Corporate overview

Exploring Thermax at a Glance

Headquartered 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.

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Indian Subsidiaries

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Manufacturing Facilities
(10 in India and 4 overseas)

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International Subsidiaries

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Sales and Service Presence

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Permanent Employees Including Workforce, Globally

Key Highlights of FY 2023-24

Recorded a consolidated revenue of Rs. 9,323 crore in FY 2024, up by 15% compared to Rs. 8,090 crore in FY 2023. Consolidated Profit After Tax (PAT) stood at Rs. 643 crore, up by 43% compared to Rs. 451 crore in the previous year. Order booking for the year at a consolidated level stood at Rs. 9,355 crore, up by 6% compared to Rs. 8,788 crore in FY 2023.
For over 50 years, Thermax has been a pioneer in delivering innovative energy solutions. Recognising the global imperative for industrial decarbonisation, and our ability to play a significant role in facilitating this transition, we repositioned ourselves as a ‘Trusted Partner in Energy Transition’ in June 2023.
Received the prestigious IMD Global Family Business Award 2023 at the 32^nd Family Business Network (FBN) Global Summit held in Paris, France. Chosen amongst leading family businesses worldwide, this accolade underscores Thermax’s excellence as a family enterprise not just in India but also as a benchmark globally.⠀
Thermax’s subsidiary, Thermax Babcock and Wilcox Energy Solutions Limited (TBWES), shipped out its first consignment consisting of a fleet of 17 assembled modules for a leading waste to energy technology OEM (original equipment manufacturer) in Europe, which is a part of a prestigious waste to energy project in the United Kingdom.

Thermax’s Business Philosophy