About Thermax
Thermax is a company based in Pune (India) founded in 1966 by Meher Pudumjee. The company has 27,280 employees as of March 31, 2024. Thermax has completed 5 acquisitions, including BuildTech Products, Danstoker and ExactSpace. Thermax offers products and services including Boilers & Heaters, Water & Waste Solutions, Air Pollution Control, and Absorption Cooling. Thermax operates in a competitive market with competitors including Daikin, Mitsubishi Electric, nVent, Belimo and SPX Corporation, among others.
- Headquarter Pune, India
- Employees 27280 as on 31 Mar, 2024
- Founders Meher Pudumjee
- Stage Public
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Sectors
Energy & UtilitiesEnvironment
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Email
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Phone
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Website
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Social
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- Legal Name Thermax Limited.
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Annual Revenue
$1.2 B (USD)10.93as on Mar 31, 2025
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Net Profit
$74.21 M (USD)-1.68as on Mar 31, 2025
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EBITDA
$104.99 M (USD)10.41as on Mar 31, 2025
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Latest Funding Round
$15 M (USD), Post-IPO
Jun 01, 2008
- Investors
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Employee Count
27280
as on Mar 31, 2024
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Investments & Acquisitions
BuildTech Products
& 4 more
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IPO & Listings of Thermax
Thermax is a publicly listed company on the NSE with ticker symbol THERMAX in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Thermax
Thermax offers a comprehensive portfolio of products and services, including Boilers & Heaters, Water & Waste Solutions, Air Pollution Control, and Absorption Cooling.
Systems for steam generation and process heating needs
Treatment systems for industrial water and effluent
Systems to manage particulate and gaseous emissions
Energy-efficient chillers for industrial cooling
People of Thermax
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Funding Insights of Thermax
Investors in Thermax
Thermax has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Elevation Capital.
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Elevation Capital is focused on early-stage tech investments in India.
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Investor details for Thermax
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Thermax
Thermax has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include BuildTech Products, Danstoker and ExactSpace.
Investment portfolio details for Thermax
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Developer of online predictive maintenance solutions for manufacturing
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Biomass-based stoves are manufactured by First Energy.
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High purity water and process solutions are provided for pharma and biotech industries by TSA.
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Locked | Locked | 2004 | Locked |
Complete acquisition details for Thermax
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Thermax
Detailed financials for Thermax
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Thermax Comparisons
Peer comparison for Thermax
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- Named peers
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Competitors of Thermax
Thermax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Daikin, Mitsubishi Electric, nVent, Belimo and SPX Corporation, among others.
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Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment
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Industrial automation, power systems, and semiconductors are manufactured globally.
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Provider of electric heat solution products to industries
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Control systems for heating, ventilation, and air conditioning are provided.
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Engineered products for HVAC and detection markets are supplied.
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Industrial refrigeration systems and related products are manufactured.
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Detailed competitors of Thermax
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Latest news on Thermax
Complete news archive for Thermax
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Thermax
Thermax was founded in 1966 and raised its 1st funding round 42 years after it was founded.
Thermax is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ashish Bhandari is the current CEO of Thermax.
As of Mar 31, 2024, the latest employee count at Thermax is 27,280.
Annual revenue of Thermax is $1.2B as on Mar 31, 2025.
Energy and environmental solutions are provided for industrial sectors.
Thermax's top competitors include Daikin, Mitsubishi Electric and Belimo.
Thermax offers Boilers & Heaters, Water & Waste Solutions, Air Pollution Control, and Absorption Cooling.
Yes, Thermax is publicly traded on NSE under the ticker symbol THERMAX.
Thermax has made 5 acquisitions, including BuildTech Products, Danstoker, and ExactSpace.
Thermax has 1 investor. Key investors include Elevation Capital.
The ticker symbol of Thermax is THERMAX on NSE.