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
4,437
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
THERMAX (NSE)
Revenue (2024)
$1.2B
11.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-1.7%
(2024 vs 2023)
Market Cap*
$4.8B
Net Profit Margin (2024)
XYZ
-11.7%
(2024 vs 2023)
* As of and is in US$
Thermax Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Boilers & Fired Heaters: | EPC Solutions |
| Atmospheric Fluidised Bed | Solar Energy Services |
| 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. |
| 2025 | Contracts/Agreements | In August, the company signed an agreement with Everenviro Resource Management Private Limited to acquire a 23.03% equity stake in Thermax Bioenergy Solutions Private Limited. |
| 2025 | Contracts/Agreements | In July, First Energy awarded a 51 MW order to Inox Wind to deliver its 3 MW class turbines. |
Competitor Comparison
| Key Parameters | Thermax Ltd | Larsen & Toubro Ltd | Bharat Heavy Electricals Ltd | ABB India Ltd | Kirloskar Brothers Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Pune | Mumbai | New Delhi | Bangalore | Pune |
| State/Province | Maharashtra | Maharashtra | Delhi | Karnataka | Maharashtra |
| No. of Employees | 4,437 | 58,244 | 48,222 | 3,625 | 2,606 |
| 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 |
| Rajendran Arunachalam | Chief Financial Officer | Senior Management | 2019 | - |
| Santanu Chaudhuri | Chief Technology Officer; Executive Vice President | Senior Management | 2024 | - |
| Jasmeet Bhatia | Chief Human Resources Officer; Executive Vice President | Senior Management | 2020 | - |
| Meher Pudumjee | Chairman | Non Executive Board | 2004 | 59 |
| 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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