Thermax

Thermax

Company type	Public
Traded as	BSE:  500411 NSE:  THERMAX
ISIN	INE152A01029
Industry	Conglomerate
Founded	1980;45 years ago (1980)
Headquarters	Pune, Maharashtra, India
Area served	Worldwide
Key people	Meher Pudumjee (Chairperson) Ashish Bhandari (MD)
Products	Integrated products in the areas of clean air, clean energy, clean water and chemicals.
Revenue	₹9,323.46 crore (US$1.1 billion) (2024) [1]
Net income	₹206.58 crore (US$24 million) (2021) [1]
Total assets	₹6,506.87 crore (US$760 million) (2021) [1]
Total equity	₹3,251.39 crore (US$380 million) (2021) [1]
Website	www.thermaxglobal.com

Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune. ^[2]

History

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]

See also

• List of boiler types, by manufacturer

References

1. "Press-Release_Thermax_q4-and-Annual-Results-for-Fy-2023-2024" (PDF). Retrieved 12 May 2024.
2. Ghoshal, Sumantra; Piramal, Gita; Bartlett, Christopher A. (2002). Managing Radical Change: What Indian Companies Must Do to Become World-class. Penguin Books India. p. 97. ISBN   978-0-14-100022-0.
3. "Thermax Ltd". The Times of India. Archived from the original on 16 October 2012. Retrieved 18 February 2011.
4. "Thermax-SPX JV to have combined investment of 250 mln". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
5. "Thermax in JV with U.S. firm SPX". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
6. "Thermax in JV with Babcock & Wilcox". Business Standard India. 10 March 2010. Archived from the original on 15 February 2022. Retrieved 15 February 2022.