Thermax Ltd Incorporates Wholly Owned Step-Down Subsidiary in Dubai

Thermax Limited announced the incorporation of Thermax Integrated Middle East L.L.C. in Dubai, United Arab Emirates, on June 25, 2026. This new entity is a wholly owned subsidiary of Thermax Engineering Singapore Pte. Ltd. (TESPL), which is itself a wholly owned subsidiary of Thermax Ltd. The subsidiary will focus on on-site project management services, installation, erection, maintenance, supervision, turnkey project contracting, and marketing support for the parent entity. The initial capital infusion is planned at AED 367,000, with Thermax Ltd holding 100% control through its subsidiary structure. This move signifies Thermax's expansion into the Middle East market.