Thermax, a prominent provider of energy and environment solutions, commemorated 30 years since its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at the NSE in Mumbai.

The event gathered key figures, including Ashishkumar Chauhan, MD & CEO of NSE; Meher Pudumjee, Chairperson of Thermax; and Ashish Bhandari, Managing Director & CEO of Thermax Ltd., as well as the company's board of directors and senior leaders.

Listed on August 30, 1995, Thermax has evolved significantly over the past three decades. What began as a manufacturer of packaged boilers and heating equipment, founded as Wanson India in 1966 by the late A.S. Bhathena, has transformed into a global leader offering future-ready energy transition and sustainability solutions, pioneering technologies in clean air, energy, and water.

The company has demonstrated remarkable financial and operational growth since its listing. Revenue has expanded substantially from approximately Rs. 470 crores in the fiscal year 1995-96 to Rs. 10,389 crores in FY 2024-25. Its manufacturing footprint has also grown, now encompassing 16 world-class facilities globally—12 in India and four overseas. The occasion was enriched by the presence of a wide spectrum of key stakeholders from across the Thermax ecosystem, whose integral roles have shaped the company's journey.

"This occasion fills me with immense pride and emotion, and my heartfelt thanks go out to all our stakeholders, past and present" said Meher Pudumjee, Chairperson of Thermax Limited.

"Thirty years ago, when my father Rohinton Aga took this company public, it was driven by a belief he always championed that 'profit is not just a set of figures, but of values'. His vision was to build a responsible organisation that would stand the test of time. I also think of my grandfather A.S. Bhathena, who started this journey in 1966, my father who grew and listed this company, and my mother Anu Aga who steered it through its most challenging times. This 30-year milestone on the NSE is a testament to the trust our stakeholders have placed in us, and we remain deeply committed to honoring that trust."