Thermax Onsite Energy Solutions Limited - Company Profile

It is a machinery and equipment public limited company based in Pune, Maharashtra, India, established in 2009.

2009 Pune, Maharashtra, India Active

Last Updated: December 23, 2025

About Thermax Onsite Energy Solutions Limited

Thermax Onsite Energy Solutions Limited, a active public limited company, was established on 14 September 2009 in Pune, Maharashtra, India. Engaging in industrial products retail & distribution within the electricity, gas, steam and air condition supply sector, it holds CIN: U40109PN2009PLC134659. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹150.00 Cr and a paid-up capital of ₹108.28 Cr.

It upholds a compliant status. Employing 109 professional, Its leadership includes Ashish Bhandari (Director), Rajendran Arunachalam (Director), Arun Unni (Director). Past directors included Indu Jacob, Shishir Joshipura, Shrinidhi Subhash Deopujari. It holds ₹180.00 Cr open charges and ₹18.16 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
U40109PN2009PLC134659
Registration Number
134659
Incorporation Date
14 September 2009
Authorized Capital
₹150.00 Cr
Paid-Up Capital
₹108.28 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 150.00 Cr as on 23-12-2025
Paid Up Capital ₹ 108.28 Cr as on 23-12-2025
Company Age 16 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 180.00 Cr as on 23-12-2025
Satisfied Charges ₹ 18.16 Cr as on 23-12-2025
Revenue Growth **** 59.73% (FY 2023)
Profit Growth **** 18.33% (FY 2023)
Ebitda **** 28.19% (FY 2023)
Net Worth 11.24% (FY 2023)
Total Assets **** 21.33% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Thermax Onsite Energy Solutions 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 Onsite Energy Solutions Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ashish Bhandari	Director	08 Jun 2020	Current
Rajendran Arunachalam	Director	29 Jul 2019	Current
Arun Unni	Director	27 Nov 2024	Current
Khushboo Bhatia	Whole-Time Director	30 Dec 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	13 Mar 2024	Past
Pramod Abcsdd	Director	30 Nov 2009	Past
Pramod Abcsdd	Company Secretary	01 Jul 2019	Past
Pramod Abcsdd	Director	22 Apr 2020	Past
Pramod Abcsdd	Chief Executive Officer	-	Past
Pramod Abcsdd	Director	30 Apr 2019	Past

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Financial Performance of Thermax Onsite Energy Solutions.

Thermax Onsite Energy Solutions Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 59.73% increase. The company also saw a substantial improvement in profitability, with a 18.33% increase in profit. The company's net worth Soared by an impressive increase of 11.24%.

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

********

59.73%

*******

Revenue from Operations

*******

59.76%

*******

Total Assets

*******

21.33%

*******

Profit or Loss

*******

18.33%

*******

Net Worth

*******

11.24%

*******

EBITDA

*******

28.19%

*******

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What is the Ownership and Shareholding Structure of Thermax Onsite Energy Solutions?

In 2024, Thermax Onsite Energy Solutions had a promoter holding of 100.00%. The company had 1 Subsidiary. 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

₹1,800,000,000.00

Satisfied Charges

₹181,630,000.00

Charges Breakdown by Lending Institutions

The Hongkong And Shanghai Banking Corporation Limited : 150.00 Cr
Others : 30.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 May 2024	Others	₹30.00 Cr	Open
06 Aug 2020	The Hongkong And Shanghai Banking Corporation Limited	₹150.00 Cr	Open
24 Dec 2019	The Hongkong And Shanghai Banking Corporation Limited	₹4.16 Cr	Satisfied
23 May 2014	Tata Capital Financial Services Limited	₹14.00 Cr	Satisfied

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How Many Employees Work at Thermax Onsite Energy Solutions?

Thermax Onsite Energy Solutions has a workforce of 109 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Onsite Energy Solutions, 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 Onsite Energy Solutions'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 Onsite Energy Solutions

Recent Activity within the Organization

Director Appointment

The activity Akancha Bhadani was appointed as a Company Secretary was appointed as a Company Secretary on 07 Aug 2025 & has been associated with this company since 6 months 11 days . was completed.
07 Aug 2025
Annual General Meeting

The activity Thermax Onsite Energy Solutions Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records. was completed.
21 Jul 2025
Balance Sheet

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

The activity Khushboo Bhatia was appointed as a Whole-time director was appointed as a Whole-time director on 30 Dec 2024 & has been associated with this company since 1 year 1 month . was completed.
30 Dec 2024
Director Appointment

The activity Arun Unni was appointed as a Director was appointed as a Director on 27 Nov 2024 & has been associated with this company since 1 year 2 months . was completed.
27 Nov 2024
Charges

A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100927609 was registered on 27 May 2024. was recorded as a recent event.
27 May 2024

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