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Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,970.30 INR | -0.05% |
|
-2.98% | -1.73% |
Business description: Thermax Limited
Number of employees: 5,601
Sales by Activity: Thermax Limited
| Fiscal Period: March | 2021 (INR) | 2022 (INR) | 2023 (INR) | 2024 (INR) | 2025 (INR) |
|---|---|---|---|---|---|
Industrial Infra | - | - | 3.93TCr | 4.46TCr | 4.71TCr |
Green Solutions | - | - | 362.71Cr | 507.06Cr | 689.88Cr |
Industrial Products | - | - | 3.34TCr | 4.06TCr | 4.53TCr |
Energy | 3.63TCr | 4.43TCr | - | - | - |
Chemical | 429.45Cr | 538.51Cr | 672.83Cr | 663.35Cr | 762.83Cr |
Inter Segment Assets | -60Cr | -138.37Cr | -211.26Cr | -357.37Cr | -307.57Cr |
Environment | 794.13Cr | 1.29TCr | - | - | - |
Geographical breakdown of sales: Thermax Limited
| Fiscal Period: March | 2021 (INR) | 2022 (INR) | 2023 (INR) | 2024 (INR) | 2025 (INR) |
|---|---|---|---|---|---|
India | 3.12TCr | 4.51TCr | 6.04TCr | 7.26TCr | 8.06TCr |
Outside India | 1.68TCr | 1.62TCr | 2.05TCr | 2.06TCr | 2.33TCr |
Executive Committee: Thermax Limited
| Manager | Title | Age | Since |
|---|---|---|---|
Ashish Bhandari
CEO | Chief Executive Officer | 54 | 07/04/2020 |
| Director of Finance/CFO | - | 01/06/2019 | |
Amit Sethi
CTO | Chief Tech/Sci/R&D Officer | - | 01/10/2022 |
Jasmeet Bhatia
ADM | Chief Administrative Officer | - | 19/11/2020 |
Sangeet Hunjan
CMP | Compliance Officer | - | 27/06/2025 |
Composition of the Board of Directors: Thermax Limited
| Director | Title | Age | Since |
|---|---|---|---|
| Chairman | 59 | 05/10/2004 | |
| Director/Board Member | - | 15/01/2001 | |
| Director/Board Member | 74 | 10/11/2016 | |
Ravi Pandit
BRD | Director/Board Member | 75 | 30/05/2017 |
Ashish Bhandari
BRD | Director/Board Member | 54 | 18/06/2020 |
Rajani Kesari
BRD | Director/Board Member | 54 | 14/11/2018 |
Ravi Gopinath
BRD | Director/Board Member | - | 10/11/2021 |
| Director/Board Member | 62 | 17/10/2023 | |
| Director/Board Member | 51 | 12/12/2024 |
Company details: Thermax Limited

Group companies: Thermax Limited
| Name | Category and Sector |
|---|---|
Thermax Instrumentation Ltd. | |
Thermax Babcock & Wilcox Energy Solutions Pvt Ltd.
Thermax Babcock & Wilcox Energy Solutions Pvt Ltd. Manufactures boilers for thermal power generation | |
Thermax Onsite Energy Solutions Ltd. | |
First Energy Pvt Ltd.
First Energy Pvt Ltd. Provides renewable energy solutions | |
Thermax, Inc.
Thermax, Inc. Manufactures cryogenic fluid vaporizers |
Other Industrial Machinery & Equipment
| Change | 5d. change | 1-year change | 3-years change | Capi.($) | ||
|---|---|---|---|---|---|---|
| -0.05% | -2.98% | -26.02% | +51.00% | 370.49Cr | ||
| -0.19% | +2.48% | +43.29% | +199.90% | 12TCr | ||
| -1.57% | +5.53% | +51.76% | +58.08% | 3.98TCr | ||
| +0.38% | +4.08% | +22.23% | +25.34% | 3.53TCr | ||
| +0.66% | +2.75% | -3.18% | +54.68% | 3.45TCr | ||
| +0.18% | +2.13% | +6.02% | +42.88% | 2.82TCr | ||
| +3.20% | +16.95% | +16.72% | +9.45% | 2.57TCr | ||
| +4.87% | +9.25% | +3.20% | +5.89% | 2.31TCr | ||
| -0.24% | +3.07% | +5.62% | +55.03% | 2.28TCr | ||
| +0.99% | +4.28% | +84.77% | +279.26% | 2.27TCr | ||
| Average | +0.86% | +4.49% | +20.44% | +78.15% | 3.55TCr | |
| Weighted average by Cap. | +0.50% | +4.89% | +29.65% | +107.90% |
Sector
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