Thermax Ltd - Company Profile
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Thermax Ltd (Thermax) a subsidiary of RDA Holdings Private Limited, is an engineering company that provides sustainable solutions in energy and environment. The company's main activities include designing, building, and commissioning large boilers for steam and power generation, as well as turnkey power plants and industrial and municipal wastewater treatment plants Thermax offers products for heating, cooling, water and waste management, and specialty chemicals. Thermax operates globally through an extensive sales and service network, supporting customers across Asia, Southeast Asia, the Middle East, Africa, Europe, and the Americas. Thermax is headquartered in Pune, Maharashtra, India.
Headquarters
India
Address
Thermax House, 14 Mumbai-Pune Road, Wakdewadi, Maharashtra, 411003
Website
www.thermaxglobal.com
Telephone
91 20 25542122
No of Employees
5,832
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
THERMAX (NSE)
Revenue (2025)
$1.2B
3.1%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
13.6%
(2025 vs 2024)
Market Cap*
$3.9B
Net Profit Margin (2025)
XYZ
10.1%
(2025 vs 2024)
* As of and is in US$
Thermax Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Boilers & Fired Heaters: | EPC Solutions |
| Atmospheric Fluidised Bed | Solar Energy Services |
| Combustion Boilers | Specialised Service Solution |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In April, the company increased its stake to 51% in Exactspace Technologies Private Limited. |
| 2026 | Contracts/Agreements | In March, the company's subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), secured a boiler package supply order worth approximately INR16,000 million from a thermal power projects company in Central India. |
| 2026 | Contracts/Agreements | In January, the company signed an MoU with Hindustan Petroleum Corporation Limited (HPCL) to strategically collaborate on advancing sustainable energy solutions, focusing on green hydrogen, carbon capture, and bio-based fuels |
Competitor Comparison
| Key Parameters | Thermax Ltd | Larsen & Toubro Ltd | Bharat Heavy Electricals Ltd | Siemens Ltd | ISGEC Heavy Engineering Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Pune | Mumbai | New Delhi | Mumbai | Noida |
| State/Province | Maharashtra | Maharashtra | Delhi | Maharashtra | Uttar Pradesh |
| No. of Employees | 5,832 | 55,662 | 39,784 | 6,346 | 2,970 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ashish Bhandari | Chief Executive Officer; Managing Director | Executive Board | 2020 | 55 |
| Meher Pudumjee | Chairperson | Executive Board | 2004 | 59 |
| Rajendran Arunachalam | Executive Vice President; Chief Financial Officer | Senior Management | 2019 | - |
| Dr. Santanu Chaudhuri | Executive Vice President; Chief Technology Officer | Senior Management | 2024 | - |
| Kavita Singh | Chief Human Resources Officer; Executive Vice President | Senior Management | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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