Thermax
Indian multinational engineering company
title: "Thermax" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["heating,-ventilation,-and-air-conditioning-companies", "manufacturing-companies-established-in-1980", "manufacturing-companies-based-in-pune", "multinational-companies-headquartered-in-india", "engineering-companies-of-india", "indian-brands", "indian-companies-established-in-1980", "1980-establishments-in-maharashtra", "companies-listed-on-the-national-stock-exchange-of-india", "companies-listed-on-the-bombay-stock-exchange"] description: "Indian multinational engineering company" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/Thermax" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Indian multinational engineering company ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Thermax |
| logo | Thermax logo.svg |
| logo_size | 120px |
| type | Public |
| traded_as | {{plainlist |
| ISIN | INE152A01029 |
| industry | Conglomerate |
| foundation | |
| location | Pune, Maharashtra |
| location_country | India |
| area_served | Worldwide |
| key_people | {{plainlist |
| products | Integrated products in the areas of clean air, clean energy, clean water and chemicals. |
| revenue | (2024) |
| profit | (2021) |
| assets | (2021) |
| equity | (2021) |
| homepage | |
| :: |
| name = Thermax | logo = Thermax logo.svg | logo_size = 120px | type = Public | traded_as = {{plainlist|
- }} | ISIN = INE152A01029 | industry = Conglomerate | foundation = | location = Pune, Maharashtra | location_country = India | area_served = Worldwide | key_people = {{plainlist|
- Meher Pudumjee (Chairperson)
- Ashish Bhandari (MD)}} | products = Integrated products in the areas of clean air, clean energy, clean water and chemicals. | revenue = (2024) | profit = (2021) | assets = (2021) | equity = (2021) | num_employees = | homepage =
Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.
History
Thermax was founded by A. S. Bhathena in 1966 as Wanson India Ltd, manufacturing package boilers. The company subsequently began manufacturing equipment related to cogeneration, air pollution control, water treatment and absorption refrigeration among others.
In 1981, Bhathena was succeeded by his son-in-law Rohinton Aga as chairman. In February 1995, the company went public and listed on the Bombay Stock Exchange. After Aga's death in 1996, his wife Anu Aga took over the operations.
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.
References
References
- (2002). "Managing Radical Change: What Indian Companies Must Do to Become World-class". Penguin Books India.
- "Thermax Limited". CRISIL.
- "Thermax Ltd". The Times of India.
- (28 April 2025). "Thermax's big test: Can its energy transition bets revive investor confidence?". Mint.
- (2009-08-26). "Thermax-SPX JV to have combined investment of 250 mln". Reuters.
- (2009-08-26). "Thermax in JV with U.S. firm SPX". Reuters.
- (2010-03-10). "Thermax in JV with Babcock & Wilcox". Business Standard India.
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