire somebody in-house. A contract with TMF Group gave us a more flexible way to be present, and conveniently they were able to work with us in both jurisdictions.

“As well as assisting us with accounting, payroll and the setting up of agreements, TMF Group was able to help us recruit resources for one particular project. Five years on we are still using the agreements that were originally executed in both Romania and Bulgaria.

“We receive a range of services from TMF Group and if we ever have questions we use their experts to guide us. We feel that all of our compliance requirements are being met and that as a company, we are being provided with accurate information.”

TMF Group is currently providing Accounting, Human Resources and Payroll services to Suzlon in Romania and Bulgaria. We also provide Accounting and Corporate Secretarial services to Suzlon in Italy and in the UK.

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