12/08/2026
Innovation has always been at the heart of Thermax, and this Innovation Day, like every year, was a celebration of the people and ideas shaping a more sustainable tomorrow.
With 'Thermax's Path to Net Zero' as this year's theme, our innovators put their best foot forward, presenting ideas rooted in purpose, advancing net zero ambitions, enabling greener progress, and creating meaningful impact for both people and the planet.
Organised by the Research, Technology & Innovation Centre (RTIC), the day brought together colleagues and leaders to celebrate the spirit of curiosity and innovation across Thermax.
We welcomed two esteemed guests on the occasion: Chief Guest Rajiv Narang, Senior Advisor for Energy Transition and Hydrogen at S&P Global, who spoke on Net Zero Economics for Indian Enterprise; and keynote speaker Samir Shah, Managing Partner at Peak Ventures, who spoke on how the firm is accelerating investment and partnerships for sustainability across India and globally — and how partnerships with companies like Thermax can create a win-win for the green energy ambition.
Promoter Director Pheroz Pudumjee reflected on former R&D Head, Dr. N. D. Joshi's enduring legacy and the belief that innovation will always remain central to Thermax. Chairperson Meher Pudumjee shared how the innovations she's witnessed over the years have shaped the company's progress. MD & CEO Ashish Bhandari spoke on the importance of crossing the gap between incubation and commercialisation — scaling innovation all the way to market to make it count, while Dr. Santanu Chaudhuri, Head – RTIC, emphasised why innovation matters as Thermax marks its 60th year, and what it can unlock for the years ahead.
The celebrations also recognised teams under four prestigious award categories — Best Proof of Concept Award, Carbon Capture Impact and Innovation Award, Bottom-up Innovation Award, and Dr. N. D. Joshi Innovation Award, applauding ideas that can help shape Thermax's future while contributing to India's and the world's sustainability ambitions.
And who took home the honours?
Stay tuned for our next post as we reveal the winners!