Thermax
Incorporated in 1966, Thermax Group is a 1 billion US$ company headquartered in Pune, India. Over the years, it has grown into a leading conglomerate in the energy and environment space and a trusted partner in energy transition. Strategically spreading its operations to 90+ countries while catering to a gamut of industries, the company offers integrated solutions in heating, cooling, power …
Profile
Thermax Limited is a Pune-based engineering major providing sustainable solutions in energy, environment, and chemicals. Founded in 1966, the company specializes in heating, cooling, power generation, water and wastewater treatment, air pollution control, and specialty chemicals. It is a publicly listed entity on the National Stock Exchange (NSE: THERMAX).
As of the 2025-26 financial year, the company reported a consolidated revenue of Rs. 10,694 crore and a profit after tax of Rs. 720 crore. It operates 16 manufacturing plants and maintains a workforce of approximately 29,352 people, including permanent employees and contractual staff. The company is active and currently focused on energy transition, including green hydrogen, bio-CNG, and renewable energy projects.
Sources#
- Classification: Public
- Business with a Purpose Thermax Limited � Annual Report 2025-26
- Digital Annual Report 24-25 | Thermax Limited
- Building Thermax for the
- Thermax Green Solutions | Solar, Green Hydrogen, Bio-CNG & Renewable Energy Segment
- Digital Annual Report 24-25 | Thermax Limited
- https://www.thermaxglobal.com/wp-content/uploads/2024/09/Project-Energy-Solutions-EPC-Offerings.pdf
- A Legacy of Purpose,
- Industry
- Ecology & monitoring, Energy, Industrial chemistry, Waste & circular economy, Water
- Topics
- Wastewater, water treatment & bioremediation, Biomass, bagasse & waste valorisation
- Role
- Services / consulting — “…ng major; bioenergy/biomass EPC | Thermax Limited is a Pune-based engineering major providing sustainable solu…”
Bio-solutions it supplies 0
Not yet cited as a supplier in a graded solution.
What they offer
Subsidiaries: EnerNxt Private Limited · First Energy Private Limited · First Energy (India) Private Limited · Jalansar Wind Energy Private Limited · Kanakal Wind Energy Private Limited · Thermax Babcock & Wilcox Energy Solutions Limited · Thermax Bioenergy Solutions Private Limited · Thermax Cooling Solutions Limited · Thermax Engineering Construction Company Limited · Thermax Instrumentation Limited · Thermax Onsite Energy Solutions Limited
News & status 6
- 2026-07 Latest status: The Board approved a Composite Scheme of Arrangement on July 30, 2026, involving the merger of Thermax Cooling Solutions Limited into the company and the demerger of the Bio-CNG EPC business of Thermax Bioenergy Solutions Private Limited, and previously completed the merger of Buildtech Products India Private Limited on June 2, 2026. ↗ ↗ ↗
- 2026-07-30 Thermax Q1 profit plunges 83% as margins collapse despite higher revenue - CNBC TV18Thermax’s June-quarter profit plunged about 83% year-on-year despite a 6.7% revenue rise, as margins collapsed to 3% from 10.4%, indicating significant profitability pressure even with higher sales. The company also announced restructuring (merger, demerger, …
- 2026-03-28 Thermax arm bags boiler package supply order worth Rs 1,600 crore - The Economic TimesThermax, via its subsidiary TBWES, has won a large Rs 1,600 crore boiler package order for a 1x800 MW ultra-supercritical thermal power plant, underscoring its capabilities in delivering large-scale energy solutions from manufacturing to commissioning and …
- 2026-07-30 Thermax profit falls 86% to Rs 22 Crore - Business News | The Financial ExpressThermax’s June-quarter net profit fell 86% year-on-year to ₹22 crore due to a ₹91 crore cost overrun on a large industrial infrastructure project, even as revenue rose 7% to ₹2,303 crore and the order backlog reached a record ₹14,045 crore. The company expects …
- 2026-07-30 Sustainability is at the core of what Thermax does: Vishal Mehra, Head-Water and Wastewater Business, Thermax - The Economic TimesThermax positions sustainability at the core of its growth, highlighting its role as a global leader in energy and environment solutions and its ongoing commitment to cleaner energy, reduced carbon footprint, and sustainable manufacturing.
- 2026-09-30 Thermax Acquires Remaining 49% Stake in TSA Process Equipments for Rs 42 Crore | Whalesbook Corporate NewsThermax is consolidating its water-treatment capabilities by acquiring the remaining 49% of TSA Process Equipments, making TSA a wholly-owned subsidiary and potentially strengthening margins, scale, and project execution in its industrial water solutions. …
- 2026-02-19 “We’re ready to support our customers’ energy transition—whether from electrons or molecules”: Thermax executive VP - pv magazine IndiaThermax positions itself as a technology-driven B2B player aiming to support customers across the entire energy transition, across both electrons (solar, wind, storage) and molecules (bioCNG, hydrogen, green fuels), with a focus on India and scalable global …
Network: owners, partners, peers
Ownership & investors 11
| subsidiary | EnerNxt Private Limited |
| subsidiary | First Energy Private Limited |
| subsidiary | First Energy |
| subsidiary | Jalansar Wind Energy Private Limited |
| subsidiary | Kanakal Wind Energy Private Limited |
| subsidiary | Thermax Babcock & Wilcox Energy Solutions Limited |
| subsidiary | Thermax Bioenergy Solutions Private Limited |
| subsidiary | Thermax Cooling Solutions Limited |
| subsidiary | Thermax Engineering Construction Company Limited |
| subsidiary | Thermax Instrumentation Limited |
| subsidiary | Thermax Onsite Energy Solutions Limited |
Partners & deals 3
| counterparty | Thermax Cooling Solutions Limited (merger) …The Board approved a Composite Scheme of Arrangement on July 30, 2026, involving the merger of Thermax Cooling Solutions Limited into the company and the demerger of the Bio-CNG EPC business of …… |
| counterparty | Buildtech Products India Private Limited (merger) …The Board approved a Composite Scheme of Arrangement on July 30, 2026, involving the merger of Thermax Cooling Solutions Limited into the company and the demerger of the Bio-CNG EPC business of …… |
| collaboration | PAT remained Rs …FY 2023-24; PAT remained Rs. 627 crore; order bookings rose 10.5% to Rs. 10,337 crore.
- Strategic partnerships and acquisitions: TCSPL formed a shareholders’ agreement with UK’s Vebro Polymers for fl… |
Similar companies
SEPCOIII Shandong Electric Power Construction Corp. · Isgec Heavy Engineering Ltd. · HEEE · KEC International Ltd. · Wison Engineering Ltd. · Doosan Enerbility · Shanghai Electric Power Generation Engineering Company · Chanderpur Group
Identity & contacts
Contacts, people and legal identity are available to members.
Sign in as a member