How many employees does Thermax have?
Thermax Ltd. (500411) has approximately 15,614 total employees worldwide as of June 2026, according to Revelio Labs workforce intelligence data. Thermax’s total headcount has grown 9.0% from 14,322 employees in 2023 to 15,614 in 2026.
Is Thermax hiring right now?
Yes, Thermax is actively hiring. Thermax had 17 active job postings in 2026, a 84.7% decline from 2025 — see job openings & hiring trends.
About Thermax’s Workforce
Thermax Ltd. (500411) is an Electronics Manufacturing company that employs 15,614 people worldwide as of June 2026. It is the 8th-largest by headcount among its peers. Founded in 1966, the company is headquartered in Pune, India and trades on the BSE India Ltd..
Thermax's workforce has grown 9.0% from 2023 to 2026, up 1.8% year over year in 2026. Its workforce is concentrated most in South Asia (94.9%), followed by Sub-Saharan Africa (1.6%) and Southeast Asia (1.5%).
Thermax's functional groups are Finance and Operations (39.8%), Engineering (33.4%), and Sales and Marketing (26.8%), with Finance and Operations growing fastest (up 1.7%). The average salary is $13,847, ranging from a median of $62,000 in Northern Europe to $11,000 in South Asia, down 1.6% year over year in 2026.
Thermax's active job postings fell 84.7% in 2026 to 17, with new postings per month cooling from 42 in 2023 to 40 in 2026. Overall employee sentiment is neutral but declining.
Sourced from Revelio Labs workforce data.
- Ticker
- BSE India Ltd.: 500411
- Headquarters
- Pune, India
- Founded
- 1966
- Industry
- Electronics Manufacturing
- Employees
- 15,614
- YoY
- +1.8% (+279)
As of June 2026
Thermax workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Thermax. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsThermax Annual Employee Count (2023-2026)
Loading- Thermax had 15,614 employees in 2026, a 1.8% increase (+279) from 2025.
- Thermax had 15,506 employees in 2025, a 0.4% increase (+55) from 2024.
- Thermax had 15,451 employees in 2024, a 5.2% increase (+770) from 2023.
- Thermax had 14,681 employees in 2023, a 6.7% increase (+922) from 2022.
Thermax's total workforce has grown from 14,322 employees in 2023 to 15,614 in 2026.
Thermax Ltd. quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q2 | 15,614 | +279 | +1.8% |
| 2026 | Q1 | 15,535 | +149 | +1.0% |
| 2025 | Q4 | 15,506 | +55 | +0.4% |
| 2025 | Q3 | 15,448 | +152 | +1.0% |
| 2025 | Q2 | 15,335 | +445 | +3.0% |
| 2025 | Q1 | 15,386 | +570 | +3.8% |
| 2024 | Q4 | 15,451 | +770 | +5.2% |
| 2024 | Q3 | 15,296 | +974 | +6.8% |
| 2024 | Q2 | 14,890 | +835 | +5.9% |
| 2024 | Q1 | 14,816 | +1,010 | +7.3% |
| 2023 | Q4 | 14,681 | +922 | +6.7% |
| 2023 | Q3 | 14,322 | +676 | +5.0% |
See Thermax's complete headcount history, including quarterly breakdowns.
Get the DataThermax Employee Count by Region (2026)
LoadingSouth Asia accounts for the largest share of Thermax's global workforce with approximately 95% of total employees, followed by Sub-Saharan Africa and Southeast Asia.
Thermax employees by region
| Region | Employees | % of Total |
|---|---|---|
| South Asia | 14,706 | 94.9% |
| Sub-Saharan Africa | 255 | 1.6% |
| Southeast Asia | 239 | 1.5% |
| Northern Europe | 81 | 0.5% |
| Arab States | 66 | 0.4% |
| North America | 59 | 0.4% |
| Eastern Europe | 39 | 0.2% |
| Western Europe | 17 | 0.1% |
| East Asia | 8 | 0.1% |
| Pacific Islands | 7 | 0.0% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataThermax Employee Count by Department (2026)
LoadingThermax's employee groups are Finance and Operations (39.8%), Engineering (33.4%), and Sales and Marketing (26.8%).
Thermax employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 6,191 | 39.8% |
| Engineering | 5,202 | 33.4% |
| Sales and Marketing | 4,179 | 26.8% |
Compare Thermax's department mix to industry peers.
See Full DataThermax Employee Salary by Region (2026)
LoadingThermax's average employee salary is $13,847 globally. Employees in Northern Europe receive the highest compensation, with median pay approximately 4.5x the global average. Pay is lowest in South Asia, at a median of $11,000.
Thermax median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $80,000 |
| Western Europe | $74,000 |
| Northern Europe | $62,000 |
| Arab States | $62,000 |
| Pacific Islands | $57,000 |
| Eastern Europe | $24,000 |
| Central America and the Caribbean | $21,000 |
| Southeast Asia | $19,000 |
| Sub-Saharan Africa | $12,000 |
| South Asia | $11,000 |
| South America | $11,000 |
Unlock salary by role, level, and city — and compare to Thermax's industry peers.
Unlock Salary DataThermax Job Openings and Hiring Trends (2023-2026)
Loading- Thermax had 17 active job postings in 2026, a 84.7% decline (-51) from 2025.
- Thermax had 68 active job postings in 2025, a 56.6% increase (+30) from 2024.
- Thermax had 38 active job postings in 2024, a 116.7% increase (+28) from 2023.
- Thermax had 10 active job postings in 2023, a 35.3% increase from 2022.
- Hiring velocity in 2026: 40 new roles/month, down from 51 in 2025 and 75 in 2024.
Thermax's hiring is slowing: active job postings fell 84.7% in 2026 to 17, with new postings per month cooling from 42 in 2023 to 40 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataThermax Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Thermax's workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
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Frequently Asked Questions About Thermax
- How fast is Thermax growing?
- In 2026, Thermax's headcount grew 1.8% to 15,614 employees, up from 15,335 in 2025.
- See the full headcount history
- Where are Thermax employees located?
- Most Thermax employees are based in South Asia (94.9% of headcount), followed by Sub-Saharan Africa and Southeast Asia.
- Explore where the workforce is based
- How many people work at Thermax in South Asia?
- About 14,706 people work at Thermax in South Asia, its largest region.
- See headcount by region
- What is the average salary at Thermax?
- The average employee salary at Thermax is approximately $13.8k per year.
- Analyze the salary distribution
- How many new job postings does Thermax open per year?
- Through Q2 2026, Thermax opened 237 new job postings. In 2025, Thermax opened 606 new job postings — about 51 per month.
- Track hiring trends by role
- When was Thermax founded and where is it headquartered?
- Thermax was founded in 1966 and is headquartered in Pune, India.
- Compare Thermax to industry peers
Speak with a workforce expert about Thermax.
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