Thermax Marks 30 Years of Listing on NSE

09 Dec 2025 CW Team

Thermax has celebrated 30 years of its listing on the National Stock Exchange with a ceremonial bell-ringing event held in Mumbai. The occasion brought together NSE MD & CEO Ashishkumar Chauhan, Thermax Chairperson Meher Pudumjee, Managing Director and CEO Ashish Bhandari, board members, senior leaders and key stakeholders who have supported the company’s journey.

Listed on 30 August 1995, Thermax has evolved from a packaged boiler and heating equipment manufacturer into a global provider of energy transition and sustainability solutions. Established in 1966 as Wanson India by the late A S Bhathena, the company now delivers clean air, clean energy and clean water systems across international markets.

Thermax’s revenues have grown from about Rs 470 crore in FY1995–96 to Rs 10,389 crore in FY2024–25, supported by an expanding manufacturing footprint of 16 facilities worldwide — 12 in India and four overseas. The company highlighted this milestone as a reflection of longstanding stakeholder trust and its enduring commitment to responsible growth.

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