Thermax Balancing Growth and Sustainability By Sougata Ray Sonia Mehrotra Pramodita Sharma Kavil Ramachandran
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The objective of this case study is to evaluate Thermax Balancing’s growth strategy in terms of its ability to achieve long-term value creation while balancing stakeholder interests in a complex and dynamic business environment. This case study is primarily focused on Thermax Balancing’s business strategy and performance in recent times. Thermax is a leading energy and environment technologies provider headquartered in Bangalore, India. Founded in 1983, it was initially focused on the development of thermal power plants. However, due to
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Thermax is a public-sector enterprise involved in several segments. They manufacture and supply a wide range of industrial gases for industrial process control and engineering applications. Thermax is the second largest manufacturer of hydrogen gas in India. The company operates in over 50 countries worldwide. Their product line includes various industrial gases, purified gases, engineering gases, compressed air, refrigerants, compressed gas and liquefied natural gas. In FY18, their total sales were INR 22.3
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– Sougata Ray has over 45 years of industrial experience in chemicals. He has led teams to develop some of the world’s best-known polymeric products. – Sougata Ray has contributed to the development of many other important materials. The “New Polymer Processes” section, for example, features Sougata Ray’s work on the development of the first high-performance polyethylene resin, known as the “Little Blue Stuff” polyethylene. – Sougata Ray has published many highly
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“Through this piece, I present a thorough analysis of Thermax Balancing Growth and Sustainability By Sougata Ray, Sonia Mehrotra, Pramodita Sharma, and Kavil Ramachandran. The title itself is apt, given that the book is primarily about balance and sustainability in business. Let’s first take a look at their individual credentials. Sougata Ray, a Professor of Engineering at Tata Institute of Fundamental Research, is an accomplished entrepreneur. With more than
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Thermax’s Balancing Growth and Sustainability: Case Study Analysis A case study analysis of Thermax is presented in this report to analyze the company’s growth and sustainability strategies. Based on extensive industry research, the report presents Thermax’s business performance, product offerings, organizational structure, and operational excellence. Source The case highlights the company’s vision to balance growth and sustainability by emphasizing two critical aspects: a sustainable focus on resource efficiency and a customer-centric focus on product innovation
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“Balancing growth and sustainability has always been a tricky proposition. Thermax has successfully balanced the two, not only in terms of its operational efficiency but also in terms of its contribution to society and environment. Clicking Here With a vision of creating a sustainable energy future, Thermax is taking a giant step towards meeting our energy needs. The company has embarked upon an ambitious ‘Natural Gas – Power Initiative’ to develop a new class of natural gas-based power plants using latest technology, thereby expanding its presence in the “Gas-based
