About Thermal Solutions Manufacturing
Thermal Solutions Manufacturing is a company based in Bengaluru (India) founded in 1915 was acquired by Altus Capital Partners in March 2019. It operates as a Reseller / Distribution, and B2B2C. Thermal Solutions Manufacturing has raised $3.85 million across 3 funding rounds from investors including Altus Capital Partners, Wynnchurch Capital and National Science Foundation. Thermal Solutions Manufacturing has completed 3 acquisitions, including Ankle, Champ Products and R&D Enterprises. Thermal Solutions Manufacturing offers products and services including Truck Tough® Radiators, TSM Champ Marine Coolers, and Heavy Duty Radiators.
- Headquarter Bengaluru, India
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Thermal Solutions Manufacturing
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.85 M (USD)
in 3 rounds
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Latest Funding Round
$600 K (USD), Series A
Aug 01, 2012
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Investors
Altus Capital Partners
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ankle
& 2 more
- Acquired by
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Products & Services of Thermal Solutions Manufacturing
Thermal Solutions Manufacturing offers a comprehensive portfolio of products and services, including Truck Tough® Radiators, TSM Champ Marine Coolers, and Heavy Duty Radiators. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Radiators for trucks are built for durability and reliability.
Marine coolers are designed for performance and long life.
Industrial radiators are crafted for heavy machinery durability needs.
Unlock access to complete
Funding Insights of Thermal Solutions Manufacturing
Thermal Solutions Manufacturing has successfully raised a total of $3.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $600 thousand completed in August 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $600,000
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First Round
First Round
(17 Feb 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series A - Thermal Solutions Manufacturing | Valuation |
investors |
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| Feb, 2012 | Amount | Series A - Thermal Solutions Manufacturing | Valuation |
investors |
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| Feb, 2009 | Amount | Grant - Thermal Solutions Manufacturing | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thermal Solutions Manufacturing
Thermal Solutions Manufacturing has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Altus Capital Partners, Wynnchurch Capital and National Science Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on defence, aerospace, manufacturing, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm focused on acquisitions
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Founded Year | Domain | Location | |
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Acquisitions are targeted by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thermal Solutions Manufacturing
Thermal Solutions Manufacturing has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ankle, Champ Products and R&D Enterprises. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Tubular heat exchangers are supplied to marine and industrial markets.
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2014 | ||||
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Marine radiators and oil coolers are manufactured along with innovations.
|
2000 | ||||
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Provider of heat exchangers & coolers manufacturing and designing services
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1974 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Thermal Solutions Manufacturing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thermal Solutions Manufacturing Comparisons
Competitors of Thermal Solutions Manufacturing
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thermal Solutions Manufacturing
Frequently Asked Questions about Thermal Solutions Manufacturing
When was Thermal Solutions Manufacturing founded?
Thermal Solutions Manufacturing was founded in 1915 and raised its 1st funding round 94 years after it was founded.
Where is Thermal Solutions Manufacturing located?
Thermal Solutions Manufacturing is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Thermal Solutions Manufacturing?
Ken Robinson is the current CEO of Thermal Solutions Manufacturing.
Is Thermal Solutions Manufacturing a funded company?
Thermal Solutions Manufacturing is a funded company, having raised a total of $3.85M across 3 funding rounds to date. The company's 1st funding round was a Grant of $500K, raised on Feb 17, 2009.
What does Thermal Solutions Manufacturing do?
Thermal Solutions Manufacturing is involved in the production of heat exchange and diesel emissions products for the heavy duty, industrial, and automotive aftermarket sectors. Operations are supported by five plants in North America and a nationwide network of warehouses and branches. Solutions are provided for heavy industrial, class 4-8 trucks, marine, agriculture, mining, automotive, and custom applications. High-quality radiators, marine coolers, and other cooling components are offered with a focus on durability, reliability, and customer service.
What products or services does Thermal Solutions Manufacturing offer?
Thermal Solutions Manufacturing offers Truck Tough® Radiators, TSM Champ Marine Coolers, and Heavy Duty Radiators.
How many acquisitions has Thermal Solutions Manufacturing made?
Thermal Solutions Manufacturing has made 3 acquisitions, including Ankle, Champ Products, and R&D Enterprises.
Who are Thermal Solutions Manufacturing's investors?
Thermal Solutions Manufacturing has 4 investors. Key investors include Altus Capital Partners, Wynnchurch Capital, National Science Foundation, and Resilience Capital Partners.