Thermax celebrated 30 years of being listed on the National Stock Exchange (NSE). The event was marked by a bell-ringing ceremony at NSE Mumbai, attended by key figures including Meher Pudumjee and Ashish Bhandari. Since its listing in 1995, Thermax has evolved from a packaged boiler manufacturer into a comprehensive energy and sustainability solutions provider, showcasing significant financial and operational growth over the decades.
Thermax Marks Milestone
Thermax commemorated its 30th anniversary of listing on the National Stock Exchange (NSE) with a celebratory bell-ringing event in Mumbai. Key leaders, including Ashishkumar Chauhan of NSE, Meher Pudumjee, Chairperson of Thermax, and Ashish Bhandari, Managing Director & CEO of Thermax Ltd., were present, alongside board members and key stakeholders.
Evolution and Growth
Since its listing on August 30, 1995, Thermax has transformed from a packaged boiler and heating equipment manufacturer to a provider of energy transition and sustainability solutions. The company now pioneers clean air, clean energy, and clean water technologies.
Financial Performance Over Three Decades
Thermax has demonstrated substantial financial and operational growth. Revenue has increased from approximately Rs. 470 crores in FY 1995-96 to Rs. 10,389 crores in FY 2024-25. The company’s manufacturing footprint has expanded to include 16 world-class facilities, with 12 in India and four overseas.
Leadership Perspective
Meher Pudumjee, Chairperson of Thermax Limited, expressed pride and gratitude towards stakeholders. She reflected on the company’s values and the vision of its founders in building a responsible organization. This 30-year milestone on the NSE reflects stakeholders’ trust and the company’s dedication to honoring that trust.
About Thermax
Thermax Limited is a leading conglomerate in the energy and environment sector, offering clean air, clean energy, clean water, and chemical solutions. It operates 16 manufacturing facilities across India, Europe, and Southeast Asia, with over 45 Indian and international subsidiaries.
Source: BSE
