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A globally respected high-performance organization offering sustainable solutions in energy and environment conservation. Established in 1966, Thermax operates worldwide, supporting customers in over 75 countries with innovative solutions. Committed to integrity, excellence, and social responsibility.
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Sustainable Solutions in Energy and Environment
To be a globally respected high performance organisation offering sustainable solutions in energy and environment Vision 2
Sustaining Values and Brand Attributes Transparent Trusted Customer focused Entrepreneurial Innovative Socially responsible Integrity Respect Fairness Excellence Commitment 3
Thermax Today Rs. 5636 crore company with subsidiaries and sales & service network in Asia, Middle East, Africa, Europe and the Americas. Headquartered in Pune, India and operate globally through 19 International offices, 12 Sales & Service offices and 11 manufacturing facilities - 7 of which are in India and 4 overseas. Supports customers in over 75 countries with solutions to conserve energy and preserve the environment. A partner in the global initiative for sustainable development. 4
Thermax Evolution: A Snapshot Established in 1966 as Wanson (India) Thermax Private Limited formed in 1980 and Wanson (India) merged with Thermax Becomes a public limited company in 1996 Features in the Forbes Asia list of “Best under a Billion” companies in 2008 Thermax - Babcock & Wilcox Joint Venture for Supercritical Boilers in 2010 for higher efficiency of power generation Acquires European boiler maker, Danstoker to reinforces its initiatives in renewable energy Acquires Rifox, German steam products company in 2012for its steam engineering business 5
Board of Directors M. S. Unnikrishnan Meher Pudumjee Anu Aga Nawshir Mirza Dr. Jairam Varadaraj Dr. Valentin A. H. von Massow Pheroz Pudumjee Dr. Raghunath Mashelkar Harsh Mariwala
Thermax Group Thermax Limited Subsidiaries Joint Ventures • Thermax Sustainable Energy Solutions Ltd. • Thermax Onsite Energy Solutions Ltd. • Thermax Engineering Construction Co. Ltd. • Thermax Instrumentation Ltd. • Thermax International Ltd. (Mauritius) • Thermax Europe Ltd. (U.K.) • Thermax do Brasil-Energiae Equipamentos Ltd (Brazil) • Thermax Inc. (U.S.A.) • Thermax (Zhejiang) Cooling & Heating Engineering Co. Ltd. (China) • Thermax Netherlands B.V. • Thermax Denmark ApS (Denmark) • Danstoker A/S, Denmark • Ejendomsanpartsselskabet Industrivej Nord 13, Denmark • Rifox –Hans Richter GmbH, Germany • Thermax Sdn, Bhd., Malaysia • Boilerworks A/S, Denmark • Boilerworks Properties ApS, Denmark • Thermax Engineering Singapore Pte. Limited • Thermax Senegal S.A.R.L., Senegal • PT Thermax International, Indonesia • Thermax Nigeria Limited, Nigeria • Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd. • Thermax SPX Energy Technologies Ltd. 8
Thermax Organisation Managing Director & CEO EVP ENVIRONMENT EVP B&H EVP TECHNOLOGY EVP FINANCE EVP C&H EVP POWER EVP HR, IR Admin VP Legal Enviro Oil & Gas SPP Heating Water MPP Cooling Solid Fuel VP Treasury Chemical LPP Services Service Services O&M Utility HEAD TPMO Solar EC Member UOG HEAD CORP. COMMN SBU 9
Our Global Network Thermax operates globally through 19 international offices, 12 sales & service offices.
Delhi Nepal Ahmedabad Kolkata Vadodara Mumbai Pune Our network Headquarters Hyderabad Manufacturing facilities Bangalore Engineering Sales & Service Chennai 118 Associates Our Domestic and Distribution Network 11
Technology Partnerships over the Years More than 40 technology partnerships / licensing agreements over the years • Babcock & Wilcox • SPX Corporation • Georgia Pacific • Wehrle • General Electric • Amonix Inc. • Lambion Technologies 15
Thermax has partnered with • Black & Veatch • Kellog Brown • Sumitomo • Mitsubishi • Hitachi • Mitsui • Hyundai • Daelim • EIL • TCS • Bechtel • UHDE • KPG • Jacobs H&G • Lurgi • Snamprogetti • JGC • MHI • Technip • Toyo 16
Manufacturing Plants and Assembly Facilities Sholapur (MH) Paudh (MH) Savli (GJ) Jagadia (GJ) Mundra (GJ) Pune (MH) Jiaxing, China Danstoker, Denmark TBWES Shirwal (MH)
Quality assured manufacturing Thermax manufactures according to stringent international standards and codes : • ISO 9001: 2000, ISO:14001 and OSHAS 18000 certified • Conforms to international codes - ASME, BS, DIN, API, GOST, CE • AQSEQ code for China; IBR code for India
A tradition of customer focused R&D A Research, Technology & Innovation Centre with Centers of Excellence to add value to customer in the areas of: • Combustion & Heat Transfer • Biotechnology • Material Science • Solar Thermal 19
Business tempered by social responsibility Thermax sets aside 2% of its net profit to support community work In association with Pune and Pimpri Chinchwad Municipal Corporations, Thermax runs 6 schools for children from underprivileged backgrounds Thermax also supports schools run by NGOs Akanksha and Teach for India 20
Giving Back to Society - Educational Initiatives 2016 passing out batch of K C Thackeray Vidya Niketan English Medium School started in 2007 2016 passing out batch of Acharya Vinoba Bhave English Medium School started in 2013
Giving Back to Society – Other Initiatives Improving quality of education Leadership Institute for Teachers (LIFT) 53 of the PMC LIFT teachers were certified as “Teacher innovators” by STIR Education and University of Roehampton, London. Pune City Connect Teach for India
Opporunites for participation Volunteering Encouraging Employee Participation TFI - Encouraging to register for TFI fellowship Blood Donation Mentoring Adolescent Children Standard Chartered Mumbai Marathon Payroll Giving raised over Rs.97 Lakh
Recognition for Thermax Asia Innovator Award for Thermax MD and CEO, M.S. Unnikrishnan at the 2012 CNBC Asia Business Leaders Awards at Bangkok.. CII National HR Excellence Award 2009 for recognition of Thermax's leadership in HR excellence. Business Standard ‘CEO of the Year’ (2007-08) award for Chairperson, Meher Pudumjee. Listed among the top 100 of India’s most valuable 500 companies (Business Today ’07). National Award for the R&D team at ACREX, 2006 for the design of Trigenie, the chiller that works on exhaust gas and other sources of heat. 24
“Profit is not only a set of figures, but of values.” Our Belief Rohinton D. Aga 1935 - 1996 Founder Chairman, Thermax 25
Thank you Thermax Limited Thermax House 14, Mumbai - Pune Road, Wakdewadi, Pune – 411003 www.thermaxglobal.com