Governance Thermax Limited

THERMAX

INE152A01029

Industrial Machinery & Equipment

Market Closed - NSE India S.E. Other stock markets 04:35:10 10/07/2026 pm IST			5-day change	1st Jan Change
4,809.00 ^INR	+0.50%		+4.37%	+59.10%

30/06	Thermax Limited Announces Resignation of Kirtiraj Jilkar from Executive Vice President and BU Head ? P&ES, Effective June 30, 2026	CI
11/05	Kotak Securities Downgrades Thermax to Sell from Buy; Price Target is INR4,000	MT

Executive Committee: Thermax Limited

Manager

Positions heldSince

Ashish Bhandari

55 year

Chief Executive Officer

07/04/2020

Santanu Chaudhuri

Chief Tech/Sci/R&D Officer

21/10/2024

Amit Sethi

Chief Tech/Sci/R&D Officer

01/10/2022

Kavita Singh

Human Resources Officer

25/05/2026

Sangeet Hunjan

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

Rajendran Arunachalam

Director of Finance/CFO

01/06/2019

Tushar Dahale

Comptroller/Controller/Auditor

10/05/2025

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

Rajani Kesari

55 year

Audit Committee	14/11/2018
Audit Committee Chair	30/04/2026
Compensation Committee	30/04/2026
Nominating Committee	30/04/2026

Parag Chandulal Shah

51 year

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

Pheroz Pudumjee Naswanjee

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

Ravi Shankar Gopinath

Compensation Committee	10/11/2021
Nominating Committee	10/11/2021
Audit Committee	30/04/2026

Shyamak Ramyar Tata

62 year

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

Harsh Charandas Mariwala

75 year

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

Ashish Bhandari

55 year

Director/Board Member

18/06/2020

Latest Appointments: Thermax Limited

30/06	Thermax Limited Announces Resignation of Kirtiraj Jilkar from Executive Vice President and BU Head ? P&ES, Effective June 30, 2026	CI
08/05	Thermax Limited Announces Demise of S.B. Pandit, Non-Executive Independent Director on May 8, 2026	CI
07/05	Thermax Limited Appoints Kavita Singh as the Chief Human Resources Officer and Senior Management Personnel, Effective May 25, 2026	CI
02/04	The Weir Group PLC Announces Board and Committee Changes, Effective April 30, 2026	CI
30/03	Uno Minda Limited Announces Management Changes in Senior Management Personnel, Effective April 1, 2026	CI
27/03	Biocon Limited Announces Chief Financial Officer Changes	CI
16/01	Thermax Limited Announces Resignation of Executive Vice President and Chief Human Resources Officer Jasmeet Bhatia, Effective January 16, 2026	CI

More news

Former Officers and Directors: Thermax Limited

Insider

Positions held

SinceUntil

Ravi Pandit

Director/Board Member	30/05/2017	08/05/2026
Independent Dir/Board Member	30/05/2017	08/05/2026

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

Satish Jayaram

Comptroller/Controller/Auditor

09/05/2025

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 Unnikrishnan

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

Ravinder Advani

Corporate Officer/Principal

17/10/2011

01/06/2019

Amitabha Mukhopadhyay

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

Gopal Mahadevan

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

R. R. Sonde

Chief Tech/Sci/R&D Officer

17/10/2011

S. Ramachandran

Corporate Officer/Principal

17/10/2011

Tapan Jamini Mitra

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

Sudhir Lale

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

Sudha Santhanam

Corporate Secretary

Arvind Prasad

Sales & Marketing

Suranjan Pramanik

Corporate Officer/Principal

Mahinder Nath

Corporate Officer/Principal

Anuja Mulay

Public Communications Contact

Parthivv Trivedi

Corporate Officer/Principal

R. V. Ramani

Corporate Officer/Principal

17/10/2011

Vikrant Deshmukh

Corporate Officer/Principal

N. Sundararajan

Director of Finance/CFO

Ravi Venkatesan

Director/Board Member

Abhay Mahadeo Nalawade

Chief Executive Officer

Partha Mukhopadhaya

Corporate Officer/Principal

Paresh Pradhan

Corporate Officer/Principal

Sunil Deo

Corporate Officer/Principal

Ahmed Bunglowala

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

Shishir Joshipura

Corporate Officer/Principal

Rahul Madan Bhamburkar

Corporate Officer/Principal

A. M. Roshan

Public Communications Contact

25/08/2010

Mahesh Nalavade

Corporate Secretary

Sanjeev Fadnavis

Corporate Officer/Principal

Balasaheb D. Patil

Corporate Officer/Principal

Akhja Haresh T.

Corporate Officer/Principal

Rohinton D. Aga

Founder

01/01/1966

A. S. Bhathena

Founder

01/01/1966

Age distribution of managers

Parity Men Women

Male	13
Female	4

Of which Executive Committee

Male	5
Female	2

Of which Directors

Male	6
Female	2

Revisions

Recommandations analystes

Évolution recommandations analystes 1 an

Évolution recommandations analystes 4 mois

Objectif analystes

Évolution objectif analystes 1 an

Évolution objectif analystes 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

More about the company