The global commitment to sustainability, rapid technology advancement and growing environmental concerns have occasioned a paradigm shift in the energy landscape.
Read MoreHeadquartered in Pune, Thermax Limited (NSE: THERMAX) was incorporated in 1980. Today, we are a leading Company in the energy and environment space and a trusted partner in energy transition. Our extensive portfolio offers solutions in heating, cooling, power generation, water & wastewater treatment & recycling, pollution inhibition, and chemicals, prioritising clean air, energy, and water. Leveraging our longstanding industry partnerships, we ensure a unified energy and environment management experience.
Key Highlights of FY 2023-24
Consolidated
revenue
Consolidated Profit
After Tax (PAT)
Consolidated
order booking
Repositioned as a 'Trusted Partner
in Energy Transition'
Thermax
received
Thermax's subsidiary, TBWES,
shipped its first consignment of
Thermax continues to drive progress in clean air, clean energy, clean water, and the chemical verticals through its engineering and innovation prowess. With energy and environment at the core of our vision, and with climate change increasingly becoming a pressing concern, we have delved internally, to reflect and align ourselves with the changing energy landscape and meet the demands of our customers.”
Meher Pudumjee
Chairperson
“As a Company that has been part of India’s energy spectrum for more than 50 years, Thermax has consistently served as a trusted partner to its customers in fulfilling their energy requirements. Thermax is evolving to become a go-to solutions provider for implementing new-age energy solutions.”
Ashish Bhandari
MD & CEO
Owners & Shareholders
We enhance shareholder value through innovative and sustainable solutions, delivering operational excellence and driving long-term profitability.
Customers
Our customers are at the heart of everything we do. From ideation to execution, we collaborate closely with them to build a portfolio of products and solutions aligned with their evolving needs.
Employees
Our employees are the bedrock of our organisation. We encourage a workplace culture that centres on inclusivity, collaboration, and continuous learning.
Vendors and Business Partners
Our channel partners play a pivotal role in helping us achieve our vision.
Communities and Academic Groups
Thermax Foundation (TF), established in 2007, is the philanthropic arm of Thermax. The Foundation’s core mission is to bridge the educational divide, empowering underprivileged children to break the cycle of poverty and build a brighter future.
Planet
We acknowledge our responsibility of preserving our planet for present and future generations.
Government Authorities
The Government of India plays a pivotal role in shaping the nation’s energy landscape and is keenly driving the transformation towards a sustainable future.
Our strategies are defined by our core values. We prioritise innovation, sustainability, and global expansion, with an emphasis on creating value for our stakeholders while achieving energy efficiency, reducing emissions, and promoting clean energy solutions.
Thermax clinched the coveted ‘Best Business Led by a Woman’ award in the Giga category at the Money control Indian Family Business Awards 2022, held in New Delhi.
Thermax Foundation emerged as a winner among over 120 entries to bag the prestigious Act of Compassion Awards in the ‘Education and Skill Building’ category.
Thermax’s Heating and Chemical businesses achieved Level 3 (Operational Level) in the ‘Total Cost Maturity Model’ at the Confederation of Indian Industry’s Total Cost Management movement. A distinguished jury panel conducted thorough evaluations, affirming the businesses’ commitment to innovative and holistic cost management strategies for sustainable outcomes.
Thermax’s Chemical Procurement Team won the ‘Excellence in Procurement’ honour at the 5th Procurement India Awards. The award emphasises Thermax’s commitment to building sustainable value chains through enduring partnerships with vendors, contractors, and channel associates.
At the 38th Convention of Quality Circle & Allied Concepts Competition organised by Quality Circle Forum of India (QCFI), which took place in Pune, Maharashtra, Thermax’s Projects and Energy Solutions team won the Gold Award for their case study titled ‘Improving Machine Run-Time and Saving Money’. It showcased how Thermax’s recommendation based on Kaizen technique led the customers to achieve a cumulative saving.
Thermax was recognised for outstanding contributions in exports under two categories by the Federation of Indian Export Organisations (FIEO) - Western region at the annual Export Excellence Awards ceremony, which was held on March 25 in Mumbai, Maharashtra.