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Company type | Public |
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ISIN | INE152A01029 |
Industry | Conglomerate |
Founded | 1980 |
Headquarters | Pune, Maharashtra, India |
Area served | Worldwide |
Key people |
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Products | Integrated products in the areas of clean air, clean energy, clean water and chemicals. |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Website | www |
Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune. [2]
Thermax manufactures boilers to harness the power of steam. The company started with producing small, once-through, "baby" boilers to cater to the steam requirements at hospitals.[ citation needed ] It was established in 1966, when A. S. Bhathena collaborated with a Belgian company, Wanson, to commence business operations in Dadar, Mumbai, India as Wanson India Ltd., manufacturing small boilers. [3]
On 15 February 1995 it became a public company on the Bombay Stock Exchange. It has, since long, been known simply as Thermax Limited.[ citation needed ]
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector. [4] [5]
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector. [6]