About Thermax Onsite Energy Solutions Limited
Data last updated: 23 December 2025
Thermax Onsite Energy Solutions Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Thermax Limited.. It specialises in industrial products retail and distribution, a part of the broader machinery and industrial equipment sector. Incorporated on 14 September 2009, the company has been in operation for over 17 years.
Registered with ROC Pune under CIN U40109PN2009PLC134659.
Capital: an authorised share capital of ₹150 Cr and a paid-up capital of ₹108.28 Cr. It is led by directors including Ashish Bhandari and Rajendran Arunachalam.
Last AGM: 21 July 2025. Financial statements filed for year ended 31 March 2025. Office: Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003.
As per the financials filed for FY 2023, the company reported a revenue of ₹348.21 Cr, a growth of 59.73% compared to the previous year.
The company has a workforce of approximately 109 employees as per the latest available data. It operates as a subsidiary of Thermax Limited.. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Thermax. As per MCA filings, the company has open charges of ₹180 Cr and satisfied charges of ₹18.16 Cr on record.
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.
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Registered AddressThermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003
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IndustryMachinery and Equipment, Industrial Products Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited operates one associated brand: Thermax. These brands represent Thermax Onsite Energy Solutions Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Energy and environmental solutions are provided for industrial sectors. | thermaxglobal.com |
Competitors & Alternatives of Thermax Onsite Energy Solutions Limited
Brands and companies operating in the same space as Thermax Onsite Energy Solutions Limited include Daikin, Mitsubishi Electric, Belimo and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Daikin
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Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment | Osaka, Japan, Japan | 1924 |
Mitsubishi Electric
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Industrial automation, power systems, and semiconductors are manufactured globally. | Chiyoda City, Japan, Japan | 1921 |
Belimo
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Control systems for heating, ventilation, and air conditioning are provided. | Hinwil, Switzerland, Switzerland | 1975 |
Ice Make Refrigeration
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Industrial refrigeration systems and related products are manufactured. | Ahmedabad, India, India | 1993 |
nVent
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Provider of electric heat solution products to industries | Saint Louis Park, United States, United States | 2001 |
SPX Corporation
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Engineered products for HVAC and detection markets are supplied. | Charlotte, United States, United States | 1988 |
Rvesol
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Manufacturer of solar powered products | Leiria, Portugal, Portugal | 2010 |
Solar Water Plc
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Solar-powered water filtration products are developed and supplied. | London, United Kingdom, United Kingdom | 2016 |
Business Activity of Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited operates primarily in multiple sectors including electricity, gas, steam and air condition supply, professional, scientific and technical, and trade. The company has 3 registered business activity segments, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Electricity, gas, steam and air condition supply | Locked | Steam and air conditioning supply | Locked |
| Locked | Professional, Scientific and Technical | Locked | Other professional, scientific and technical activities | Locked |
| Locked | Trade | Locked | Wholesale Trading | Locked |
Detailed business activity records for Thermax Onsite Energy Solutions Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited is audited by S R B C & CO LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R B C & CO LLP | Locked | Locked | Locked |
Complete auditor history for Thermax Onsite Energy Solutions Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited is currently managed by 4 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Ashish Bhandari
Also directs:
Thermax Limited., Thermax Babcock & Wilcox Energy Solutions Limited, First Energy Private Limited and 1 more
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Director | 08 Jun 2020 | 6 Years 1 Months | Current |
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Rajendran Arunachalam
Also directs:
Thermax Babcock & Wilcox Energy Solutions Limited, First Energy Private Limited, Fortmax Chemicals India Private Limited and 1 more
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Director | 29 Jul 2019 | 6 Years 11 Months | Current |
| Arun Unni | Director | 27 Nov 2024 | 1 Years 7 Months | Current |
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Khushboo Bhatia
Also directs:
Enernxt Private Limited
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Whole-Time Director | 30 Dec 2024 | 1 Years 6 Months | Current |
Financials of Thermax Onsite Energy Solutions Limited FY 2025 filings available
Thermax Onsite Energy Solutions Limited reported revenue of ₹348.21 Cr (up 59.73% YoY) for FY 2023.
Ten-year financial statements for Thermax Onsite Energy Solutions Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Thermax Onsite Energy Solutions Limited
Shareholding and ownership data for Thermax Onsite Energy Solutions Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
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Group Structure of Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited has 1 subsidiary company. This group structure data is as of FY 2024. The corporate group structure reflects Thermax Onsite Energy Solutions Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Enernxt Private Limited | U40107PN2021PTC197447 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Thermax Onsite Energy Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 May 2024 | Others | ₹30 Cr | Open |
| 06 Aug 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹150 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 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited has a workforce of 109 employees as of Apr 05, 2024.
Employee and EPFO history for Thermax Onsite Energy Solutions Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Thermax Onsite Energy Solutions Limited
GST registrations and filing compliance for Thermax Onsite Energy Solutions Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Thermax Onsite Energy Solutions Limited
Credit ratings, litigation, and regulatory alerts for Thermax Onsite Energy Solutions Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Thermax Onsite Energy Solutions Limited
MSME payment history for Thermax Onsite Energy Solutions Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Thermax Onsite Energy Solutions Limited
Corporate group structure for Thermax Onsite Energy Solutions Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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MCA Filings & Documents of Thermax Onsite Energy Solutions Limited
MCA filings and documents for Thermax Onsite Energy Solutions Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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- Annual returns and statements
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- Complete filing index
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Recent Activity on Thermax Onsite Energy Solutions Limited
Recent News on Thermax Onsite Energy Solutions Limited
Frequently Asked Questions about Thermax Onsite Energy Solutions Limited
Thermax Onsite Energy Solutions Limited is an active public limited company in the machinery and equipment sector based in Pune, Maharashtra, India. It was incorporated on 14 September 2009 (17+ years old) and is registered under CIN U40109PN2009PLC134659. The company has 109 employees.
Thermax Onsite Energy Solutions Limited reported revenue of ₹348.21 Cr for FY 2023 (up 59.73% YoY).
The current directors of Thermax Onsite Energy Solutions Limited are:
- Ashish Bhandari - Director
- Rajendran Arunachalam - Director
- Arun Unni - Director
- Khushboo Bhatia - Whole-Time Director
The primary industry of Thermax Onsite Energy Solutions Limited is machinery and equipment. The company specifically operates in industrial products retail and distribution. The company is currently active in this sector.
Thermax Onsite Energy Solutions Limited can be reached at the registered office: Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003, or through the website thermaxglobal.com.
The authorised capital is ₹150 Cr, and the paid-up capital is ₹108.28 Cr.