Thermax Ltd is an Indian multinational
engineering
Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...
conglomerate, involved in
clean air
Air pollution is the presence of substances in the Atmosphere of Earth, air that are harmful to humans, other living beings or the environment. Pollutants can be Gas, gases like Ground-level ozone, ozone or nitrogen oxides or small particles li ...
,
clean energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and s ...
and
clean water
Water pollution (or aquatic pollution) is the contamination of water bodies, with a negative impact on their uses. It is usually a result of human activities. Water bodies include lakes, rivers, oceans, aquifers, reservoirs and groundwater. ...
, headquartered in
Pune
Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...
.
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
Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time.
Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from elec ...
, air pollution control,
water treatment
Water treatment is any process that improves the quality of water to make it appropriate for a specific end-use. The end use may be drinking, industrial water supply, irrigation, river flow maintenance, water recreation or many other uses, ...
and
absorption refrigeration among others.
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
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024.
Established with t ...
. After Aga's death in 1996, his wife
Anu Aga
Anu Aga (born 3 August 1942) is an Indian billionaire businesswoman and social worker who led Thermax, an energy and environment engineering business, as its chairperson from 1996 to 2004. She was among the eight richest Indian women, and in 20 ...
took over the operations.
In 2009, it signed a 51–49 joint venture with
US firm
SPX Corporation
SPX Corporation is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and gen ...
to provide equipment and services for the Indian power sector.
In 2010, it signed a joint venture agreement with
US-based
Babcock & Wilcox
Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their stea ...
to manufacture super-critical boilers for the power sector.
See also
*
List of boiler types, by manufacturer
There have been a vast number of designs of steam boiler, particularly towards the end of the 19th century when the technology was evolving rapidly. A great many of these took the names of their originators or primary manufacturers, rather than a m ...
References
{{Authority control
Heating, ventilation, and air conditioning companies
Manufacturing companies established in 1980
Manufacturing companies based in Pune
Multinational companies headquartered in India
Engineering companies of India
Indian brands
Indian companies established in 1980
1980 establishments in Maharashtra
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange