Verified employee & interview reviews

Thermax Reviews

Pune, Maharashtra

—/ 5

0 reviews

Thermax Limited is a prominent Indian multinational engineering conglomerate headquartered in Pune, Maharashtra. Founded in 1966 by A. S. Bhathena as Wanson India Limited, the company rebranded as Thermax in 1980 and subsequently went public in 1995, listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Under the enduring leadership of the Aga and Pudumjee families, and driven by its core corporate philosophy of conserving energy and preserving the environment, Thermax has evolved into a global player providing comprehensive, sustainable solutions across the clean air, clean energy, clean water, and chemical sectors. The company's diverse business operations are strategically divided into four primary reportable segments: Industrial Products, Industrial Infra, Green Solutions, and Chemicals. The Industrial Products vertical includes small-to-medium capacity boilers, high-efficiency packaged heaters, absorption chillers, heat pumps, air pollution control systems, and water recycling equipment. Through its Industrial Infra segment, Thermax executes large-scale turnkey project solutions, independent power plants, and utility boilers, famously sourcing advanced supercritical technologies to engineer robust systems for mega-scale industrial facilities. The newly accelerated Green Solutions segment consolidates the company's focus on the green energy transition, driving solar and wind hybrid farms, energy management services, green hydrogen initiatives, and advanced biogas purification technologies via its specialized growth unit, Thermax Ne0. Lastly, the Chemicals division manufactures essential construction chemicals, performance chemicals, oilfield chemical compounds, and ion exchange resins. Thermax operates an expansive international network that reaches clients across more than 75 countries, including major hubs in the Asia-Pacific region, Africa, the Middle East, Europe, and the Americas. Its widespread manufacturing infrastructure consists of 16 state-of-the-art facilities, with 12 situated across major industrial corridors in India and 4 strategically located overseas in countries such as Denmark, Indonesia, and Poland. Backed by global sales and service teams, dozens of active subsidiaries, and a dedicated international workforce of over 7,800 employees, Thermax partners with heavy industries like steel, cement, oil refineries, and textiles to optimize resource productivity and significantly reduce environmental degradation. Financially, Thermax has demonstrated robust growth, reporting a consolidated operational revenue of INR 9,323 crore for the fiscal year 2024, with its industrial infrastructure projects historically serving as the primary revenue driver. As a highly stable, promoter-owned entity with zero significant government stake, the corporation maintains a healthy dividend payout ratio and robust return metrics. Guided by Chairperson Meher Pudumjee and Managing Director Ashish Bhandari, Thermax continues to capture high-value global contracts—ranging from large utility boiler installations at major global refineries to cutting-edge ultrapure water systems for semiconductor assembly plants—solidifying its role as a vital engineering catalyst for industrial decarbonization.