Thermax Group
Thermax Group is a privately held, export-oriented Bangladeshi textile conglomerate operating 13 vertically integrated subsidiaries across spinning, dyeing, denim, and apparel manufacturing, serving international garment buyers with 10,000+ employees from its Dhaka headquarters.
- Company typePrivate
- Founded2006
- HeadquartersDhaka, Bangladesh
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Thermax Group does
Thermax Group is a vertically integrated textile and garment manufacturing conglomerate headquartered in Dhaka, Bangladesh, operating as a portfolio of 13 wholly-owned subsidiaries that span the textile value chain from raw yarn through finished apparel. Its divisions include Thermax Textile Mills, Thermax Spinning, specialized yarn units (Melange, Knit, Blended, Check Fabrics, Indigo Spinning), dyeing and finishing facilities (Yarn Dyeing, Yarn Dyed Fabrics, Woven Dyeing), denim production (Sister Denim Composite Ltd.), and finished-garment manufacturing (Adury Apparels Ltd., Adury Knit Composite Ltd.). The group is led by founder Abdul Kadir Mollah, who serves as Chairman and Managing Director, and employs 10,000+ people across its operations. Founded in 2006, Thermax Group is a privately held, export-oriented textile mill serving international apparel buyers, with branded sub-channels maintained through sisterdenim.com and adury.com alongside its corporate thermaxgroup.com site.
The business model is built on B2B textile manufacturing: the group produces yarn, dyed fabrics, denim, and finished knit/woven garments for export markets, capturing multiple margin layers internally through vertical integration rather than relying on third-party spinners, dyers, or cut-make-trim operators. Go-to-market is driven by export sales relationships (no customer logos, distribution channels, or pricing are publicly disclosed), supplemented by a corporate website, an employee/internal-facing Android mobile application, and a basic social media presence on Facebook, LinkedIn, and Google+. No funding rounds, revenue figures, ownership structure, partnerships, awards, patents, or management team beyond the founder are disclosed in publicly available sources.
Thermax Group firmographics
Firmographics- Name
- Thermax Group
- Legal name
- Thermax Group
- Website
- https://thermaxgroup.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Thermax Group is a privately held, export-oriented Bangladeshi textile conglomerate operating 13 vertically integrated subsidiaries across spinning, dyeing, denim, and apparel manufacturing, serving international garment buyers with 10,000+ employees from its Dhaka headquarters.
- Ownership category
- akta.pro rank
Thermax Group industry classification
Industry- Product category
- Textile Manufacturing
- NAICS
- Textile Mills (313), Apparel Knitting Mills (3151), Broadwoven Fabric Mills (31321)
- SIC
- Textile Mill Products (2200), Knitting Mills (2250), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Broadwoven Fabric Mills, Cotton (2211)
- akta.pro primary industry
- Knitted Fabric Mills (IMAOABAB)
- akta.pro secondary industries
- Denim & Twill Mills (IMAOABAG), Textured & Specialty Yarn Manufacturing (Textured/Chenille/Bouclé) (IMAOAAAF)
Keywords
Where Thermax Group is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices1 record
Markets served
Thermax Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure
Marketing channels2 records
Thermax Group product offering
Product offeringCore offering
Thermax Group is a Bangladesh-based textile manufacturing conglomerate that produces yarn, woven and dyed fabrics, denim, and finished garments through multiple subsidiaries. The group operates a vertically integrated textile value chain, serving international apparel brands and garment manufacturers as a B2B supplier.
Product overview
Thermax Group is a vertically integrated textile and garment manufacturing conglomerate based in Bangladesh. The group operates as a portfolio of distinct subsidiaries spanning the textile value chain including spinning, weaving, dyeing, yarn processing, and garment manufacturing. Key divisions include Thermax Textile Mills, Thermax Spinning, various specialized yarn divisions (Melange, Knit, Blended, Check Fabrics), and apparel companies such as Adury Apparels and Adury Knit Composite. The group also includes denim-focused operations through Sister Denim Composite Ltd. and Indigo Spinning Ltd., providing a comprehensive manufacturing capability from raw yarn to finished garments.
Differentiator
Problem solved
Functional benefit
Products and services
- Yarn Manufacturing Production of yarn varieties including spinning yarn, melange yarn, blended yarn, indigo yarn, and knit yarn for use in downstream textile and garment manufacturing.
- Woven Fabric Manufacturing Manufacturing of woven dyed fabrics, yarn dyed fabrics, and check fabrics for apparel manufacturers and garment buyers.
- Denim Fabric Manufacturing Production of denim fabrics for global apparel brands and garment manufacturers sourcing from Bangladesh.
- Garment Manufacturing Apparel assembly and finishing services producing finished garments from yarn and fabric manufactured within the group, for international apparel brands.
Companies that use Thermax Group
Customer profileIdeal customer profiles1 record
Thermax Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Thermax Group partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights3 records
Thermax Group competitors and assessment
Company assessmentDirect peers
- Ha-Meem Group: Bangladesh textile and apparel group operating weaving, knitting, dyeing, and garment factories. Comparable to Thermax on multi-mill Bangladesh operations and apparel export focus.
- DBL Group: Bangladesh textile conglomerate with spinning, weaving, dyeing, and apparel operations comparable to Thermax's value-chain coverage. Directly comparable on vertical integration, scale, and Bangladesh export orientation.
- Fakir Knitting & Dyeing Industries: Bangladesh knitting and dyeing producer with apparel export operations. Comparable to Thermax on knit fabric and dyeing capabilities, though more knit-focused than Thermax's broader multi-mill portfolio.
- Epyllion Group: Bangladesh-based vertically integrated textile and apparel conglomerate covering spinning, knitting, dyeing, and garmenting. Closest direct peer to Thermax given matched fiber-to-garment scope, Bangladesh footprint, and multi-subsidiary structure.
- Beximco Textiles: One of Bangladesh's largest listed textile mills, producing yarn, woven, and knit fabrics for export markets. Comparable to Thermax on broad textile-mill product mix and export orientation from Bangladesh.
- Nexus Group (Bangladesh): Bangladesh textile conglomerate with spinning, knitting, dyeing, and apparel units serving global buyers. Comparable to Thermax on Bangladesh-rooted vertical integration and export scale.
- Square Textiles: Bangladesh textile company with spinning, weaving, and processing capabilities serving apparel markets. Comparable to Thermax on integrated yarn-to-fabric operations and Bangladesh base.
Regional players
- Interloop Limited: Pakistan-based vertically integrated hosiery, knit, and apparel manufacturer with denim capacity. Comparable to Thermax on multi-product textile integration and export orientation, but operating from Pakistan rather than Bangladesh.
Broad incumbents
- Arvind Limited: India's largest denim producer with broader textile and apparel operations including advanced materials. Comparable to Thermax's Sister Denim and woven dyeing footprint, but a publicly listed incumbent spanning more value-added segments.
- Eclat Textile Co., Ltd. Taiwan-listed knit and woven fabric manufacturer supplying global athletic and casual brands. Comparable to Thermax on knit/woven fabric production and export model, but a more established publicly listed incumbent serving premium segments.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Thermax Group social profiles
Digital presenceThermax Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thermax Group leadership team
Management profileNumber of profiles
Profiles1 record
Thermax Group subsidiaries and ownership
Company hierarchySubsidiaries13 records
Thermax Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thermax Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thermax Group
What does Thermax Group do?
Thermax Group is a Bangladesh-based textile manufacturing conglomerate that produces yarn, woven and dyed fabrics, denim, and finished garments through multiple subsidiaries. The group operates a vertically integrated textile value chain, serving international apparel brands and garment manufacturers as a B2B supplier.
Is Thermax Group a public or private company?
Thermax Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Thermax Group founded?
Thermax Group was founded in 2006. It employs 5,001 to 10,000 people.
Where is Thermax Group based?
Thermax Group is headquartered in Dhaka, Bangladesh, in the Asia region.
Who are Thermax Group's main competitors?
Direct peers on record are Ha-Meem Group, DBL Group, Fakir Knitting & Dyeing Industries, Epyllion Group, Beximco Textiles, Nexus Group (Bangladesh) and Square Textiles. Interloop Limited is listed as a regional player. Broad incumbents are Arvind Limited and Eclat Textile Co., Ltd..
Does Thermax Group have an API?
No public API is recorded for Thermax Group.
What industry is Thermax Group in?
Thermax Group's product category is Textile Manufacturing. Its primary akta.pro industry code is IMAOABAB, Knitted Fabric Mills, with a secondary code of IMAOABAG, Denim & Twill Mills. Its NAICS code is 313 and its SIC code is 2200.