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Thermax

Thermax Ltd: An Indian Engineering Conglomerate Thermax Ltd stands as a prominent Indian multinational engineering conglomerate, with its headquarters situated in Pune. The company's core focus lies in providing solutions across three crucial sectors: clean air, clean energy, and clean water. This strategic emphasis underscores Thermax's commitment to sustainable and environmentally conscious technologies. As a significant player in the Indian and global engineering landscape, Thermax boasts a substantial portfolio of products and services designed to address various industrial and infrastructural needs. While specifics regarding the company's market share and revenue figures are not provided, its multinational status implies a considerable reach and influence within the international engineering community. The company’s concentration on clean technologies positions it at the forefront of addressing pressing global environmental challenges. This commitment likely translates to a strong focus on research and development, driving innovation in energy-efficient and environmentally friendly technologies. Further details regarding Thermax's specific projects, technological breakthroughs, and market leadership would provide a more complete picture of its operations and impact. However, its declared focus areas offer a clear insight into the company's values and long-term vision.

Thermax Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Conglomerate
  • Founded 1980
  • Headquarters Pune, Maharashtra, India
  • Area served Worldwide
  • Key people Meher Pudumjee (Chairperson), Ashish Bhandari (MD)
  • Revenue ₹9,323.46 crore (US$1.1 billion) (2024)
  • Net income ₹206.58 crore (US$24 million) (2021)
  • Website www.thermaxglobal.com

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Thermax history

Last Updated : 13/08/24, 09:52 AM
Thermax: A Legacy in Boiler Technology Established in 1966 as Wanson India Ltd, a collaboration between A S Bhathena and Belgian firm Wanson, Thermax initially focused on small-scale, once-through boilers for hospitals. The company's operations commenced in Dadar, Mumbai. Its evolution from a small boiler manufacturer to a major player in the energy sector is noteworthy. Thermax's transition to a public company in 1995, listing on the Bombay Stock Exchange, marked a significant milestone. The company's strategic partnerships reflect its commitment to technological advancement and market expansion. A 51-49 joint venture with SPX Corporation in 2009 broadened its presence in the Indian power sector, providing equipment and services. Further solidifying its position, Thermax entered into a joint venture with Babcock & Wilcox in 2010, focusing on the manufacturing of super-critical boilers for power generation. Thermax Limited, now simply known as Thermax, has consistently adapted to the evolving energy landscape, demonstrating a sustained commitment to innovation and technological prowess within the boiler manufacturing industry. The company's journey showcases a successful blend of strategic partnerships and technological expertise.
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