About Thermax Bioenergy Solutions Private Limited
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Thermax Bioenergy Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Thermax Limited.. It operates in the engineering sector. It was incorporated on 12 August 2022.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U40107PN2022PTC213848.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹38 Cr. It is led by directors including Rajendran Arunachalam and Arun Unni.
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S No. 14/D F P No. 32(33) Wakadewadi Mumbai – Pune Road, Maharashtra, India – 411003.
As per the financials filed for FY 2025, the company reported a revenue of ₹571.51 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net loss of ₹95.34 Cr (net margin -16.7%) and EBITDA of -₹92.27 Cr (EBITDA margin -16.1%).
The company has about 120 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹269 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in July 2024. The company has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 196 overdue payments to 43 micro and small suppliers.
For more details, the company can be reached via its website thermaxglobal.com.
Company details
Contact details
Thermax Bioenergy Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is thermaxglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS No. 14/D F P No. 32(33) Wakadewadi Mumbai – Pune Road, Maharashtra, India – 411003
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Thermax Bioenergy Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Thermax Bioenergy Solutions is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Thermax Bioenergy Solutions Private Limited, buy the company report.
Financials of Thermax Bioenergy Solutions Private Limited
FY 2025 filings availableThermax Bioenergy Solutions Private Limited reported revenue of ₹571.51 Cr (up 116% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 116% in the latest year. EBITDA fell 495% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| Total Expenses | |||
| EBITDA | -₹92.27 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹95.34 Cr | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -16.1% | ||
| Net Profit Margin | -16.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Thermax Bioenergy Solutions Private Limited, buy the company report.
Board of directors and KMP of Thermax Bioenergy Solutions Private Limited
Thermax Bioenergy Solutions Private Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deodatta Vinayak Deshpande Also directs: Enernxt Private Limited | Ceo | 23 Aug 2022 | 4 Years 2 Months | Current |
| Rajendran Arunachalam | Director | 10 Oct 2022 | 4 Years 0 Months | Current |
| Vasundhara Sen | Additional Director | 26 Sep 2025 | 1 Years 1 Months | Current |
| Arun Unni | Director | 27 Nov 2024 | 1 Years 11 Months | Current |
| Rajan Nair | Director | 23 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Thermax Bioenergy Solutions Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Thermax Bioenergy Solutions Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thermax Bioenergy Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2024 | 100927465 | Axis Bank Limited | ₹72 Cr | Open | |
| 03 Nov 2023 | 100829646 | Others | ₹97 Cr | Open | |
| 06 Jul 2023 | 100742646 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open |
To see the full charge records of Thermax Bioenergy Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Thermax Bioenergy Solutions Private Limited has 1 deal on record (1 rights issue); the latest was in July 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Rights issue | ₹33 Cr | Investors: Thermax Limited. , EverSource Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thermax Bioenergy Solutions Private Limited has 2 court cases on record: 2 filed by Thermax Bioenergy Solutions. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against an individual | Disposed |
To see the full case history of Thermax Bioenergy Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Thermax Bioenergy Solutions Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 196 overdue payments to 43 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pihu Engineering Works | |||
| Karan Tour Travels | |||
| an individual supplier | |||
| Quality Evaluation and Systems Team Private Limited |
To see the full MSME payment records of Thermax Bioenergy Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Thermax Bioenergy Solutions Private Limited has a workforce of 120 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Thermax Bioenergy Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Thermax Bioenergy Solutions Private Limited has 22 board changes on record since 2022: 13 appointments and 9 cessations. The latest: Kirtiraj Rajendra Jilkar ceased to be Director on 18 Nov 2025.
19 earlier events are in the company report.
News
Frequently asked questions
Thermax Bioenergy Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in the engineering industry. It was incorporated on 12 August 2022 (4+ years old) and is registered under CIN U40107PN2022PTC213848.
Thermax Bioenergy Solutions has 5 current directors and KMP:
- Rajendran Arunachalam - Director
- Vasundhara Sen - Additional Director
- Arun Unni - Director
- Rajan Nair - Director
- Deodatta Vinayak Deshpande - Ceo
The latest financial statements of Thermax Bioenergy Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Thermax Bioenergy Solutions is U40107PN2022PTC213848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermax Bioenergy Solutions has 2 court cases on record: 2 filed by the company. 1 is pending.
Thermax Bioenergy Solutions was incorporated on 12 August 2022, making it 4+ years old. It is registered with the Registrar of Companies, Pune.
Thermax Bioenergy Solutions has 1 deal on record (1 rights issue); the latest was in July 2024.
Kirtiraj Rajendra Jilkar ceased to be Director on 18 Nov 2025. Mahesh Channakeshaviah Bukinkere ceased to be Director on 18 Nov 2025. Vasundhara Sen was appointed as Additional Director on 26 Sep 2025. Thermax Bioenergy Solutions has 22 board changes on record in total.
Thermax Bioenergy Solutions has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 196 overdue payments to 43 micro and small suppliers. The latest return was filed on 17 Oct 2023.
Thermax Bioenergy Solutions can be reached through the website thermaxglobal.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Thermax Bioenergy Solutions is at S No. 14D F P No. 3233 Wakadewadi Mumbai – Pune Road, Maharashtra, India – 411003.
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