OverviewSuggest Edit

    Thermax is a company that provides energy and environmental engineering solutions. It focuses on process heating and cooling, solar, renewables, power and steam engineering, air pollution control, absorption cooling, water and wastewater solutions, and more.
    HQPune, IN
    Employee Ratings3.9
    Overall CultureA-

    Latest Updates

    Employees (est.) (May 2022)7,914(+2%)
    Share Price (May 2022)₹2 K(-2%)
    Cybersecurity ratingBMore
    Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
    Banner background

    Key People/Management at Thermax

    Ashish Bhandari

    Ashish Bhandari

    Managing Director & CEO
    Pravin Karve

    Pravin Karve

    Rajendran Arunachalam

    Rajendran Arunachalam

    CFO and Executive Vice President
    Shekhar Kashalikar

    Shekhar Kashalikar

    Senior Vice President - TBWES
    Mahesh Murthy

    Mahesh Murthy

    Chief Technology Officer and Head of Research Technology and Innovation Centre
    Sharad Gangal

    Sharad Gangal

    Executive Vice President HR, Admin, IR and Member of Exec Council, India
    Show more

    Thermax Office Locations

    Thermax has offices in Pune, Houston, Dhaka, Rio de Janeiro and in 16 other locations
    Pune, IN (HQ)
    36, Old Mumbai - Pune Hwy, Sphurti Society, Wakadewadi, Shivajinagar
    Dhaka, BD
    a 11, 7 Kemal Ataturk Ave
    Rio de Janeiro, BR
    R. Álvares de Azevedo, 94 - 405 - Icaraí
    Jiaxing Shi, CN
    645 Chayuan Rd, Xiuzhou Qu
    Jakarta, ID
    Jl. H. R. Rasuna Said No.kav 6, RT.9/RW.4, Kuningan Tim., Kecamatan Setiabudi
    Nairobi, KE
    Spring Valley
    Show all (24)

    Thermax Financials and Metrics

    Summary Metrics

    Founding Date


    Thermax Cybersecurity Score

    Cybersecurity ratingPremium dataset



    SecurityScorecard logo

    Thermax Environment, Social & Governance (ESG) Ratings

    CSRHub ESG ratingPremium dataset


    out of 100

    CSRHub logo

    Thermax Online and Social Media Presence

    Embed Graph

    Thermax Company Culture

    • Overall Culture



    • CEO Rating



    • Compensation



    • Diversity



    Learn more on Comparably

    Thermax News and Updates

    Thermax bags Rs. 830 crore order for three Flue GasDesulphurisation (FGD) systems

    Thermax Limited has concluded an order of Rs. 830 crore from an Indian power privatesector company to set up flue gas desulphurisation (FGD) systems for their three units of 660MW capacity each in the state of Uttar Pradesh.

    Thermax stock up 10% on robust order inflows in Q2

    Thermax's order inflows rose 67% year-on-year (y-o-y) to ₹1,860 crore and the order book improved 26% y-o-y to ₹6,520 crore. According to the company's management, this is the highest order booking in the last eight quarters.

    Sustainability has been an integral aspect of #Thermax Cooling since its inception.

    The business adopts minimal source utilisation and emission reduction as its standard for long-term environmental protection. As #ZeroWeGo, join us in looking back at Thermax Cooling’s operational advances and innovative solutions directed at mitigating carbon emissions.

    Thermax’s bet on green energy transition begins to pay off

    Thermax’s order book profile underscores its ability to smoothen the green energy transition, at a time when the world is grappling with climate change

    Thermax Shares Hit A 52-Week High As Rally After Q2 Results Continues

    Shares of Thermax Ltd. hit a 52-week high as the stock continues to surge after the electricity generation and pollution-control equipment maker saw its earnings jump and order inflows recover in the second quarter.

    Thermax Q2 order booking up by 67% and profit after tax, before exceptional items is higher by 58%

    For the second quarter of FY 2021-22, Thermax posted a consolidated operating revenue of Rs. 1,469 crore, up 29% as compared to Rs. 1,141 crore in the corresponding quarter, last year. Profit after tax (PAT) stood at Rs. 88 crore, up 183% as compared to Rs. 31 crore in the corresponding quarter of F…
    Show more

    Thermax Frequently Asked Questions

    • When was Thermax founded?

      Thermax was founded in 1966.

    • Who are Thermax key executives?

      Thermax's key executives are Ashish Bhandari, Pravin Karve and Rajendran Arunachalam.

    • How many employees does Thermax have?

      Thermax has 7,914 employees.

    • Who are Thermax competitors?

      Competitors of Thermax include Green Power International, Techno Electric & Engineering Company and Kalpataru Power Transmission.

    • Where is Thermax headquarters?

      Thermax headquarters is located at 36, Old Mumbai - Pune Hwy, Sphurti Society, Wakadewadi, Shivajinagar, Pune.

    • Where are Thermax offices?

      Thermax has offices in Pune, Houston, Dhaka, Rio de Janeiro and in 16 other locations.

    • How many offices does Thermax have?

      Thermax has 24 offices.