Thermax Ltd is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune.
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, air pollution control, water treatment 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. After Aga's death in 1996, his wife Anu Aga took over the operations.
In 2009, it signed a 51–49 joint venture with US firm SPX Corporation to provide equipment and services for the Indian power sector.
In 2010, it signed a joint venture agreement with US-based Babcock & Wilcox to manufacture super-critical boilers for the power sector.
Thermax Ne0
In 2024, Thermax launched Thermax Ne0, a business focused on gas enrichment solutions. This growth unit was established to address growing demand for cleaner energy alternatives and supports industrial decarbonization through biogas purification and upgradation technologies. Thermax Ne0 offers Vacuum Pressure Swing Adsorption (VPSA), Pressure Swing Adsorption (PSA) and Membrane Separation technologies for biogas purification. Along with these, this unit also offers Green Hydrogen and Oxygen Purification solutions.
