Thermax
Indian multinational engineering company
From Wikipedia, the free encyclopedia
Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.[1]
| |
| Company type | Public |
|---|---|
| ISIN | INE152A01029 |
| Industry | Conglomerate |
| Founded | 1980 |
| Headquarters | Pune, Maharashtra, India |
Area served | Worldwide |
Key people |
|
| Products | Integrated products in the areas of clean air, clean energy, clean water and chemicals. |
| Revenue |  ₹9,323 crore (US$1.1 billion) (2024) |
| ₹206 crore (US$24 million) (2021) | |
| Total assets | ₹6,506 crore (US$770 million) (2021) |
| Total equity | ₹3,251 crore (US$380 million) (2021) |
| Website | www |
History
Thermax was founded by A. S. Bhathena in 1966 as Wanson India Ltd, manufacturing package boilers. The company subsequently began manufacturing equipment related to cogeneration, air pollution control, water treatment and absorption refrigeration among others.[2][3][4]
In 1981, Bhathena was succeeded by his son-in-law Rohinton Aga as chairman. In February 1995, the company went public and listed on the Bombay Stock Exchange. After Aga's death in 1996, his wife Anu Aga took over the operations.[4]
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.[5][6]
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.[7]