About Thermistance
Thermistance is a Technology company based in Pune (India) founded in 2020 by Bhimashankar Wangaskar. It offers miniature loop heat pipe technology for electronic cooling solutions. It operates on a B2B model. Thermistance has raised $507.38 thousand across 2 funding rounds from investors including Spectrum Impact, IRMA and Alexander Hogeveen Rutter. The company has 1 employees. Its chief executive, as recorded, is Bhimashankar Wangaskar. Its Indian entity Thermistance Technologies Private Limited reported revenue of ₹22.2 Lakh. Its focus areas include Electronics, Thermal Management and Cooling Solutions.
Company details
Thermistance operates with a B2B model, focusing on leveraging cutting-edge technology, electronics, thermal management, and cooling solutions. Offers miniature loop heat pipe technology for electronic cooling solutions. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Pune, India
- Employees 1
- Founders Bhimashankar Wangaskar
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website thermistance.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Thermistance Technologies Private Limited
- Date of Incorporation 24 May, 2020
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹22.2 Lakh
FY 2025 · -19% YoY
- Net Loss-₹72.9 Lakh
FY 2025 · -328% margin
- EBITDA-₹62.7 Lakh
FY 2025 · -282% margin
- Total Equity Funding$507.38K (USD)
in 2 rounds
- Latest Funding Round$476.84K (USD), Seed
Aug 2024
- InvestorsSpectrum Impact
& 5 more
- Employee Count1
Associated legal entities of Thermistance
Thermistance operates through Thermistance Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Thermistance Technologies Private Limited CIN U28999MH2020PTC339963 | Active | 24 May 2020 | Thane, Maharashtra | ₹0.2 Cr | 2 | View details |
Apps and channels of Thermistance
its YouTube channel Thermistance has 84 subscribers and 30 videos.
Videos from Thermistance
The most watched videos on Thermistance's YouTube channel, Thermistance (84 subscribers). Click a video to play it here.
More on Thermistance.
Funding Insights of Thermistance
Thermistance has successfully raised a total of $507.38K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $476.84 thousand completed in August 2024. 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 $507,383
- Total Rounds 2
- Last Round Seed — $476,843
- First Round $30,540
(Nov 2022)
- Investors Count 6
All 2 funding rounds of Thermistance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $476,843 | Seed | – | Spectrum Impact | |
| Nov 2022 | $30,540 | Angel Round | – | – | – |
6 investors in total: 3 institutional and 3 angel.
Investors in Thermistance
Thermistance has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Spectrum Impact, IRMA and Alexander Hogeveen Rutter.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| spectrum-impact.org | ||||
| sangam.vc | ||||
| irma.ac.in | ||||
AH Alexander Hogeveen Rutter | unknown_f373c01a611a4e9fa | |||
MM Manoj Meena | unknown_30dcc21a4c2f40218 | |||
MR Mridula Ramesh | unknown_0490c65a53c44706b |
Investor details for Thermistance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Thermistance Technologies Private Limited (Thermistance)
Thermistance Technologies Private Limited is the primary company behind Thermistance. The board of Thermistance Technologies Private Limited currently have 2 directors; the longest-serving is Bhimashankar Devling Wangaskar, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhimashankar Devling Wangaskar DIN 08746465 | Director | 24 May 2020 | 6 yrs 5 mo | Thermistance Technologies Private Limited |
| Dhananjay Kishor Gavas DIN 09586275 | Director | 27 Apr 2022 | 4 yrs 6 mo | Thermistance Technologies Private Limited |
People of Thermistance
1 people are tracked at Thermistance (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Thermistance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Thermistance
Figures of Thermistance Technologies Private Limited, the primary company behind Thermistance, for FY 2025. Revenue was ₹22.2 Lakh (-19% year on year). Net loss was -₹72.9 Lakh (-328% margin). EBITDA was -₹62.7 Lakh (-282% margin).
- ₹22.2 LakhRevenue · FY 2025 · -19% YoY
- -₹72.9 LakhNet loss · -328% margin
- -₹62.7 LakhEBITDA · -282% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Thermistance Technologies Private Limited are on its company page.
Detailed financial statements for Thermistance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Thermistance
3 dated milestones of Thermistance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Thermistance is founded.
- Funding First funding round of $31K.
- Funding Latest funding round, Seed, of $477K.
Top companies in Electronic Manufacturing & Components
3 companies that operate in the same segment as Thermistance (Electronic Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of ODM plus solutions for diverse industries | 1990 | Kochi, Kerala, India | USD 119.5 M | USD 347.84 M | 162 | |
Integrated electronics manufacturing and IoT solutions are delivered across industries. | 2008 | Mysuru, Karnataka, India | USD 22.44 M | USD 386.47 M | 587 | |
Electronics manufacturing services are provided for consumer and home products. | 1993 | Noida, Uttar Pradesh, India | USD 9.32 M | USD 5.17 B | 4,447 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Thermistance
Thermistance was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Thermistance is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Bhimashankar Wangaskar is the CEO of Thermistance, as recorded in our data. They have also founded this company.
Thermistance is a funded company, having raised a total of $507.38K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $30.54K, raised on Nov 2022.
Thermistance has 1 employees.
The primary company behind Thermistance, Thermistance Technologies Private Limited, reported revenue of ₹22.2 Lakh for FY 2025, down 19% year on year.
Thermistance operates with a B2B model, focusing on leveraging cutting-edge technology, electronics, thermal management, and cooling solutions. Offers miniature loop heat pipe technology for electronic cooling solutions. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Thermistance has 6 investors. Key investors include Spectrum Impact, IRMA, Alexander Hogeveen Rutter, Manoj Meena, and Mridula Ramesh.
Thermistance operates through Thermistance Technologies Private Limited.
The legal entities of Thermistance currently have 2 directors, including Dhananjay Kishor Gavas, Bhimashankar Devling Wangaskar.