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Thermax Limited.
Since 1980, Thermax Limited. has maintained a presence in the industry for 46 years. The company is identified by CIN L29299PN1980PLC022787 and reg. no. 22787. This entity is incorporated as company limited by shares. Thermax Limited. is authorized to hold share capital worth ₹75.00 crore. Paid-up capital for the company equals ₹23.83 crore.
The company specializes in manufacture of machinery and equipment n.e.c operations. Registered under the jurisdiction of Pune. Thermax Limited.’s registered office is at D-13 Midc Ind Arear D Aga Road Chinchwad, Pune, Maharashtra, India, 411019. Currently, the company’s operational status is active. The company’s Permanent Account Number (PAN) is AAACT3910D. The company has been issued the Legal Entity Identifier code 33580013S142QYY9TR81. The designated company email address is Janhavi.khele@thermaxglobal.com. The company is led by Rajendran Arunachalam (CFO) and Rajendran Arunachalam (CFO).
Company Overview
- CIN
- Date of Incorporation
- 29/06/1980
- Company Status
- Active
- RoC
- Pune
- Registration Number
- Balance sheet date
- 31/03/2025
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹75,00,00,000.00
- Paid up Capital
- ₹23,83,12,600.00
- Activity
- Manufacture Of Machinery And Equipment N.E.C.
- Janhavi.khele@thermaxglobal.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Arunachal Pradesh | 12AAACT3910D1Z3 | Active |
| Assam | 18AAACT3910D1ZR | Active |
| Andhra Pradesh | 37AAACT3910D1ZR | Active |
| Bihar | 10AAACT3910D1Z7 | Active |
| Chhattisgarh | 22AAACT3910D1Z2 | Active |
| Chandigarh | 04AAACT3910D1Z0 | Inactive |
| 04AAACT3910D2ZZ | Active | |
| Delhi | 07AAACT3910D1ZU | Active |
| Dadra and Nagar Haveli and Daman and Diu | 26AAACT3910D1ZU | Active |
| Gujarat | 24AAACT3910D3ZW | Inactive |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE152A01029 | THERMAX LIMITED EQ NEW FV RS.2/- | - | 12/10/2026 | THERMAX/SH VTG | ESVUFN |
| IN8152A01010 | THERMAX LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | THERMAX/SH VTG | ESVUFN |
| INE152A04015 | THERMAX LIMITED 6% PREF 210906 | - | 03/08/2005 | THERMAX/6 NCUM PREF | EPVRFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹4,40,167.00L | ₹3,33,307.00L | ₹2,49,976.00L | ₹1,79,689.00L | ₹0.00L |
| Net Debt | ₹1,61,356.00L | ₹1,27,679.00L | ₹76,882.00L | ₹35,772.00L | ₹0.00L |
| Goodwill | ₹8,019.00L | ₹8,019.00L | ₹303.00L | ₹303.00L | ₹0.00L |
| Gross PPE | ₹5,70,541.00L | ₹4,46,589.00L | ₹3,51,376.00L | ₹2,70,018.00L | ₹0.00L |
| Inventory | ₹90,950.00L | ₹71,655.00L | ₹76,490.00L | ₹75,563.00L | ₹0.00L |
| Total Debt | ₹2,37,195.00L | ₹1,73,377.00L | ₹1,29,554.00L | ₹85,133.00L | ₹0.00L |
| Common Stock | ₹2,253.00L | ₹2,253.00L | ₹2,252.00L | ₹2,252.00L | ₹0.00L |
| Current Debt | ₹67,218.00L | ₹53,179.00L | ₹46,647.00L | ₹38,802.00L | ₹0.00L |
| Share Issued | ₹1,191.56L | ₹1,191.56L | ₹1,191.56L | ₹1,191.56L | ₹0.00L |
| Total Assets | ₹13,28,211.00L | ₹11,41,209.00L | ₹10,15,301.00L | ₹8,83,861.00L | ₹0.00L |
| Capital Stock | ₹2,253.00L | ₹2,253.00L | ₹2,252.00L | ₹2,252.00L | ₹0.00L |
| Long Term Debt | ₹1,61,583.00L | ₹1,16,155.00L | ₹78,948.00L | ₹42,252.00L | ₹0.00L |
| Current Assets | ₹7,10,880.00L | ₹6,69,605.00L | ₹6,44,863.00L | ₹6,08,016.00L | ₹0.00L |
| Prepaid Assets | ₹58,470.00L | ₹63,385.00L | ₹66,493.00L | ₹47,369.00L | ₹0.00L |
| Working Capital | ₹1,28,844.00L | ₹1,68,689.00L | ₹1,72,328.00L | ₹1,67,097.00L | ₹0.00L |
| Invested Capital | ₹7,83,798.00L | ₹6,63,023.00L | ₹5,69,575.00L | ₹4,67,861.00L | ₹0.00L |
| Other Properties | ₹2,86,788.00L | ₹2,61,519.00L | ₹1,87,449.00L | ₹1,21,595.00L | ₹0.00L |
| Retained Earnings | ₹4,77,336.00L | ₹4,14,460.00L | ₹3,71,064.00L | ₹3,14,157.00L | ₹0.00L |
| Common Stock Equity | ₹5,54,997.00L | ₹4,93,689.00L | ₹4,43,980.00L | ₹3,86,807.00L | ₹0.00L |
| Net Tangible Assets | ₹5,32,027.00L | ₹4,74,445.00L | ₹4,40,273.00L | ₹3,83,585.00L | ₹0.00L |
| Tangible Book Value | ₹5,32,027.00L | ₹4,74,445.00L | ₹4,40,273.00L | ₹3,83,585.00L | ₹0.00L |
| Current Liabilities | ₹5,82,036.00L | ₹5,00,916.00L | ₹4,72,535.00L | ₹4,40,919.00L | ₹0.00L |
| Long Term Provisions | ₹4,771.00L | ₹4,038.00L | ₹4,243.00L | ₹3,840.00L | ₹0.00L |
| Stockholders Equity | ₹5,54,997.00L | ₹4,93,689.00L | ₹4,43,980.00L | ₹3,86,807.00L | ₹0.00L |
| Other Equity Interest | ₹824.00L | ₹597.00L | ₹597.00L | ₹252.00L | ₹0.00L |
| Total Capitalization | ₹7,16,580.00L | ₹6,09,844.00L | ₹5,22,928.00L | ₹4,29,059.00L | ₹0.00L |
| Hedging Assets Current | ₹1,095.00L | ₹1,623.00L | ₹274.00L | ₹385.00L | ₹0.00L |
| Ordinary Shares Number | ₹1,126.49L | ₹1,126.40L | ₹1,126.21L | ₹1,126.15L | ₹0.00L |
| Other Intangible Assets | ₹14,951.00L | ₹11,225.00L | ₹3,404.00L | ₹2,919.00L | ₹0.00L |
| Other Non Current Assets | ₹19,096.00L | ₹22,219.00L | ₹16,496.00L | ₹21,253.00L | ₹0.00L |
| Total Non Current Assets | ₹6,17,331.00L | ₹4,71,604.00L | ₹3,70,493.00L | ₹2,75,845.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹67,445.00L | ₹41,655.00L | ₹48,713.00L | ₹45,282.00L | ₹0.00L |
| Construction In Progress | ₹1,53,379.00L | ₹71,788.00L | ₹62,527.00L | ₹58,094.00L | ₹0.00L |
| Accumulated Depreciation | -₹1,30,374.00L | -₹1,13,282.00L | -₹1,01,400.00L | -₹90,329.00L | ₹0.00L |
| Additional Paid In Capital | ₹18,021.00L | ₹17,759.00L | ₹11,905.00L | ₹11,762.00L | ₹0.00L |
| Other Short Term Investments | ₹1,78,622.00L | ₹2,30,416.00L | ₹1,85,159.00L | ₹2,09,827.00L | ₹0.00L |
| Other Non Current Liabilities | ₹4,218.00L | ₹3,650.00L | ₹2,807.00L | ₹2,164.00L | ₹0.00L |
| Machinery Furniture Equipment | ₹2,89,409.00L | ₹2,58,667.00L | ₹1,87,197.00L | ₹1,13,563.00L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹22,970.00L | ₹19,244.00L | ₹3,707.00L | ₹3,222.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹5,57,919.00L | ₹4,94,258.00L | ₹4,43,980.00L | ₹3,87,022.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹7,70,292.00L | ₹6,46,951.00L | ₹5,71,321.00L | ₹4,96,839.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹68,208.00L | ₹53,952.00L | ₹47,465.00L | ₹40,104.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹1,68,987.00L | ₹1,19,425.00L | ₹82,089.00L | ₹45,029.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹2,46,067.00L | ₹2,72,071.00L | ₹2,33,872.00L | ₹2,55,109.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹1,88,256.00L | ₹1,46,035.00L | ₹98,786.00L | ₹55,920.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | -₹41,085.00L | ₹17,712.00L | -₹59,664.00L | -₹20,466.00L | ₹0.00L |
| Changes In Cash | ₹20,212.00L | -₹6,968.00L | ₹2,349.00L | ₹12,842.00L | ₹0.00L |
| End Cash Position | ₹63,620.00L | ₹41,184.00L | ₹46,675.00L | ₹44,773.00L | ₹0.00L |
| Financing Cash Flow | ₹24,763.00L | ₹12,252.00L | ₹28,540.00L | ₹34,854.00L | ₹0.00L |
| Investing Cash Flow | -₹58,706.00L | -₹1,27,199.00L | -₹50,921.00L | -₹67,968.00L | ₹0.00L |
| Operating Cash Flow | ₹54,155.00L | ₹1,07,979.00L | ₹24,730.00L | ₹45,956.00L | ₹0.00L |
| Capital Expenditure | -₹95,240.00L | -₹90,267.00L | -₹84,394.00L | -₹66,422.00L | ₹0.00L |
| Beginning Cash Position | ₹41,184.00L | ₹46,675.00L | ₹44,773.00L | ₹30,344.00L | ₹0.00L |
| Issuance Of Capital Stock | ₹0.00L | ₹1.00L | ₹1.00L | ₹0.00L | ₹0.00L |
| Other Cash Adjustment Outside Changein Cash | ₹2,224.00L | ₹442.00L | ₹0.00L | ₹0.00L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | ₹1,14,323.00L | ₹99,864.00L | ₹95,499.00L | ₹64,022.00L | ₹0.00L |
| EBITDA | ₹1,35,087.00L | ₹1,15,715.00L | ₹1,10,307.00L | ₹75,708.00L | ₹0.00L |
| Net Income | ₹72,050.00L | ₹63,447.00L | ₹64,528.00L | ₹45,029.00L | ₹31,231.00L |
| Gross Profit | ₹4,82,656.00L | ₹4,24,932.00L | ₹3,78,922.00L | ₹3,17,911.00L | ₹0.00L |
| Pretax Income | ₹1,00,794.00L | ₹88,447.00L | ₹86,896.00L | ₹60,306.00L | ₹0.00L |
| Tax Provision | ₹28,768.00L | ₹25,777.00L | ₹22,577.00L | ₹15,236.00L | ₹0.00L |
| Total Revenue | ₹10,64,255.00L | ₹10,26,808.00L | ₹9,23,724.00L | ₹8,03,390.00L | ₹6,12,833.00L |
| Cost Of Revenue | ₹5,81,599.00L | ₹6,01,876.00L | ₹5,44,802.00L | ₹4,85,479.00L | ₹0.00L |
| Total Expenses | ₹9,68,959.00L | ₹9,41,786.00L | ₹8,55,809.00L | ₹7,50,395.00L | ₹0.00L |
| Interest Income | ₹11,015.00L | ₹9,382.00L | ₹11,196.00L | ₹8,943.00L | ₹0.00L |
| Interest Expense | ₹13,529.00L | ₹11,417.00L | ₹8,603.00L | ₹3,716.00L | ₹0.00L |
| Operating Income | ₹95,296.00L | ₹85,022.00L | ₹67,915.00L | ₹52,995.00L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹1,22,241.00L | ₹1,12,241.00L | ₹1,00,450.00L | ₹75,378.00L | ₹0.00L |
| Normalized Income | ₹62,870.43L | ₹60,985.46L | ₹57,232.01L | ₹44,782.37L | ₹0.00L |
| Operating Expense | ₹3,87,360.00L | ₹3,39,910.00L | ₹3,11,007.00L | ₹2,64,916.00L | ₹0.00L |
| Operating Revenue | ₹10,64,255.00L | ₹10,26,808.00L | ₹9,23,724.00L | ₹8,03,390.00L | ₹0.00L |
| Net Interest Income | -₹2,881.00L | -₹2,296.00L | ₹2,437.00L | ₹5,184.00L | ₹0.00L |
| Total Unusual Items | ₹12,846.00L | ₹3,474.00L | ₹9,857.00L | ₹330.00L | ₹0.00L |
| Total Other Finance Cost | ₹367.00L | ₹261.00L | ₹156.00L | ₹43.00L | ₹0.00L |
| Other Operating Expenses | ₹42,957.00L | ₹38,443.00L | ₹33,902.00L | ₹27,992.00L | ₹0.00L |
| Reconciled Depreciation | ₹20,764.00L | ₹15,851.00L | ₹14,808.00L | ₹11,686.00L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹5,81,599.00L | ₹6,01,876.00L | ₹5,44,802.00L | ₹4,85,479.00L | ₹0.00L |
| Rent Expense Supplemental | ₹3,040.00L | ₹2,971.00L | ₹2,605.00L | ₹2,305.00L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹3,666.43L | ₹1,012.46L | ₹2,561.01L | ₹83.37L | ₹0.00L |
| Interest Income Non Operating | ₹11,015.00L | ₹9,382.00L | ₹11,196.00L | ₹8,943.00L | ₹0.00L |
| Selling And Marketing Expense | ₹31,389.00L | ₹28,217.00L | ₹24,083.00L | ₹25,911.00L | ₹0.00L |
| Interest Expense Non Operating | ₹13,529.00L | ₹11,417.00L | ₹8,603.00L | ₹3,716.00L | ₹0.00L |
| Net Income Common Stockholders | ₹72,050.00L | ₹63,447.00L | ₹64,528.00L | ₹45,029.00L | ₹0.00L |
| Net Income Continuous Operations | ₹72,026.00L | ₹62,670.00L | ₹64,319.00L | ₹45,070.00L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | ₹72,050.00L | ₹63,447.00L | ₹64,528.00L | ₹45,029.00L | ₹0.00L |
| General And Administrative Expense | ₹20,625.00L | ₹18,355.00L | ₹17,358.00L | ₹14,205.00L | ₹0.00L |
| Selling General And Administration | ₹52,014.00L | ₹46,572.00L | ₹41,441.00L | ₹40,116.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | ₹12,846.00L | ₹3,474.00L | ₹9,857.00L | ₹330.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | -₹2,881.00L | -₹2,296.00L | ₹2,437.00L | ₹5,184.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹72,026.00L | ₹62,670.00L | ₹64,319.00L | ₹45,070.00L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | ₹72,050.00L | ₹63,447.00L | ₹64,528.00L | ₹45,029.00L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | ₹72,050.00L | ₹63,447.00L | ₹64,528.00L | ₹45,029.00L | ₹0.00L |
Company Performance (FY22–FY26)
₹10.6 K Cr₹8.0 K Cr₹5.3 K Cr₹2.7 K Cr₹0
FY22FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 15/01/2001 | Meher Pheroz Pudumjee | 00019581 | Director | View other directorships |
| 15/01/2001 | Pheroz Naswanjee Pudumjee | 00019602 | Director | View other directorships |
| 10/11/2016 | Harsh Charandas Mariwala | 00210342 | Director | View other directorships |
| 30/05/2017 | Shashishekhar Pandit Balkrishna | 00075861 | Director | View other directorships |
| 14/11/2018 | Rajani Kesari | 02384170 | Director | View other directorships |
| 01/06/2019 | Rajendran Arunachalam | *****7786L | CFO | |
| 18/06/2020 | Ashish Bhandari | 05291138 | Managing Director | View other directorships |
| 10/11/2021 | Ravi Shankar Gopinath | 00803847 | Director | View other directorships |
| 17/10/2023 | Shyamak Ramyar Tata | 07297729 | Director | View other directorships |
| 12/12/2024 | Parag Chandulal Shah | 00374944 | Director | View other directorships |
| 27/06/2025 | Sangeet Kaur Hunjan | *****1877R | Company Secretary |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 11
- Ashish BhandariManaging Director
- Parag Chandulal ShahDirector
- Shyamak Ramyar TataDirector
- Ravi Shankar GopinathDirector
- Rajani KesariDirector
- Shashishekhar Pandit BalkrishnaDirector
- Harsh Charandas MariwalaDirector
- Meher Pheroz PudumjeeDirector
- Pheroz Naswanjee PudumjeeDirector
- Sangeet Kaur HunjanCompany Secretary
- Rajendran ArunachalamCFO
Subsidiaries 5
- Thermax Instrumentation LimitedDirect
- Thermax Babcock & Wilcox Energy Solutions LimitedDirect
- Thermax Onsite Energy Solutions LimitedDirect
- First Energy Private LimitedDirect
- Thermax Inc.Direct
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 29/11/2024 | Form Addendum to AOC-4 CSR-29112024_signed | - |
| 11/09/2024 | Form MGT-7-11092024_signed | - |
| 27/08/2024 | Form AOC-4(XBRL)-27082024_signed | - |
| 11/03/2024 | Form Addendum to AOC-4 CSR-11032024_signed | - |
Charges
| SRN | Date | Amount | Holder |
|---|---|---|---|
| AB2816353 | 11/02/2025 | ₹2,50,00,00,000.00 | Axis Bank Limited |
| T62545199 | 15/11/2021 | ₹3,30,00,00,000.00 | Bank Of Baroda |
| T26445288 | 15/06/2021 | ₹5,20,00,00,000.00 | Icici Bank Limited |
| AB5248227 | 24/05/2021 | ₹2,00,00,00,000.00 | The Hongkong And Shanghai Banking Corporation Limited |
| AA1486491 | 19/05/2021 | ₹3,00,00,00,000.00 | Kotak Mahindra Bank Limited |
| AB3706481 | 18/05/2021 | ₹3,20,00,00,000.00 | Union Bank Of India Limited |
| T14746663 | 17/03/2021 | ₹4,50,00,00,000.00 | Citi Bank N.a. |
| T87060620 | 30/09/2010 | ₹28,68,580.00 | Biotechnology Industry Research Assistance Council |
| T70271093 | 05/02/1999 | ₹27,85,00,00,000.00 | Union Bank Of India Limited |
| C28698728 | 27/01/1998 | ₹15,00,000.00 | Union Bank Of India |
| C25512005 | 25/02/1997 | ₹2,60,00,000.00 | Corporation Bank |
| A17814641 | 14/12/1995 | ₹12,30,00,000.00 | Union Bank Of India |
| A16274086 | 10/11/1995 | ₹4,90,00,000.00 | Canara Bank |
| A25602244 | 24/09/1990 | ₹13,51,800.00 | Union Bank Of India |
| A17813825 | 24/09/1990 | ₹6,65,900.00 | Union Bank Of India |
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| National Model Industries Ltd | L29291WB1939PLC009925 | 19 Sardarsankar Rd; Kolkata; West Bengal; 700029; India |
Direct/Ultimate Children
| Type | Legal Name | LEI code |
|---|---|---|
| Direct | Thermax Instrumentation Limited | 3358007P3ZM43KDZ2T37 |
| Direct | Thermax Babcock & Wilcox Energy Solutions Limited | 33580088AQWTBNUB8J86 |
| Direct | Thermax Onsite Energy Solutions Limited | 3358009J1K7TG8EUG687 |
| Direct | First Energy Private Limited | 335800HHQKX7I1JHAY87 |
| Direct | Thermax Inc. | 549300K2UK7RNWUM3T11 |
Address
D-13 Midc Ind Arear D Aga Road Chinchwad, Pune, Maharashtra, India, 411019
Frequently Asked Questions
What is the incorporation date of Thermax Limited.?
The incorporation date of Thermax Limited. is 29/06/1980.
What is the authorized share capital and paid-up capital of Thermax Limited.?
The authorized share capital of Thermax Limited. is ₹75,00,00,000.00. The paid-up capital is ₹23,83,12,600.00.
Who are the current board members & directors of Thermax Limited.?
The current board member of Thermax Limited. are:
- Ashish Bhandari
- Harsh Charandas Mariwala
- Ravi Shankar Gopinath
- Rajendran Arunachalam
- Meher Pheroz Pudumjee
- Pheroz Naswanjee Pudumjee
- Shashishekhar Pandit Balkrishna
- Rajani Kesari
- Sangeet Kaur Hunjan
- Parag Chandulal Shah
- Shyamak Ramyar Tata
What is the registered address of Thermax Limited.?
The registered address of Thermax Limited. is D-13 Midc Ind Arear D Aga Road Chinchwad, Pune, Maharashtra, India, 411019.
What is the Corporate Identification Number of Thermax Limited.?
The Corporate Identification Number of Thermax Limited. is L29299PN1980PLC022787.