Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.[1]
History
Thermax was founded by A. S. Bhathena in 1966 as Wanson India Ltd, manufacturing package boilers. The company subsequently began manufacturing equipment related to cogeneration, air pollution control, water treatment and absorption refrigeration among others.[2][3]
In 1981, Bhathena was succeeded by his son-in-law Rohinton Aga as chairman. In February 1995, the company went public and listed on the Bombay Stock Exchange. After Aga's death in 1996, his wife Anu Aga took over the operations.[4]
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.[5][6]
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.[7]
See also
- List of boiler types, by manufacturer
References
- Sumantra Ghoshal, Gita Piramal, Christopher A. Bartlett. Managing Radical Change: What Indian Companies Must Do to Become World-class Penguin Books India, 2002^
- Thermax Limited CRISIL, retrieved 8 May 2025^
- Thermax Ltd The Times of India, retrieved 18 February 2011^
- Nehal Chaliawala. Thermax's big test: Can its energy transition bets revive investor confidence? Mint, 28 April 2025, retrieved 8 May 2025^
- Thermax-SPX JV to have combined investment of 250 mln Reuters, 2009-08-26, retrieved 2022-02-15^
- Thermax in JV with U.S. firm SPX Reuters, 2009-08-26, retrieved 2022-02-15^
- Thermax in JV with Babcock & Wilcox Business Standard India, 2010-03-10, retrieved 2022-02-15^