Thermax Ltd - Company Profile
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Thermax Ltd (Thermax) is an engineering company. It provides sustainable solutions for energy and the environment. The company’s systems, products and services assist customers in achieving better resource productivity and improving cost efficiency, besides maintaining a cleaner environment. It offers a portfolio of products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power generation, turnkey power plants, waste heat recovery systems, industrial and municipal wastewater treatment plants, and air pollution control projects. It has operations in Africa, Europe, the Middle East, Asia Pacific, CIS, North America and South America; and manufacturing facilities in Poland, India, Denmark, China, Germany and Indonesia. 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
3,497
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
THERMAX (NSE)
Revenue (2022)
$1.0B
32%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
44.2%
(2022 vs 2021)
Market Cap*
$6.4B
Net Profit Margin (2022)
XYZ
9.2%
(2022 vs 2021)
* As of and is in US$
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 |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In April, the company opened a manufacturing facility in Pune, Maharashtra, India. |
| 2024 | Contracts/Agreements | In February, the company entered into an agreement with Flowtech to acquire the technology for the production of Poly Carboxylate Ether products. |
| 2024 | Contracts/Agreements | In February, Thermax Group entered into an agreement to acquire 51% stake in TSA Process Equipments. |
Competitor Comparison
| Key Parameters | Thermax Ltd | Larsen & Toubro Ltd | Bharat Heavy Electricals Ltd | Kirloskar Brothers Ltd | BGR Energy Systems Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Pune | Mumbai | New Delhi | Pune | Chennai |
| State/Province | Maharashtra | Maharashtra | Delhi | Maharashtra | Tamil Nadu |
| No. of Employees | 3,497 | 49,039 | 29,536 | 2,573 | 1,813 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Meher Pudumjee | Chairman | Executive Board | 2004 | 57 |
| Ashish Bhandari | Chief Executive Officer; Managing Director | Executive Board | 2020 | 52 |
| Rajendran Arunachalam | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | - |
| B.C. Mahesh | Executive Vice President; Head - Industrial Product Business | Senior Management | - | - |
| Pravin Karve | President - TBWES and P&ES | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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