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Engaged Employer
Thermax Limited
4.2
based on 3.2k Reviews
Company Overview
Associated Companies
Company Locations
Working at Thermax Limited
Company Summary
Thermax is a leading energy and environment solutions company in India providing heating, cooling, water and waste management, chemicals and power generation, and wastewater treatment plants
Overall Rating
4.2/5
based on 3.2k reviews
7% above
industry average
Highly rated for
Job Security, Company Culture, Skill Development
Work Policy
Work from office
69% employees reported
Monday to Saturday
39% employees reported
Flexible timing
64% employees reported
No travel
33% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
239 employees reported
Health insurance
211 employees reported
Office cab/shuttle
166 employees reported
Cafeteria
71 employees reported
View all benefits
About Thermax Limited
Founded in1966 (59 yrs old)
India Employee Count1k-5k
Global Employee Count5k-10k
India HeadquartersPune, Maharashtra, India
Office Locations
Websitethermaxglobal.com
Primary Industry
Other Industries
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Thermax, founded in 1966 and headquartered in Pune, India, is a ~ 1 billion USD company offering solutions in the energy and environment space and a trusted partner in energy transition. Serving over 90 countries, Thermax provides essential solutions to industries for clean air, clean energy, and clean water. Its offerings are categorised into Industrial Products, Industrial Infra, Green Solutions, and Chemicals segments.
Thermax’s Industrial Products segment includes heating, cooling, air pollution control, and water treatment solutions, featuring products like boilers, heaters, air pollution control and water and sewage treatment equipment and cooling machines that boost operational efficiency. The Industrial Infra segment comprises Thermax Babcock & Wilcox Energy Solutions (TBWES) for steam generation and waste heat recovery, and Projects & Energy Solutions (P&ES) that offers captive power plants, cogeneration systems and waste heat recovery plants under an engineering, procurement, and construction (EPC) model. The Green Solutions segment includes the New Energy business that provides green utility solutions through Thermax Onsite Energy Solutions Limited (TOESL), bio-CNG plant setup and operations through Thermax Bioenergy Solutions Private Limited (TBSPL) and renewable energy solutions via First Energy Private Limited (FEPL). Meanwhile, Thermax Chemical Solutions supplies industrial and commercial chemicals, including ion exchange resins, water treatment, oil field and construction chemicals such as concrete admixtures, industrial flooring, sealants, and adhesives, to name a few, to support industrial performance.
Additionally, Thermax’s operations and maintenance services are enhanced by its digital EDGE Live platform, which provides AI and IoT-driven monitoring and analytics for real-time asset optimisation.
With a network of 40+ Indian and international subsidiaries, 14 manufacturing facilities - 10 of which are in India and four overseas, 45 offices in India and overseas, and a team of over 5,000+ employees excluding contractual workforce, the company focusses on nurturing talent and promoting openness and inclusivity in the workplace.
Through the Thermax Foundation, its philanthropic arm, Thermax champions education, community upliftment, and equity. Its dedication to sustainability is deeply rooted in environmental, social, and governance (ESG) principles, with an emphasis on ethical conduct, transparency, and community support.
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Thermax Limited Ratings
based on 3.2k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
1.6k
4
1k
3
362
2
102
1
120
Category Ratings
4.3
Job Security
4.2
Company Culture
4.0
Skill Development
3.9
Work-Life Balance
3.9
Work Satisfaction
3.7
Salary & Benefits
3.5
Promotions/Appraisal
Thermax Limited is rated 4.2 out of 5 stars on AmbitionBox, based on 3.2k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Thermax Limited
based on 3k reviews
3.9
Rated by 140 Women
Rated 4.1 for Job Security and 4.0 for Company Culture
4.2
Rated by 2.9k Men
Rated 4.3 for Job Security and 4.2 for Company Culture
Work Policy at Thermax Limited
based on 322 reviews in last 6 months
Work from office
69%
Hybrid
27%
Permanent work from home
4%
Thermax Limited Reviews
Top mentions in Thermax Limited Reviews
+ 5 more
Compare Thermax Limited with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.2/5 based on 3.2k reviews | 4.2/5 based on 1.7k reviews | 3.9/5 based on 833 reviews | 4.1/5 based on 4.6k reviews |
Highly Rated for | Job Security Company culture Skill development | Job Security Work-Life balance Company culture | Work-Life balance Skill development | Job Security Work-Life balance Company culture |
Critically Rated for | No critically rated category | No critically rated category | Promotion/Appraisals | Promotion/Appraisals |
Primary Work Policy | Work from office 69% employees reported | Work from office 86% employees reported | Work from office 74% employees reported | Hybrid 64% employees reported |
Rating by Women Employees | 3.9 Good rated by 140 women | 4.3 Good rated by 199 women | 3.8 Good rated by 58 women | 4.0 Good rated by 699 women |
Rating by Men Employees | 4.2 Good rated by 2.9k men | 4.1 Good rated by 1.3k men | 4.0 Good rated by 733 men | 4.1 Good rated by 3.6k men |
Job Security | 4.3 Good | 4.2 Good | 3.5 Good | 4.1 Good |
View more
Thermax Limited Salaries
3.7
rated by 3.2k employees for salariesShift Incharge
(304 salaries)
Unlock
₹2.9 L/yr - ₹9.9 L/yr
Electrical Engineer
(250 salaries)
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₹2 L/yr - ₹7.3 L/yr
Safety Officer
(199 salaries)
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₹2.3 L/yr - ₹8.8 L/yr
Control Room Engineer
(177 salaries)
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₹2.5 L/yr - ₹6 L/yr
Deputy Manager
(157 salaries)
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₹7 L/yr - ₹20.1 L/yr
Mechanical Engineer
(141 salaries)
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₹1.8 L/yr - ₹9.5 L/yr
Project Manager
(140 salaries)
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₹5.6 L/yr - ₹21 L/yr
Senior Engineer
(136 salaries)
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₹3.9 L/yr - ₹12 L/yr
Project Engineer
(121 salaries)
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₹2 L/yr - ₹9.6 L/yr
Design Engineer
(116 salaries)
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₹2.1 L/yr - ₹10 L/yr
Thermax Limited Interview Questions
Interview questions by designation
Top Thermax Limited interview questions and answers
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Interview Process at Thermax Limited
based on 70 interviews in last 1 year
Interview Experience
4.3
Good
Difficulty level
Easy
13%
Moderate
75%
Hard
12%
People are getting interviews through
based on 148 Thermax Limited interviews
Job Portal
34%
Referral
18%
Company Website
14%
Campus Placement
9%
*25% candidates got the interview through other sources
High confidence
Thermax Limited Jobs
Thermax Limited News
View all
Stock Recommendations Today: Industrials, IT, Infrastructure On Brokerages' Radar
- Jefferies remains constructive on the Indian power and defense sectors and shares its top stock picks.
- CLSA expects HCL and Infosys to improve their fiscal 2025 guidance.
- Investec expects price hikes in cement rates, and Nuvama shares its outlook on road infrastructure and projects.
- Top picks from Jefferies include Siemens, HAL, Thermax, and Larsen & Toubro.
Bloomberg Quint | 2 Jan, 2025
Capital Goods Q3 Preview- Optimistic On Robust Order Book; Apar, Thermax Gets 'Hold' Among Others: Nirmal Bang
- Power Mech, Triveni Turbine expected to deliver strong topline growth on improved execution post strong order inflows
- Nirmal Bang remains optimistic about the capital goods sector in the near-to-medium term on the back of robust capex cycle and healthy order inflows
- Apar and Thermax receive a 'Hold' rating from Nirmal Bang
Bloomberg Quint | 31 Dec, 2024
Brokerage Views: Citi On Honasa, Jefferies On Thermax, Delhivery And More
- Honasa Consumer Ltd. faced a lower circuit in early trade as its second quarter performance disappointed the street. Citi shared a note on the same.
- Jefferies cut its target price on Delhivery Ltd. as the company reported an 81% decrease in net profit.
Bloomberg Quint | 18 Nov, 2024
Jefferies Maintains 'Buy' On Thermax, Cites Robust Orderbook, Strong Green Solutions Segment
- Jefferies maintains 'buy' rating on Thermax citing robust orderbook and strong green solutions segment.
- Thermax reported a 70% year-on-year jump in order flows fueled by strong performance across industrial products and infrastructure, which together account for 87% of the company's revenue.
- Margins for industrial infrastructure stabilised, recovering to 7.5% after being impacted by cost overruns in the first quarter.
- The green solutions segment continues to bolster Thermax's positioning, with strong EBIT margins and operational efficiencies.
Bloomberg Quint | 18 Nov, 2024
Thermax Expects Higher Order Inflow In Second Half
- Thermax Ltd. reported solid Q2 results, surpassing estimates on revenue, margins, and net profit.
- CEO Ashish Bhandari expects larger order inflows in the next two quarters.
- Thermax's international business outperformed its Indian segment in the second quarter.
- Bhandari expects a rebound in domestic performance during the second half of the fiscal year.
Bloomberg Quint | 18 Nov, 2024
Thermax, Deepak Nitrite, Brigade Enterprises, Crompton, Happiest Minds, PNC & More Q2 Review: HDFC Securities
- HDFC Securities has released the Q2 review for various companies including Thermax, Deepak Nitrite, Brigade Enterprises, Crompton, Happiest Minds, and PNC.
- The brokerage maintains a 'Buy' rating on Thermax and a 'Sell' rating on Deepak Nitrite.
- The detailed research reports offer insights into these companies and sectors, providing subscribers with a deeper understanding of the economy.
- NDTV Profit subscribers can unlock and enjoy the subscriber-only benefits, including access to stories, research reports, curated newsletters, priority pass to special events, and more.
Bloomberg Quint | 16 Nov, 2024
Stock Market Today: All You Need To Know Going Into Trade On Nov. 14
- The US stock markets opened on a flat note on Wednesday, as the rally triggered by Donald Trump's presidential poll victory looks to halt.
- The NSE Nifty 50 ended at over a four-month low for the second session in a row.
- Overseas investors remained net sellers of Indian equities for the 33rd consecutive session on Wednesday.
- Avanti Feeds, Bharat Forge, and Cipla are in focus today as their earnings are declared.
- Thermax, Eicher Motors, Astrazeneca Pharma, Vodafone Idea, Forty stocks are scheduled to announce quarterly results after-market hours on Friday.
- The Indian rupee closed flat at 84.38 against the US dollar on Wednesday, holding near its all-time low of 84.4162.
- Wipro, Indian Overseas Bank, Tata Communications, and Tata Power are some stocks to keep an eye on.
- Niva Bupa Health Insurance Company's shares debut on Thursday.
- The public issue of Zinka Logistics Solution was subscribed to 0.24 times on day 1.
- PNB Housing Finance and Uflex were pledged by their promoters.
Bloomberg Quint | 14 Nov, 2024
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Thermax Limited Subsidiaries
Thermax Babcock Wilcox Energy Solutions
4.3
• 259 reviews
Thermax Engineering Construction Company
3.9
• 48 reviews
Thermax Instrumentation
4.2
• 34 reviews
Thermax On Site Energy Solution
4.1
• 33 reviews
First Energy
4.0
• 27 reviews
Thermodynamic Services
4.3
• 26 reviews
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Thermax Limited FAQs
When was Thermax Limited founded?
Thermax Limited was founded in 1966. The company has been operating for 59 years primarily in the Industrial Machinery sector.
Where is the Thermax Limited headquarters located?
Thermax Limited is headquartered in Pune, Maharashtra and has an office in Pune
How many employees does Thermax Limited have in India?
Thermax Limited currently has more than 3,300+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Thermax Limited based on the number of reviews submitted on AmbitionBox.
Does Thermax Limited have good work-life balance?
Thermax Limited has a Work-Life Balance Rating of 3.9 out of 5 based on 3,100+ employee reviews on AmbitionBox. 82% employees rated Thermax Limited 4 or above, while 18% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Thermax Limited work-life balance reviews for more details
Is Thermax Limited good for career growth?
Career growth at Thermax Limited is rated fairly well, with a promotions and appraisal rating of 3.5. 82% employees rated Thermax Limited 4 or above, while 18% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Thermax Limited promotions/appraisals reviews for more detailed insights.
What are the pros of working in Thermax Limited?
Working at Thermax Limited offers several advantages that make it an appealing place for employees. The company is highly rated for job security, company culture and skill development, based on 3,100+ employee reviews on AmbitionBox.
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