About Thermax Foundation
Data last updated:
Thermax Foundation is a private not for profit company based in Pune, Maharashtra, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 26 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U80102PN2007NPL129858.
It was formerly known as Thermax Social Initiative Foundation. It is led by directors including Meher Pheroz Pudumjee and Arnavaz Rohinton Aga.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.76 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Cr (net margin -13.1%) and EBITDA of -₹1.34 Cr (EBITDA margin -11.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermaxglobal.com.
Company details
Contact details
Thermax Foundation'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 AddressThermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003
- IndustryEnvironment, Water Treatment
To see the full contact details of Thermax Foundation, 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
Financials of Thermax Foundation
FY 2025 filings availableThermax Foundation reported revenue of ₹11.76 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 30% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.34 Cr | ||||
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| Net Profit (PAT) | -₹1.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -11.4% | ||||
| Net Profit Margin | -13.1% | ||||
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To see the full financial statements and ratios of Thermax Foundation, buy the company report.
Board of directors of Thermax Foundation
Thermax Foundation has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meher Pheroz Pudumjee Also directs: Mephezalea Asset Services LLP, Thermax Limited., First Energy Private Limited and 3 more | Director | 26 Mar 2007 | 19 Years 7 Months | Current |
| Arnavaz Rohinton Aga | Director | 26 Mar 2007 | 19 Years 7 Months | Current |
| Ashish Bhandari Also directs: Thermax Limited., First Energy Private Limited, Thermax Babcock & Wilcox Energy Solutions Limited and 1 more | Director | 10 Jun 2021 | 5 Years 5 Months | Current |
| Joseph Cubas | Director | 09 Dec 2017 | 8 Years 11 Months | Current |
Peer comparison
Thermax Foundation is compared with the 10 companies closest to it by revenue in the Cleantech industry (Water and Wastewater Treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tecton Eagle India Private Limited | ₹12.11 Cr (FY 2025) | -30.0% | Ulhasnagar, Maharashtra, India | |||
| Ingeo Contractor Private Limited | ₹12.09 Cr (FY 2023) | -26.0% | Indore, Madhya Pradesh, India | |||
| Electrowater Technologies Private Limited | ₹12.06 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Distromed Bio Clean Private Limited | ₹11.88 Cr (FY 2025) | 12.0% | Rajkot, Gujarat, India | |||
| Adedge India Water Technologies Private Limited | ₹11.79 Cr (FY 2024) | 152.0% | Gurgaon, Haryana, India | |||
| Thermax Foundationthis company | ₹11.76 Cr (FY 2025) | -₹1.55 Cr | -13.1% | 30.0% | 3 | Pune, Maharashtra, India |
| Eesavyasa Technologies Private Limited | ₹11.74 Cr (FY 2024) | -15.0% | Hyderabad, Telangana, India | |||
| Aryan Enviro Tech Private Limited | ₹11.74 Cr (FY 2024) | 162.0% | Lucknow, Uttar Pradesh, India | |||
| Acer Engineers Private Limited | ₹11.67 Cr (FY 2024) | 1.0% | Hyderabad, Telangana, India | |||
| Nandesari Environment Controls Limited | ₹11.64 Cr (FY 2025) | -9.0% | Vadodara, Gujarat, India | |||
| Harambh Chemicals Private Limited | ₹11.63 Cr (FY 2024) | 138.0% | Uttar Pradesh, India |
To see the full peer comparison of Thermax Foundation, buy the company report.
Auditor
Thermax Foundation is audited by B K Khare & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K Khare & Co. | FY 2023 | 105102W |
Shareholding
The shareholding of Thermax Foundation is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Thermax Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Thermax Foundation are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermax Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thermax Foundation has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Thermax Foundation, buy the company report.
GST
No GST registration is on our record for Thermax Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Thermax Foundation has 14 board changes on record since 2007: 5 appointments and 9 cessations. The latest: Jasmeet Singh Bhatia ceased to be Additional Director on 22 Sep 2022.
5 earlier events are in the company report.
News
Frequently asked questions
Thermax Foundation is an active private not for profit company based in Pune, Maharashtra, India. The company works in water treatment, within the environment industry. It was incorporated on 26 March 2007 (19+ years old) and is registered under CIN U80102PN2007NPL129858.
Thermax Foundation has 4 current directors:
- Meher Pheroz Pudumjee - Director
- Arnavaz Rohinton Aga - Director
- Ashish Bhandari - Director
- Joseph Cubas - Director
The latest financial statements of Thermax Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Thermax Foundation is U80102PN2007NPL129858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermax Foundation was incorporated on 26 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Thermax Foundation by revenue are Tecton Eagle India Private Limited, Ingeo Contractor Private Limited, Electrowater Technologies Private Limited, Distromed Bio Clean Private Limited, Adedge India Water Technologies Private Limited and 5 more, all in the Cleantech industry (Water and Wastewater Treatment).
Jasmeet Singh Bhatia ceased to be Additional Director on 22 Sep 2022. Jasmeet Singh Bhatia was appointed as Director on 28 Dec 2021. Ashish Bhandari ceased to be Additional Director on 28 Sep 2021. Thermax Foundation has 14 board changes on record in total.
Thermax Foundation can be reached through the website thermaxglobal.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Thermax Foundation is at Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003.
Thermax Foundation operates in the environment industry, in the water treatment segment.
The compliance status of Thermax Foundation is compliant as of 29 August 2026. The company is actively filing with the Registrar of Companies.
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