What we do Thermax Ltd provides integrated solutions in heating, cooling, power generation, water treatment, and air pollution control globally, focusing on clean energy and environment. |
Founded in 1,966 |
Market share Leading market player in industrial energy and environmental solutions with global presence in over 90 countries. |
Problem solved Addresses industrial needs for efficient energy, clean water, air pollution control, and environmental sustainability solutions. |
Top clients or who we serve Serves industries like steel, refinery, chemicals, power, cement, data centers and municipal sectors (B2B focus). |
Key management Ashish Bhandari, MD & CEO, with extensive leadership in engineering and energy sectors. |
Our journey and innovations Since 1966, pioneered agro-fuel boilers, digital asset lifecycle solutions, renewable energy projects, and global acquisitions expanding technology and footprint. |
Where we operate Operates across Asia, Africa, Europe, Americas, Middle East with 34 global offices and 14 manufacturing units. |
Top products or what we offer Offers boilers, chillers, cogeneration plants, water treatment, air pollution control equipment, chemicals, and renewable energy solutions. |
Top brands Includes Thermax boilers, Thermax chillers, Thermax Edge digital platform; market leaders in industrial heating and cooling. |
Raw materials needed Steel, metals, polymers, chemicals, electronic components for manufacturing energy and environmental solutions. |
Raw materials supplier Sources raw materials globally from steel and chemical suppliers, details confidential. |
Recurring vs cyclical contribution Revenue shows mix of long-term EPC projects and recurring operations & maintenance services. |
Our industry position Strong market position with large domestic share and expanding international projects in industrial environmental technology. |
Financial highlights Consolidated revenue Rs. 10,389 crore, PAT Rs. 627 crore (FY 2024-25), with steady growth and reinforced order book. |
Geographical revenue split Approximately 78% India, 22% international revenue centered on Africa, Middle East, Southeast Asia, and Europe. |
Order book Order book Rs. 10,337 crore with significant projects in refinery, power, and renewable sectors globally. |
Whats driving growth Growth driven by industrial modernization, environmental regulations, renewable energy adoption, and digital ecosystem adoption. |
Our future plans Focus on green hydrogen, bio-CNG, advanced cooling solutions, expanding global footprint and digitization through Thermax Edge. |
Our green promise Committed to clean energy, emissions control, water recycling, and adopting sustainable manufacturing practices. |
Our people and values Employee base over 7,800 globally with focus on diversity, safety, and ethical corporate culture. |
Key challenges ahead Addressing supply chain volatility, global economic risks, regulatory changes, and technology advancement challenges. |
Interesting facts First Indian company with integrated utilities solutions in 90+ countries; celebrated 30 years on NSE. |
Risks and strategy Mitigates risks via portfolio diversification, technology partnerships, and expanding service offerings across geographies. |
