Thermax Limited (THERMAX.NS)

5,143.60 -21.20 (-0.41%) At close: 03:30PM IST

Thermax Limited

Thermax House
14, Mumbai-Pune Road Wakdewadi
Pune 411003
India
91 20 6605 1200
https://www.thermaxglobal.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Ashish Bhandari	MD, CEO & Additional Director	90.29M	N/A	1971
Mr. Rajendran Arunachalam	Executive VP & Group CFO	N/A	N/A	N/A
Ms. Janhavi Khele	Company Secretary & Compliance Officer	N/A	N/A	N/A
Dr. Amit Sethi	Executive VP and Chief Digital & Information Officer	N/A	N/A	N/A
Mr. Jasmeet Bhatia	Executive VP & Chief Human Resources Officer	N/A	N/A	N/A
Mr. Hemant Mohgaonkar	Executive VP & BU Head of New Energy	N/A	N/A	N/A
Mr. Pravin Karve	President of TBWES and P&ES	N/A	N/A	N/A
Mr. B. C. Mahesh	Executive VP & BU Head of Industrial Product Business	N/A	N/A	N/A
Mr. Bill Shukla	Executive VP of Industrial Products	N/A	N/A	N/A
Mr. Dinesh Mandhana	Executive VP & BU Head of Chemical	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The company offers vapour absorption and hybrid chillers, heat pumps, chiller-heaters, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, and air-cooled heat exchangers; and cogen/trigen power plants, flue gas desulphurisation, air cooled condensers, bio-CNG plants, waste heat recovery power plants, and refinery process units; and renewable energy solutions. It also provides oil and gas fired boilers, heat recovery boilers and systems, high pressure boilers, lean gas and solid fuel fired boilers, hot water generators, waste to energy boilers, fired heaters and process furnaces, waste heat recovery boilers, thermal oil heaters and vaporizers, hot water and air generators, and energy plants, as well as specialized services. In addition, the company offers air pollution control, and water and waste solutions; chemicals, such as ion exchange resins, oil field chemicals, performance, and construction chemicals; and steam engineering solutions. It serves agriculture, automobiles and auto components, aviation, biotechnology, cement, construction, and engineering and capital goods, as well as food and beverages, fast moving consumer goods, healthcare, hospitality, infrastructure, IT and datacenter, manufacturing, medical devices, metals, oil and gas, paper and pulp, pharmaceuticals, power, renewable energy, rubber, telecommunications, textiles, and wood industries. The company was incorporated in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.

Corporate governance

Thermax Limited’s ISS governance QualityScore as of 1 May 2024 is 7. The pillar scores are Audit: 7; Board: 4; Shareholder rights: 5; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.