as bse 500411 nse thermax industry energy and environmental engineering founded 1980 headquarters pune india area served worldwide 75 countries key people meher pudumjee chairperson m.s.unnikrishnan md g.p. kulkarni cs products chillers for large scale air conditioning units steam generators and boilers revenue 55.02 billion us 820 million 2016 1 operating income 3.89 billion us 58 million 2016 1 profit 2.75 billion us 41 million 2016 1 total assets 62.36 billion us 930 million 2016 1 total equity 23.55 billion us 350 million 2016 1 website www.thermaxglobal.com thermax . d ltd. bse 500411 nse thermax is an indian energy and environment engineering 2 company based in india and britain . it manufactures boilers vapour absorption machines offers water and waste solutions and installs captive power projects . 3 thermax is also a historic brand name of boilers and the name of a former toughened glass company . thermax was founded by a. s. bathena and later taken over by r. d. aga who served as the chairman . after the death of r. d. aga anu aga his wife and heading hr at that time became the chairperson . anu aga was the chairperson of the company 1996 2004 till she handed over the reins to her daughter meher pudumjee 4 and figured amongst the eight richest indian women and in 2007 was part of 40 richest indians by net worth according to forbes magazine 5 6 i contents 1 history 2 thermax ltd india 2.1 acquisitions 3 structure 4 products 5 see also 6 references 7 external links history edit thermax came into being by harnessing the power of steam produced by boilers.the company first started with producing small once through baby boilers to cater steam required at that time by the hospitals.thus the business was established in 1966 . it was also the year a s bhathena father of ex chairman anu aga collaborated with a belgian company wanson to commence business operation as wanson india ltd. manufacturing small boilers at a unit in dadar mumbai . the company was renamed thermax limited in 1980 . 7 note thermax was also a brand name for horizontal boilers manufactured by ruston and hornsby . thermax ltd india edit company based in india which has also made boilers has four manufacturing centres and operates in seventy five countries . it became known as thermax ltd in 1980 . in 1987 it started making vapour absorption machines in collaboration with sanyo of japan . it formed a joint venture in 1988 with north carolina based babcock & wilcox who make boilers to make steam generation units for heat recovery steam generators hrsgs . 8 in 1992 it formed its combined heat and power group . on 15 february 1995 it became a public company on the bombay stock exchange . in 2009 it signed a 51 49 joint venture with us firm spx corporation to provide equipment and services for indian 9 power sector . 3 indian wing is in pune area . acquisitions edit in november 2010 thermax acquired european boiler manufacturer danstroker a s and its german subsidiary omnical kessel for euro 29.5 m. 10 structure edit it has four main offices thermax europe ltd is based in fenny stratford milton keynes in england not far from ikea . thermax inc based in northville michigan usa thermax do brasil energia e equipamentos ltda brazil thermax zhejiang cooling & heating engineering co china its main divisions are 11 cooling and heating c & h division . boilers and heaters b & h division . power division . enviro division . chemical and water division . solar energy division . products edit the main company makes absorption chillers used for large air conditioning systems & heating equipments such as steam boilers thermic fluid heaters hot water generators using a variety of solid liquid and gaseous fuels . the joint venture with babcock & wilcox makes b & w licensed boilers for circulating fluidised beds and hrsgs . see also edit thermax was also the name of a glass processing firm founded in 1973 which made toughened glass products for car sunroofs and oven doors and was bought by metal processing firm v.w. in 1983 becoming known as vw thermax later thermax holdings which was listed on the unlisted securities market . it was bought by huddersfield based heywood williams 12 in february 1987 for 21m and cie de saint gobain s.a. in march 1995 . based in bishop auckland it became known as thermax interglass and is now saint gobain solaglas ltd in eggborough . 13 list of conglomerates in maharashtra list of boiler types by manufacturer fireside thermax limited in house magazine . 14 references edit a b c d e http www.thermaxglobal.com investor relations pdf nseafr2016.pdf india s richest no. 55 anu aga . forbes . 18 november 2009 . a b india s thermax in jv with us firm spx signage . forbes . 26 august 2009 . anu aga passes thermax baton to new chairperson . the indian express . 5 october 2004 . india s richest . forbes . 14 november 2007 . p. 2 . vashisht pooja 9 february 2004 . anu aga and triumph of the spirit . the times of india . thermax ltd . the times of india . india s thermax us babcock & wilcox sign industrial boiler licensing deal . forbes . 12 february 2008 . thermax spx jv to have combined investment of 250 mln . forbes . 26 august 2009 . thermax acquires boiler maker danstroker a s german subsidiary . added new acquisition . retrieved 10 november 2010 . http www.thermaxindia.com heywood williams saint gobain glass http www.thermaxindia.com resources fireside vol 40 no 4 . aspx thermax ltd. at ndtv profit external links edit thermax europe thermax india thermax inc thermax do brasil thermax babcock and wilcox ltd retrieved from https en.wikipedia.org w index.php title thermax & oldid 744190824 categories hvac manufacturing companiescompanies established in 1980companies based in punemanufacturing companies of indiacompanies based in milton keynescompanies listed on the national stock exchange of indiamultinational companies headquartered in indiacompanies based in maharashtraengineering companies of 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