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Engaged Employer
Thermax Limited
4.2
based on 3.6k 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 3.6k reviews
8% above
industry average
Highly rated for
Job security, Company culture, Work-life balance
Work Policy
Work from office
66% employees reported
Monday to Saturday
40% employees reported
Flexible timing
64% employees reported
No travel
34% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
238 employees reported
Health insurance
211 employees reported
Office cab/shuttle
165 employees reported
Cafeteria
70 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 3.6k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
1.8k
4
1.2k
3
415
2
129
1
141
Category Ratings
4.3
Job security
4.1
Company culture
4.0
Work-life balance
4.0
Skill development
3.9
Work satisfaction
3.8
Salary
3.5
Promotions
Thermax Limited is rated 4.2 out of 5 stars on AmbitionBox, based on 3.6k 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 3.5k reviews
3.9
Rated by 162 Women
Rated 4.1 for Job security and 4.0 for Work-life balance
4.2
Rated by 3.3k Men
Rated 4.3 for Job security and 4.1 for Company culture
Work Policy at Thermax Limited
based on 502 reviews in last 6 months
Work from office
66%
Hybrid
27%
Permanent work from home
7%
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 3.6k reviews | 4.0/5 based on 3.6k reviews | 4.1/5 based on 3k reviews | 4.3/5 based on 3.5k reviews |
Highly Rated for | Job security Company culture Skill development | Company culture Work-life balance Skill development | Job security Work-life balance Company culture | Company culture Work-life balance Skill development |
Critically Rated for |  No critically rated category | Promotions | Promotions | No critically rated category |
Primary Work Policy | Work from office 66% employees reported | Work from office 53% employees reported | Hybrid 53% employees reported | Work from office 50% employees reported |
Rating by Women Employees | 3.9 Good rated by 162 women | 4.0 Good rated by 462 women | 3.9 Good rated by 397 women | 4.2 Good rated by 916 women |
Rating by Men Employees | 4.2 Good rated by 3.3k men | 4.1 Good rated by 3k men | 4.2 Good rated by 2.4k men | 4.3 Good rated by 2.4k men |
Job security | 4.3 Good | 3.7 Good | 4.2 Good | 3.8 Good |
View more
Thermax Limited Salaries
Thermax Limited salaries have received with an average score of 3.8 out of 5 by 3.6k employees.
Shift Incharge
(324 salaries)
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₹3.6 L/yr - ₹8.1 L/yr
Electrical Engineer
(262 salaries)
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₹2.4 L/yr - ₹7.2 L/yr
Control Room Engineer
(208 salaries)
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₹2.5 L/yr - ₹7 L/yr
Safety Officer
(201 salaries)
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₹3.6 L/yr - ₹7.5 L/yr
Deputy Manager
(184 salaries)
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₹11.9 L/yr - ₹22 L/yr
Mechanical Engineer
(151 salaries)
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₹3.5 L/yr - ₹8 L/yr
Senior Engineer
(138 salaries)
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₹4.6 L/yr - ₹9.8 L/yr
Project Manager
(136 salaries)
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₹10 L/yr - ₹18 L/yr
Project Engineer
(127 salaries)
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₹4.4 L/yr - ₹10 L/yr
Design Engineer
(126 salaries)
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₹4 L/yr - ₹9 L/yr
Thermax Limited Interview Questions
A Control Room Engineer was asked 12mo agoQ. In a back pressure turbine, if the inlet flow is 40 TPH but the outlet...read more
A Shift Incharge was asked 10mo agoQ. What causes boiler scale buildup?
A Safety Officer was asked Q. What are the key safety points for boilers?
A Senior Engineer was asked 3mo agoQ. What is the process of alignment?
A Territory Sales Manager was asked Q. Explain the necessity for flow optimization in heat exchangers.
Thermax Limited Jobs
Popular Designations Thermax Limited Hires for
Popular Skills Thermax Limited Hires for
Current Openings
Thermax Limited News
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MSCI May Rejig: Coromandel, Paytm, Nykaa Set For Big Inflows
- MSCI India Standard Index rebalancing is set to take place with anticipated inclusions of Coromandel International Ltd., Paytm-parent One 97 Communications Ltd., and Nykaa operator FSN E Commerce Ventures Ltd.
- Coromandel International may witness an inflow of $204 million, while Paytm and FSN E-Commerce Ventures are expected to receive $194 million and $173 million in inflows, respectively.
- Thermax Ltd. is likely to be deleted from the MSCI index, potentially resulting in an outflow of $126 million.
- The MSCI index rebalancing is significant for passive fund flows into Indian equities, impacting foreign portfolio investors' allocations, liquidity, and stock valuations.
Bloomberg Quint | 13 May, 2025
Bajaj Electricals, Britannia, ABB, Thermax, Birla Corp, Jyothy Labs, Fine Organic, Alkyl Amines Q4 Review
- HDFC Securities recommends 'Buy' rating on Thermax, Jyothy Labs, Birla Corp, Bajaj Electricals.
- 'Add' rating advised on Britannia, ABB.
- 'Sell' call given on Fine Organic, 'Reduce' rating on Alkyl Amines.
- Britannia Industries Ltd.'s Q4 FY25 results were mixed.
- Volume growth below estimates, profitability improved due to reduced ad spends and cost efficiencies.
Bloomberg Quint | 13 May, 2025
Stock Market Live: Gift Nifty Implies Positive As India-Pakistan Tensions Ease On Ceasefire
- The GIFT Nifty was trading 1.96% or 472.50 points higher at 24,554.50 as of 7:07 a.m., indicating a positive open for Nifty 50 due to easing tensions between India and Pakistan.
- India and Pakistan agreed to a ceasefire over the weekend, bringing relief to traders, although there were reports of ceasefire violations from the Pakistan side.
- US share indices ended on a mixed note as traders awaited US-China trade talks, with Dow Jones Industrial Average and S&P 500 ending down, and Nasdaq Composite ending flat.
- Traders are monitoring companies like Dr. Reddy's Laboratories Ltd., BEML Ltd., Manappuram Finance Ltd., and Thermax India Ltd., as the benchmark equity index snapped its three-week gaining streak on Friday.
Bloomberg Quint | 12 May, 2025
Q4 Results Live: Dr. Reddy’s, ABB, Swiggy, Thermax Among 70 Firms Declaring Earnings Today
- Nearly 70 companies, including Dr. Reddy’s Laboratories, ABB India, Swiggy, Thermax, and Reliance Power, are set to declare their financial results for the January–March quarter today, offering insights into sector-specific trends and the financial outlook for 2026.
- Swiggy is expected to report revenue of Rs 4,178.47 crore and a net loss of Rs 778.09 crore for the quarter amid intense competition in the quick commerce sector and concerns over pre-IPO investor selling as $7 billion worth of shares are set to exit lock-up next week.
- Other notable companies declaring earnings today include Bank of India, Birla Corp., Manappuram Finance Ltd., Navin Fluorine International Ltd., and Cholamandalam Financial Holdings Ltd.
Bloomberg Quint | 9 May, 2025
Dr Reddy's, ABB, Swiggy, Thermax Q4 Results Today — Earnings Estimates
- Dr Reddy's Laboratories Ltd., ABB India Ltd., Swiggy Ltd., Thermax Ltd., and others are set to post their fourth quarter results today.
- Analysts' consensus estimates suggest that Dr Reddy's is expected to report revenue of Rs 8,369.38 crore and a net profit of Rs 1,465.71 crore. ABB is expected to report revenue of Rs 3,481.86 crore and a net profit of Rs 512.99 crore. Swiggy is expected to report a revenue of Rs 4,178.47 crore and a net loss of Rs 778.09 crore. Thermax is expected to report revenue of Rs 3,086.32 crore and a net profit of Rs 219.12 crore.
Bloomberg Quint | 9 May, 2025
Nykaa may join MSCI index, Thermax faces exit: JM Financial
- Nykaa is expected to join the MSCI index, while Thermax may face exclusion according to JM Financial.
- Nykaa's inclusion in the MSCI index could result in approximately $210 million of passive fund inflows, affecting 92 million shares over 12 days. The stock has risen over 17% year-to-date.
- Adani Energy Solutions and Coromandel International are also being considered for addition but have lower chances of inclusion.
- Thermax's exclusion from the MSCI index could lead to passive fund outflows of around $120 million, impacting 2.8 million shares over 22 days. The stock has declined over 23% in the last year.
HinduBusinessLine | 28 Apr, 2025
Suzlon Energy Can Rally 21%, Projects Motilal Oswal, As It Initiates Coverage With Buy Rating
- Suzlon Energy is reasonably priced, given an estimated EPS CAGR of 63% over FY24-27, significantly surpassing domestic capital goods peers ABB India (23%), Siemens (20%), Thermax (17%), and CG Power (26%) and global peers such as SANY (26%), says Motilal Oswal.
Bloomberg Quint | 25 Mar, 2025
Thermax forms joint venture with Brazil’s OCQ to manufacture specialty chemicals in India
- Thermax forms joint venture with Brazil’s OCQ to manufacture specialty chemicals in India
- Thermax Limited will hold a 51% majority stake in the joint venture, while OCQ will own the remaining 49%.
- The joint venture will initially focus on manufacturing acrylic resins in Gujarat, with future plans for polyester and alkyd resins.
- This partnership marks OCQ's entry into the Asian market and expands Thermax's existing chemical portfolio.
HinduBusinessLine | 10 Mar, 2025
Sprih helps businesses measure and monitor their carbon footprint with ease
- Sprih's carbon emission audit platform helps businesses streamline their decarbonisation efforts by simplifying measurement, benchmarking, and reporting of emissions across various scopes.
- The startup's AI-driven platform identifies trends, predicts future emissions and guides organizations on improving upon areas where they lag.
- Sprih offers a software solution that measures and benchmarks key sustainability metrics and provides actionable insights to enhance the overall sustainability performance and compliance of organisations.
- It ensures the data is consistent by identifying anomalies and applying standardised methodologies on it, making it easier to report on carbon footprint accurately.
- The platform provides real-time tracking and benchmarking against industry standards and internal goals, helping businesses understand their carbon footprint at every level.
- Sprih partners with leading institutions such as IIT to tap into their sustainability research and insights, staying at the forefront of sustainability innovation while contributing to knowledge-sharing in the field.
- Sprih's subscription-based pricing model allows companies to pay for basic features like measuring and tracking emissions while providing scalable options that allow companies to expand sustainability efforts as they grow.
- The startup has over 20 customers, including Indigo Paints, Automotive Stampings and Assemblies Limited, and Thermax among others.
- Recently, the startup raised $3 million in a seed funding round led by Leo Capital. It plans to use the funding to expand its operations in India and the United States and enhance its platforms' AI capabilities.
- Sprih's platform helps businesses track and report on carbon footprint accurately, enhancing their sustainability, ethical sourcing and risk management, and avoiding losing market share and credibility.
Yourstory | 10 Feb, 2025
Thermax Q3 Results Review: Motilal Oswal Maintains 'Sell' Rating On The Stock, Lowers Target Price— Here's Why
- Motilal Oswal maintains 'Sell' with a target price of Rs 3,350 based on 42x Mar’27 EPS and with value of investments in subsidiaries.
- Thermax Ltd’s Q3 FY25 results came in below our estimates, impacted by lower than-expected revenue booking and cost overruns.
- Thermax expects a revival in inflows and execution in Q4 FY25 and expects enquiry finalization in FY26 for large sectors.
- Motilal Oswal maintains a 'Sell' rating on Thermax stock due to the Q3 results and lowers the target price.
Bloomberg Quint | 8 Feb, 2025
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Thermax Limited Subsidiaries
Thermax Babcock Wilcox Energy Solutions
4.2
• 321 reviews
Thermax Engineering Construction Company
3.8
• 51 reviews
Thermax Instrumentation
4.1
• 39 reviews
Thermax On Site Energy Solution
3.9
• 37 reviews
First Energy
3.8
• 32 reviews
Thermodynamic Services
4.6
• 27 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 4.0 out of 5 based on 3,600+ employee reviews on AmbitionBox. 81% employees rated Thermax Limited 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. 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. 81% employees rated Thermax Limited 4 or above, while 19% 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 and cons of working in Thermax Limited?
Working at Thermax Limited comes with several advantages and disadvantages. It is highly rated for job security, company culture and skill development. However, it is poorly rated for promotions / appraisal, based on 3,600+ employee reviews on AmbitionBox.
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