Thermax Limited.

Provides energy and environmental solutions through boilers, heaters, chillers, power plants, and solar equipment.

1980 | Pune, Maharashtra (India) | Active
Last Updated:

Thermax Profile

Key Indicators

  • Authorised Capital ₹ 75.00 Cr
  • Paid Up Capital ₹ 23.83 Cr
  • Company Age 44 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,320.00 Cr
  • Satisfied Charges ₹ 2,805.44 Cr
  • Revenue Growth 13.98%
  • Profit Growth 32.86%
  • Ebitda 26.37%
  • Net Worth 9.91%
  • Total Assets 9.69%

About Thermax

Thermax Limited. (TL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 June 1980 and has a history of 44 years and ten months. Its registered office is in Pune, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500411 and on the National Stock Exchange(NSE) under THERMAX.

The Corporate was formerly known as Thermo - Dynamics Private Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 75.00 Cr and a paid-up capital of Rs 23.83 Cr.

The company currently has active open charges totaling ₹2,320.00 Cr. The company has closed loans amounting to ₹2,805.44 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Thermax Limited. India are Janhvie Khele as COMPANY SECRETARY and Mr Arunachalam as Cfo. Rajani Kesari, Meher Pudumjee, Pheroz Naswanjee, and Six other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29299PN1980PLC022787

  • Company No.

    022787

  • Stock Symbol

    BSE : 500411 NSE : THERMAX

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 Jun 1980

  • Date of AGM

    01 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Pune

Industry

Machinery and Equipment

What products or services does Thermax Limited. offer?

Thermax Limited. offers a wide range of products and services, including Filters & Filtration Systems, Liquid Filters, Industrial Valves & Valve Fittings, Safety & Pressure Relief Valves, Industrial Air Conditioner & Devices, Refrigeration Spares, Wash Basins, Sanitaryware & Fittings, Plumbing Traps, Generators, Turbines & Power Plants, Power Plants & Spare Parts.

Company report

Thermax Limited.

Explore comprehensive data for Thermax Limited., including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Thermax?

Executive Team (3)

NameDesignationAppointment DateStatus
Ashish Bhandari Country flag representing Us Managing Director18-Jun-2020Current
Janhvie Khele Country flag representing In Company Secretary01-Sep-2021Current
Mr Arunachalam Country flag representing In CFO01-Jun-2019Current

Board Members (8)

NameDesignationAppointment DateStatus
Parag Shah Country flag representing In Director 12-Dec-2024Current
Rajani Kesari Country flag representing In Director 14-Nov-2018Current
Meher Pudumjee Country flag representing In Director 15-Jan-2001Current
Pheroz Naswanjee Country flag representing In Director 15-Jan-2001Current
Shashishekhar Balkrishna Country flag representing In Director 30-May-2017Current
Harsh Mariwala Country flag representing In Director 10-Nov-2016Current

Financial Performance of Thermax.

Thermax Limited., for the financial year ended 2024, experienced significant growth in revenue, with a 13.98% increase. The company also saw a substantial improvement in profitability, with a 32.86% increase in profit. The company's net worth moved up by a moderate rise of 9.91%.

Thermax revenue growth over time
Thermax profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
13.98%
Revenue from Operations
13.24%
Total Assets
9.69%
Profit or Loss
32.86%
Net Worth
9.91%
EBITDA
26.37%

What is the Ownership and Shareholding Structure of Thermax?

In 2023, Thermax had a promoter holding of 61.99% and a public holding of 38.01%. The company had 18 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,320.00 Cr

Satisfied Charges

₹2,805.44 Cr

Charges Breakdown by Lending Institutions

  • Others : 1620.00 Cr
  • Citi Bank N.A. : 450.00 Cr
  • Axis Bank Limited : 250.00 Cr

Latest Charge Details

DateLenderAmountStatus
11 Feb 2025Axis Bank Limited₹250.00 CrOpen
15 Nov 2021Others₹330.00 CrOpen
15 Jun 2021Others₹520.00 CrOpen
24 May 2021Others₹100.00 CrOpen
19 May 2021Others₹300.00 CrOpen

How Many Employees Work at Thermax?

Thermax has a workforce of 5828 employees as of Apr 10, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Thermax Limited.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Thermax, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Thermax's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Thermax

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 250.00 Cr with Charge ID 101055544 was registered on 11 Feb 2025.

  • Director Appointment

    Parag Chandulal Shah was appointed as a Director was appointed as a Director on 12 Dec 2024 & has been associated with this company since 5 months 2 days .

  • Annual General Meeting

    Thermax Limited. last Annual general meeting of members was held on 01 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Thermax Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Charges

    A charge with Others of Rs. 370.00 Cr registered on 18 May 2021 with Charge ID 100445730 was modified on 15 Jan 2024.

  • Director Appointment

    Shyamak Ramyar Tata was appointed as a Director was appointed as a Director on 17 Oct 2023 & has been associated with this company since 1 year 6 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Thermax Limited.?

    Thermax Limited. was incorporated on 30 Jun 1980.

  • What is authorized share capital and paid-up capital of Thermax Limited.?

    The authorized share capital of Thermax Limited. is ₹ 75.00 Cr and paid-up capital is ₹ 23.83 Cr.

  • Who are the current board members & directors of Thermax Limited.?

    Currently 11 directors are associated with Thermax Limited..

    • Rajani Kesari
    • Meher Pheroz Pudumjee
    • Pheroz Pudumjee Naswanjee
    • Shashishekhar Pandit Balkrishna
    • Harsh Charandas Mariwala
    • Parag Chandulal Shah
    • Ravi Shankar Gopinath
    • Ashish Bhandari
    • Shyamak Ramyar Tata
    • Janhvie Kishor Khele
    • Mr Rajendran Arunachalam

  • What is the registered address of Thermax Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Thermax Limited. is D-13 Midc Ind Arear D Aga Road Chinchwad India, Pune, Maharashtra, 411019.

  • What is the corporate identification number (CIN) and company number of Thermax Limited.?

    The corporate identification number (CIN) of Thermax Limited. is L29299PN1980PLC022787 and the company number is 022787 as per Ministry of Corporate Affairs (MCA).

  • Is Thermax Limited. registered with any stock exchange in India?

    Yes, Thermax Limited. is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): THERMAX.

  • What is the official website of Thermax Limited.?

    The Official website of Thermax Limited. is https://www.thermaxglobal.com

  • What has been the recent revenue trend for Thermax Limited.?

    According to the financial reports for the fiscal year 2024, the revenue trend for Thermax Limited. has risen by 13.98%.

  • How many employees does Thermax Limited. currently have?

    As Per 2024 financial reports, 5828 employees are currently employed by Thermax Limited..

  • What change has been observed in the net worth of Thermax Limited., and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Thermax Limited. has experienced an upsurge of 9.91%.

  • What are the total open charges for Thermax Limited.?

    As per the financial statements for fiscal Year 2024, The total open charges for Thermax Limited. amount to ₹ 2,320.00 Cr.

  • When was the last Balance Sheet of Thermax Limited. filed with the ROC?

    The most recent Balance Sheet for Thermax Limited. was filed with the ROC on 31 Mar 2024.

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