Governance Thermax Limited

THERMAX

INE152A01029

Industrial Machinery & Equipment

Market Closed - NSE India S.E. Other stock markets 05:19:47 21/01/2026 pm IST			5-day change	1st Jan Change
2,929.40 ^INR	+0.27%		-1.17%	-3.08%

16/01	Thermax Limited Announces Resignation of Executive Vice President and Chief Human Resources Officer Jasmeet Bhatia, Effective January 16, 2026	CI
06/01	IIFL Downgrades Thermax to Reduce from Add; Price Target is INR2,644	MT

Executive Committee: Thermax Limited

Manager

Positions heldSince

Ashish Bhandari

54 year

Chief Executive Officer

07/04/2020

Rajendran Arunachalam

Director of Finance/CFO

01/06/2019

Sangeet Hunjan

Compliance Officer	27/06/2025
Corporate Secretary	27/06/2025

Amit Sethi

Chief Tech/Sci/R&D Officer

01/10/2022

Composition of the Board of Directors: Thermax Limited

Director

CommitteesSince

Meher Pheroz Pudumjee

59 year

Compensation Committee	05/10/2004
Nominating Committee	05/10/2004

Shyamak Ramyar Tata

62 year

Audit Committee Chair	30/01/2023
Compensation Committee Chair	30/01/2023
Nominating Committee Chair	30/01/2023

Pheroz Pudumjee Naswanjee

Audit Committee	15/01/2001
Compensation Committee	30/08/2024
Nominating Committee	30/08/2024

Parag Chandulal Shah

51 year

Compensation Committee	22/01/2019
Governance Committee	22/01/2019
Nominating Committee	22/01/2019

Ravi Pandit

75 year

Audit Committee	21/06/2021
Compensation Committee	01/01/2018
Nominating Committee	01/01/2018

Rajani Kesari

54 year

Audit Committee	14/11/2018
Audit Committee Chair	01/08/2025

Harsh Charandas Mariwala

74 year

Compensation Committee Chair	10/11/2016
Nominating Committee Chair	10/11/2016

Ravi Gopinath

Compensation Committee	10/11/2021
Nominating Committee	10/11/2021

Ashish Bhandari

54 year

Director/Board Member

18/06/2020

Latest Appointments: Thermax Limited

16/01	Thermax Limited Announces Resignation of Executive Vice President and Chief Human Resources Officer Jasmeet Bhatia, Effective January 16, 2026	CI
30/25/30	Thermax Limited Announces Resignation of Pravin Karve as Senior Management Personnel, Effective from July 31, 2025	CI
27/25/27	Thermax Limited Appoints Sangeet Hunjan as the Company Secretary, Compliance Officer and Key Managerial Personnel, Effective June 27, 2025	CI
22/25/22	Parag Milk Foods Limited Announces Board Appointments	CI
09/25/09	Thermax Limited Approves Appointment Board and Executive Appointments	CI
18/25/18	Thermax Limited Appoints Parag Shah as Non-Executive - Independent Director	CI
21/25/21	Thermax Limited Announces Resignation of Janhavi Khele as Company Secretary & Compliance Officer	CI

More news

Former Officers and Directors: Thermax Limited

Insider

Positions held

SinceUntil

Jasmeet Bhatia

Chief Administrative Officer	19/11/2020	16/01/2026
Human Resources Officer	19/11/2020	16/01/2026
Public Communications Contact	19/11/2020	16/01/2026

Pravin Damodar Karve

Corporate Officer/Principal

17/10/2011

31/07/2025

Janhavi Khele

Compliance Officer	19/08/2021	18/04/2025
Investor Relations Contact	19/08/2021	18/04/2025
Corporate Secretary	01/09/2021	18/04/2025

Hemant Mohgaonkar

Corporate Officer/Principal

17/10/2011

30/11/2024

Jairam Varadaraj

Director/Board Member	31/01/2003	21/07/2024
Independent Dir/Board Member	31/01/2003	21/07/2024

Nawshir Hoshang Mirza

Director/Board Member	03/05/2011	21/07/2024
Independent Dir/Board Member	03/05/2011	21/07/2024

Shekhar Kashalikar

Corporate Officer/Principal

30/09/2023

Mahesh Murthy

Chief Tech/Sci/R&D Officer

01/04/2021

31/08/2023

Prosenjit Sengupta

Corporate Officer/Principal

01/11/2018

01/10/2022

Valentin Albrecht H. von Massow

Director/Board Member	31/01/2006	21/07/2022
Independent Dir/Board Member	31/01/2006	21/07/2022

Kedar Purushottam Phadke

Compliance Officer	08/08/2017	19/08/2021
Investor Relations Contact	08/08/2017	19/08/2021
Corporate Secretary	08/08/2017	19/08/2021

Mangalath Sukumara P Unnikrishnan

Director/Board Member	17/10/2011	31/08/2020
Chief Executive Officer	01/07/2007	31/08/2020

Amitabha Mukhopadhyay

Director of Finance/CFO	01/10/2013	01/06/2019
General Counsel	01/10/2013	01/06/2019

Ravinder Advani

Corporate Officer/Principal

17/10/2011

01/06/2019

Arnavaz Rohinton Aga

Director/Board Member

01/01/1982

08/08/2018

Raghunath Anant Mashelkar

Director/Board Member	29/01/2008	08/08/2018
Independent Dir/Board Member	29/01/2008	08/08/2018

Swastika Mukherjee

Public Communications Contact

01/12/2017

Devang B. Trivedi

Compliance Officer	12/01/2017	31/05/2017
Investor Relations Contact	-	31/05/2017
Public Communications Contact	20/10/2011	31/05/2017
Corporate Secretary	12/01/2017	31/05/2017

Amit Murari Atre

Compliance Officer	29/01/2016	12/01/2017
Corporate Secretary	29/01/2016	12/01/2017

Gajanan Pandharinath Kulkarni

Compliance Officer	01/01/2013	29/01/2016
Investor Relations Contact	01/01/2013	29/01/2016
General Counsel	01/01/2013	29/01/2016
Corporate Secretary	01/01/2013	29/01/2016

Sunil Naresh Lalai

Public Communications Contact	28/11/2009	01/06/2011
Corporate Secretary	27/11/2009	01/06/2011

Sharad Gangal

Chief Administrative Officer	01/06/2010	-
Human Resources Officer	01/06/2010	-
Public Communications Contact	01/06/2010	-

Manu Darbarishah Seth

Director/Board Member

15/01/2001

08/08/2009

Prakash Manohar Kulkarni

Chief Executive Officer

30/06/2007

S. Ramachandran

Corporate Officer/Principal

17/10/2011

R. R. Sonde

Chief Tech/Sci/R&D Officer

17/10/2011

Gopal Mahadevan

Director of Finance/CFO	01/01/2007	-
Public Communications Contact	11/07/2013	-

Tapan Jamini Mitra

Director/Board Member	15/01/2011	-
Independent Dir/Board Member	17/10/2011	-

Anuja Mulay

Public Communications Contact

Sudhir Lale

Compliance Officer	-	-
Investor Relations Contact	-	-
Corporate Secretary	-	-

Sudha Santhanam

Corporate Secretary

Arvind Prasad

Sales & Marketing

Suranjan Pramanik

Corporate Officer/Principal

N. Sundararajan

Director of Finance/CFO

Mahinder Nath

Corporate Officer/Principal

Ravi Venkatesan

Director/Board Member

Vikrant Deshmukh

Corporate Officer/Principal

R. V. Ramani

Corporate Officer/Principal

17/10/2011

Abhay Mahadeo Nalawade

Chief Executive Officer

Partha Mukhopadhaya

Corporate Officer/Principal

Shishir Joshipura

Corporate Officer/Principal

Balasaheb D. Patil

Corporate Officer/Principal

Sanjeev Fadnavis

Corporate Officer/Principal

Mahesh Nalavade

Corporate Secretary

A. M. Roshan

Public Communications Contact

25/08/2010

Rahul Madan Bhamburkar

Corporate Officer/Principal

Ahmed Bunglowala

Public Communications Contact	02/12/2009	-
General Counsel	02/12/2009	02/12/2009

Paresh Pradhan

Corporate Officer/Principal

Sunil Deo

Corporate Officer/Principal

Parthivv Trivedi

Corporate Officer/Principal

A. S. Bhathena

Founder

01/01/1966

Rohinton D. Aga

Founder

01/01/1966

Age distribution of managers

Parity Men Women

Male	12
Female	3

Of which Executive Committee

Male	3
Female	1

Of which Directors

Male	7
Female	2

Revisions

Révisions CA 1 an

Révisions CA 4 mois

Révisions CA 1 mois

Révisions BNA 1 an

Révisions BNA 4 mois

ESG MSCI

Environnement

Social

Gouvernance

Polémique

Controverses Ethiques

Controverses sur les droits de l'Homme

Controverses Subventions fiscales

Conforme à la finance Islamique

Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.

Employees

5,601

Sector

Industrial Machinery & Equipment

Calendar

02/02 - Q3 2026 Earnings Release

More about the company