{"id":21985,"date":"2023-11-10T08:39:42","date_gmt":"2023-11-10T08:39:42","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2023\/11\/10\/thermax-from-india-is-the-winner-of-the-2023-imd-global-family-business-award\/"},"modified":"2023-11-10T08:39:42","modified_gmt":"2023-11-10T08:39:42","slug":"thermax-from-india-is-the-winner-of-the-2023-imd-global-family-business-award","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2023\/11\/10\/thermax-from-india-is-the-winner-of-the-2023-imd-global-family-business-award\/","title":{"rendered":"Thermax, from India, is the winner of the 2023 IMD Global Family Business Award"},"content":{"rendered":"<div>\n<p><strong>Pune (Maharashtra) [India], November 10<\/strong>: Thermax, an engineering company headquartered in Pune, India, has been voted as the winner of the 2023 IMD Global Family Business Award.<\/p>\n<p>With a corporate history that\u00a0dates back to\u00a01966,\u00a0theconglomerate has grown to become a worldwide reference in providing sustainable solutions in energy and environment.<\/p>\n<p>First established\u00a0as a\u00a0small, family-owned, family run\u00a0manufacturing company,\u00a0called\u00a0Wanson\u00a0India\u00a0\u2013\u00a0in\u00a0collaboration with\u00a0a\u00a0Belgian company, Thermax was born when the collaboration ended in the\u00a070\u2019s.\u00a0With its\u00a0innovative application\u00a0engineering and technological expertise,\u00a0Thermax\u00a0today stands as a trusted partner in energy transition\u00a0with\u00a0its customers. The solutions offered by the company include heating, cooling, power generation (including green power),\u00a0water treatment and recycling, air pollution control, and chemicals with a focus on ensuring clean air, clean energy, and clean water.<\/p>\n<p>The\u00a0conglomerate\u00a0owns\u00a017\u00a0domestic and 20\u00a0overseas subsidiaries. The group\u00a0operates through\u00a034\u00a0international offices and 14 manufacturing facilities \u2013\u00a010\u00a0in India and four overseas \u2013 with a presence that spans\u00a0more than\u00a090\u00a0countries around the world.<\/p>\n<p>\u201cThermax is not just an inspiration in India but also sets a gold standard for family enterprises globally,\u201d says Peter Vogel, director of the IMD Global Family Business Center.\u00a0<\/p>\n<p>\u201cThis family business has\u00a0absolutely\u00a0thrived while devoting itself to\u00a0the commendable and most necessary endeavor ofcreating a more sustainable future.\u00a0They have been doing so with a\u00a0truly pioneering spirit of\u00a0embracing technological innovation and remarkable adaptability and resilience, particularly during leadership transitions.\u00a0Not only that, across four generations,\u00a0Thermax has never\u00a0withdrawn from\u00a0an unwavering commitment to social responsibility and philanthropic endeavors.\u201d<\/p>\n<p>Besides the tangible contribution to society \u2212 illustrated by the focus on helping\u00a0speed the transition toward renewable energies and greener technologies\u00a0\u2212 the independent award jury of family business experts and previous award winners also praised Thermax for the level of engagement with its employees, as well as its ability to navigate the delicate balance between family values and shareholders\u2019 interests.<\/p>\n<p>Chairperson of Thermax,\u00a0Meher Pudumjee, on the occasion, said, \u201cI\u00a0am\u00a0delighted to receive this prestigious award on behalf of our family business Thermax. Having seen the kind of business families that have won this award in the past, it is very humbling for us to be one amongst them. It\u2019s a validation of our commitment to every stakeholder, to sustainability, ethical business practices, our vision, values, and a thriving culture that each person within Thermax has painstakingly invested in.\u00a0This award is a collective achievement, and it inspires us to keep pushing the boundaries of what a family business can achieve in the modern world.\u00a0Thank you to the distinguished jury, to IMD and FBN for this honour.\u201d\u00a0<\/p>\n<p>\u201cWe are delighted to see Thermax wining this year\u2019s edition of the IMD Global Family Business Award and celebrate them during the 32nd FBN Global Summit in Paris,\u201d said Alexis du Roy de Blicquy, Chief Executive of The Family Business Network (FBN). \u201cAs a founding member of FBN Indian chapter two decades ago, their family business has been a driving force in developing the Family Business ecosystem in India and the South Asian region, inspiring many families on their governance and succession journeys. They epitomize the values of the FBN community, by families, for families, together across generations.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pune (Maharashtra) [India], November 10: Thermax, an engineering company headquartered in Pune, India, has been voted as the winner of the 2023 IMD Global Family [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-21985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/21985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=21985"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/21985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/21986"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=21985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=21985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=21985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}