Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.[2]
Company type | Public |
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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 | ₹4,791.25 crore (US$600 million) (2021)[1] |
₹206.58 crore (US$26 million) (2021)[1] | |
Total assets | ₹6,506.87 crore (US$810 million) (2021)[1] |
Total equity | ₹3,251.39 crore (US$410 million) (2021)[1] |
Website | www |
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]