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Thermax Limited
Thermax House
14 Mumbai-Pune Road, Wakdewadi
Phone: +91 2025542122p:+91 2025542122 PUNE, 411003  India Ticker: THERMAXTHERMAX
Business Summary
Thermax Limited offers solutions in heating, cooling, power generation, water and wastewater treatment and recycling, pollution inhibition, and chemicals, prioritizing clean air, energy, and water. Its segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/systems, water and waste recycle, including associated services and engineering, procurement and construction (EPC). Industrial Infra segment offers EPC of power plants, boiler and heater (high capacity) plants, infra projects, bio-CNG projects, flue gas desulphurization projects include associated services. Chemical business manufactures and markets a range of resins, water treatment and specialty chemicals to help improve processes across various. Green Solutions segment offers opex-based green utilities and renewable energy solutions through the build-own-operate model.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20243/31/2024Yes----

Industries
SIC Code Description
1711 Plumbing, heating and air-conditioning
3443 Fabricated plate work (boiler shops)
3433 Heating equipment, except electric and warm air furnaces
3585 Air-conditioning and warm air heating equipment
1623 Water, sewer, pipeline, and communications and power line construction
3594 Fluid power pumps and motors
4961 Steam and air-conditioning supply
2869 Industrial organic chemicals, not elsewhere classified
2899 Chemicals and chemical preparations, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairperson of the Board MeherPudumjee 58 10/5/2004 1/1/1996
Chief Executive Officer, Managing Director, Executive Director AshishBhandari 9/1/2020 4/7/2020
Group Chief Financial Officer, Executive Vice President RajendranArunachalam 6/1/2019 6/1/2019
12 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
TSA Process Equipments Pvt Ltd 701, Star Hub 1, Hotel, Sahar Rd Mumbai India
Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd. Gat No. 301/2/1, Mumbai Bangalore Highway Pune Maharashtra India

Business Names
Business Name
500411
Buildtech Products India Private Limited
Danstoker A/S
10 additional Business Names available in full report.

General Information
Number of Employees: 2,830 (As of 3/31/2024)
Outstanding Shares: 112,634,070 (As of 9/30/2024)
Shareholders: 41,721
Stock Exchange: NSE
Fax Number: +91 2025541226


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Wednesday, November 20, 2024