Thermax Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of THERMAX?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	6,000	0.00533%
State or Government	138,180	0.123%
VC/PE Firms	6,118,073	5.43%
General Public	10,040,130	8.91%
Institutions	22,469,060	20%
Private Companies	73,849,305	65.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 90.18% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
65.6%	ARA Trusteeship Company Private Limited	73,849,305	₹328.5b	0%	no data
6.17%	SBI Funds Management Limited	6,952,680	₹30.9b	27%	0.4%
5.43%	Nalanda Capital Pte Ltd	6,118,073	₹27.2b	-6.81%	6.29%
4.41%	Kotak Mahindra Asset Management Company Limited	4,964,687	₹22.1b	-13.8%	0.8%
1.44%	Kotak Mahindra Asset Management (Singapore) Pte. Ltd.	1,626,364	₹7.2b	0%	1.84%
1.42%	BlackRock, Inc.	1,601,312	₹7.1b	1.08%	no data
1.36%	Tata AIA Life Insurance Company Ltd., Asset Management Arm	1,527,466	₹6.8b	0%	3.4%
1.16%	The Vanguard Group, Inc.	1,311,123	₹5.8b	-0.03%	no data
0.63%	Tata Asset Management Limited	714,462	₹3.2b	-8.5%	0.35%
0.53%	Aditya Birla Sun Life AMC Limited	600,252	₹2.7b	7.05%	0.15%
0.49%	DSP BlackRock Investment Managers Pvt. Ltd.	555,366	₹2.5b	0%	0.21%
0.34%	Norges Bank Investment Management	381,647	₹1.7b	0%	no data
0.17%	Geode Capital Management, LLC	187,342	₹833.4m	2.39%	no data
0.12%	Investor Education and Protection Fund (IEPF)	138,180	₹614.7m	-0.72%	no data
0.12%	ALPS Advisors, Inc.	131,037	₹582.9m	-18.1%	0.04%
0.11%	UBS Asset Management AG	118,413	₹526.8m	50.3%	no data
0.1%	Dimensional Fund Advisors LP	112,260	₹499.4m	0%	no data
0.09%	JP Morgan Asset Management	101,200	₹450.2m	0%	no data
0.089%	Fideuram Asset Management (Ireland) DAC	99,689	₹443.5m	0%	0.04%
0.085%	Invesco Ltd.	95,821	₹426.2m	-53.7%	no data
0.071%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	80,349	₹357.4m	78.2%	no data
0.068%	Robeco Hong Kong Ltd	76,653	₹341.0m	0%	0.44%
0.066%	Amundi Asset Management SAS	73,878	₹328.7m	3.43%	no data
0.063%	LIC Mutual Fund Asset Management Company Ltd.	71,138	₹316.5m	0%	0.06%
0.063%	Phoenix Unit Trust Managers Limited	70,731	₹314.6m	0%	0.01%