Thermax Engineering Construction Company Limited - Company Profile

It is a engineering public limited company based in Pune, Maharashtra, India, established in 1991.

1991 Pune, Maharashtra, India Active

Last Updated: December 20, 2025

About Thermax Engineering Construction Company Limited

Thermax Engineering Construction Company Limited, a active public limited company, was established on 14 August 1991 in Pune, Maharashtra, India. Engaging in procurement & construction (epc) within the construction sector, it holds CIN: U29246MH1991PLC062959. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹4.50 Cr.

It upholds a compliant status. Its leadership includes Sandeep Prabhakar Deshpande (Director), Rajesh Channakeshaviah Bukinkere (Director), Pravin Damodar Karve (Director). Past directors included Meher Pheroz Pudumjee, Arnavaz Rohinton Aga, Prakash Manohar Kulkarni. It holds no open charges and ₹8.00 Cr settled loans. Its latest AGM occurred on 21 July 2025, with the balance sheet filed on 31 March 2025. It is based at Thermax House 14, Mumbai-Pune Road, Wakdewadi, Pune, Maharashtra, 411003.

Company Details

CIN/LLPIN
U29246MH1991PLC062959
Registration Number
062959
Incorporation Date
14 August 1991
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹4.50 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 20-12-2025
Paid Up Capital ₹ 4.50 Cr as on 20-12-2025
Company Age 34 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 8.00 Cr as on 20-12-2025
Revenue Growth **** -13.67% (FY 2023)
Profit Growth **** 16.78% (FY 2023)
Ebitda **** -55.69% (FY 2023)
Net Worth 16.60% (FY 2023)
Total Assets -8.68% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Thermax Engineering Construction Company Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Thermax Engineering Construction Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sandeep Prabhakar Deshpande	Director	20 Mar 2025	Current
Rajesh Channakeshaviah Bukinkere	Director	01 Feb 2024	Current
Pravin Damodar Karve	Director	16 Oct 2013	Current
Niranjan Manohar Pawgi	Additional Director	29 Jul 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	13 Jul 2007	Past
Pramod Abcsdd	Director	13 Jul 2007	Past
Pramod Abcsdd	Director	30 Jun 2007	Past
Pramod Abcsdd	Chief Executive Officer	-	Past
Pramod Abcsdd	Director	15 Jan 2020	Past
Pramod Abcsdd	Additional Director	13 Sep 2022	Past

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Financial Performance of Thermax Engineering Construction Company.

Thermax Engineering Construction Company Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.67% decrease. The company also saw a substantial improvement in profitability, with a 16.78% increase in profit. The company's net worth Soared by an impressive increase of 16.6%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-13.67%

*******

Revenue from Operations

*******

-92.27%

*******

Total Assets

*******

-8.68%

*******

Profit or Loss

*******

16.78%

*******

Net Worth

*******

16.60%

*******

EBITDA

*******

-55.69%

*******

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What is the Ownership and Shareholding Structure of Thermax Engineering Construction Company?

In 2022, Thermax Engineering Construction Company had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹80,000,000.00

Charges Breakdown by Lending Institutions

Union Bank Of India Limited : 7.00 Cr
Oriental Bank Of Commerce : 1.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
21 Jul 2011	Union Bank Of India Limited	₹7.00 Cr	Satisfied
13 Apr 1999	Oriental Bank Of Commerce	₹1.00 Cr	Satisfied

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How Many Employees Work at Thermax Engineering Construction Company?

Unlock and access historical data on people associated with Thermax Engineering Construction Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Thermax Engineering Construction Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Thermax Engineering Construction Company's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Thermax Engineering Construction Company

Recent Activity within the Organization

Director Appointment

Niranjan Manohar Pawgi was appointed as a Additional Director was appointed as a Additional Director on 29 Jul 2025 & has been associated with this company since 6 months 16 days . was recorded as a recent event.
29 Jul 2025
Annual General Meeting

Progress on Thermax Engineering Construction Company Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records. was documented.
21 Jul 2025
Balance Sheet

The activity Thermax Engineering Construction Company Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune. was completed.
31 Mar 2025
Director Appointment

Sandeep Prabhakar Deshpande was appointed as a Director was appointed as a Director on 20 Mar 2025 & has been associated with this company since 10 months 24 days . was recorded as a recent event.
20 Mar 2025
Director Appointment

Progress on Rajesh Channakeshaviah Bukinkere was appointed as a Director was appointed as a Director on 01 Feb 2024 & has been associated with this company since 2 years 11 days . was documented.
01 Feb 2024
Charges

The activity A charge registered on 21 Jul 2011 via Charge ID 10300798 with Union Bank Of India Limited was fully satisfied on 07 May 2022. was completed.
07 May 2022

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