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Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.[2]
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| Company type | Public |
|---|---|
| ISIN | INE152A01029 |
| Industry | Conglomerate |
| Founded | 1980 |
| Headquarters | Pune, Maharashtra, India |
Area served | Worldwide |
Key people |
|
| Products | Integrated products in the areas of clean air, clean energy, clean water and chemicals. |
| Revenue |  ₹9,323.46 crore (US$1.1 billion) (2024)[1] |
| ₹206.58 crore (US$25 million) (2021)[1] | |
| Total assets | ₹6,506.87 crore (US$780 million) (2021)[1] |
| Total equity | ₹3,251.39 crore (US$390 million) (2021)[1] |
| Website | www |
History
editThermax manufactures boilers to harness the power of steam. The company started with producing small, once-through, "baby" boilers to cater to the steam requirements at hospitals.[citation needed] It was established in 1966, when A. S. Bhathena collaborated with a Belgian company, Wanson, to commence business operations in Dadar, Mumbai, India as Wanson India Ltd., manufacturing small boilers.[3]
On 15 February 1995 it became a public company on the Bombay Stock Exchange. It has, since long, been known simply as Thermax Limited.[citation needed]
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.[4][5]
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.[6]
See also
editReferences
edit- ^ a b c d "Press-Release_Thermax_q4-and-Annual-Results-for-Fy-2023-2024" (PDF). Retrieved 12 May 2024.
- ^ Ghoshal, Sumantra; Piramal, Gita; Bartlett, Christopher A. (2002). Managing Radical Change: What Indian Companies Must Do to Become World-class. Penguin Books India. p. 97. ISBN 978-0-14-100022-0.
- ^ "Thermax Ltd". The Times of India. Archived from the original on 16 October 2012. Retrieved 18 February 2011.
- ^ "Thermax-SPX JV to have combined investment of 250 mln". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
- ^ "Thermax in JV with U.S. firm SPX". Reuters. 26 August 2009. Archived from the original on 15 February 2022. Retrieved 15 February 2022.
- ^ "Thermax in JV with Babcock & Wilcox". Business Standard India. 10 March 2010. Archived from the original on 15 February 2022. Retrieved 15 February 2022.