R&D Therm (I) Pvt Ltd

What R&D Therm (I) Pvt Ltd does

R&D Therm (I) Pvt Ltd, founded in 1995 and headquartered in Nashik, Maharashtra, is an Indian process equipment manufacturer specializing in custom-engineered, code-stamped capital equipment. Its product portfolio spans distillation columns, shell-and-tube heat exchangers, pressure vessels, agitated reactors, spray- and tray-type deaerators, air receivers, storage tanks (atmospheric, vertical, horizontal, low-temperature, dome-roof and underground), industrial stacks/chimneys, and complementary piping and erection services; the company has more recently extended into turnkey plant installation covering design, engineering, procurement, installation, and commissioning. Manufacturing is anchored by two Nashik-area facilities (NICE Industrial Area, MIDC Satpur; and C-50, MIDC Malegaon, Sinnar) operating to ASME Section VIII Division 1 and IBR 1950 with full non-destructive testing capability (RT, PT, UT, MPI) and an in-house mechanical engineering team using AutoCAD, SolidWorks, and PV Elite for ASME, IBR, and PED-compliant design.

The company's core customer base is enterprise process-industry buyers in India — chemicals (Cheminova, Nocil, United Phosphorus), agrochemicals, pharmaceuticals, oil & gas, aromatics, paints & adhesives, power generation, and water treatment — with international clients in the UAE (Abu Dhabi, Sharjah), Qatar, Kuwait, Belgium (FIB), the United States, and the Philippines, supported by a separate UAE-facing website. The business model is direct enterprise sales of project-based, custom-specified one-off capital equipment priced per quote on design complexity, materials (including SS 304/316/316L/904L, Hastelloy C-22/C-276, Titanium, Sanicro 28, carbon steel), and required certifications; complementary piping/erection and turnkey installation services are billed as professional services on top of equipment supply. Over 30 years the company reports 5,000+ equipment units manufactured for 500+ clients across 1,000+ projects, but no revenue, headcount, or ownership figures are publicly disclosed.

R&D Therm is privately held with no disclosed institutional investors, no subsidiaries, no M&A history, and no leadership changes in the data; Manas Dhage is named as Director. Its principal defensible position rests on ASME U Stamp and IBR certifications (with a successfully completed U Stamp Audit and related certificates displayed on the corporate site), three decades of execution history, and an enterprise client roster that includes validated testimonials from Lloyds and a Belgian fabricator citing parity with European shop standards. The principal data gaps relevant to outside investors are the absence of disclosed financials, ownership structure, and headcount.

Name

R&D Therm (I) Pvt Ltd

Legal name

R & D Therm (I) Pvt. Ltd.

Website

https://rdtherm.com

Company type

Private

Founded year

1995

Operating status

Operating

Short description

R&D Therm (I) Pvt Ltd, founded in 1995 in Nashik, India, designs and fabricates custom ASME U Stamp- and IBR-certified process equipment — distillation columns, heat exchangers, pressure vessels, reactors, deaerators, tanks, and stacks — serving chemical, petrochemical, pharmaceutical, oil & gas, power, and water enterprises across India, the Middle East, and select international markets.

Ownership category

akta.pro rank

Product category

Industrial Process Equipment Manufacturing

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Oil & Gas Field Machinery & Equipment (3533), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Process equipment manufacturing
• Custom pressure vessels
• Heat exchanger fabrication
• ASME certified fabrication
• Industrial reactor manufacturing

Headquarters

HQ city

Nasik

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Custom Process Equipment Fabrication & Sales: R&D Therm designs and fabricates custom process equipment including distillation columns, heat exchangers, pressure vessels, reactors, deaerators, air receivers, tanks, and stacks to client specifications. Equipment is sold on a project-by-project basis as one-time capital equipment purchases, priced based on custom design complexity, materials, and manufacturing specifications.
2. Piping and Erection Services: Installation and assembly of pipelines and systems for fluid or gas transport in industrial facilities. Offered as a complementary service to equipment supply contracts.
3. Turnkey Plant Installation Services: End-to-end project execution covering design, engineering, procurement, installation, and commissioning of process plants. Provided through project-based contracts covering the full project lifecycle.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

R&D Therm (I) Pvt Ltd is a custom process equipment manufacturer and fabricator based in Nashik, India, producing distillation columns, shell and tube heat exchangers, pressure vessels, reactors, deaerators, air receivers, storage tanks, and industrial stacks. The company holds ASME U Stamp and IBR certifications and manufactures equipment in compliance with ASME Section VIII Division 1 and IBR 1950 standards for clients in chemical, pharmaceutical, oil & gas, petrochemical, food processing, and power generation industries. It also provides piping and erection services and turnkey plant installation as complementary offerings.

Product overview

R&D Therm India Pvt. Ltd. is a process equipment manufacturer and fabricator offering a comprehensive portfolio of chemical process equipment. The company's core product lineup includes Distillation Columns for precise liquid mixture separation, Shell and Tube Heat Exchangers for efficient thermal transfer, Pressure Vessels and Reactors for reliable performance under pressure, along with Deaerators for boiler feed water treatment, Air Receivers for compressed air storage, Storage Tanks for various industrial liquids, and Stacks/Chimneys for exhaust gas release. Additionally, the company provides Piping & Erection services for installation and assembly of pipeline systems. All equipment is manufactured with ASME U Stamp and IBR certifications, serving industries including chemical processing, pharmaceuticals, oil & gas, petrochemicals, food & beverage, and power generation.

Differentiator

Problem solved

Functional benefit

Products and services

• Distillation Columns Distillation columns for precise separation and fractional distillation of liquid mixtures, designed for high-efficiency separation based on boiling points. Used in chemical, petrochemical, and pharmaceutical industries.
• Shell and Tube Heat Exchangers Shell and tube heat exchangers designed for efficient thermal transfer in oil refineries, chemical plants, and high-pressure applications. Manufactured for process industries requiring reliable heat exchange.
• Pressure Vessels High-quality coded and non-coded pressure vessels for storage and transfer of pressurized fluids, vapors, and gases in chemical, pharmaceutical, oil & gas, and food processing sectors. ASME U Stamp and IBR certified.
• Air Receiver Air receivers for storing high-pressurized air from compressors, designed to minimize pressure fluctuations in compressed air systems used in industrial facilities.
• Stack (Chimney) Industrial chimneys and stacks designed to safely release exhaust gases from industrial processes into the atmosphere while adhering to environmental regulations.
• Deaerator Spray-type and tray-type deaerator tank boiler systems for removing dissolved oxygen and carbon dioxide from boiler feed water to prevent corrosion and optimize heat transfer efficiency. Capacity range 0.5 m³ to 100 m³.
• Storage Tanks Storage tanks including atmospheric, vertical and horizontal storage tanks for liquids, chemicals, water, and industrial mediums. Manufactured to API 650, IS 2062, and ASME standards with diameters up to 3500 mm and weight up to 30 MT.
• Reactors Agitated reactors for efficiently mixing, heating, or cooling materials under controlled conditions. Capacity up to 50 m³, pressure rating up to 22 kg/cm²(g), suitable for high-temperature and cryogenic applications. Used in chemical processing, pharmaceutical manufacturing, and food production.
• Piping & Erection Services Installation and assembly of pipelines and systems for fluid or gas transport in industrial facilities. Offered as a complementary service to equipment supply contracts.
• Turnkey Plant Installation End-to-end project execution covering design, engineering, procurement, installation, and commissioning of process plants. Provided through project-based contracts covering the full project lifecycle.

Quantifiable outcome

• 500+ total clients served across multiple industries globally
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• GMM Pfaudler: India-headquartered global manufacturer of glass-lined reactors, process equipment, and engineered systems serving chemical and pharmaceutical industries. Directly comparable as a process equipment specialist serving the same primary verticals with similar custom fabrication model.
• SPX Heat Transfer (SPX Technologies): Global manufacturer of heat transfer products including shell-and-tube heat exchangers and process equipment serving chemical, petrochemical, and industrial markets. Closely comparable product category and customer base to R&D Therm's heat exchanger business.
• Thermax Limited: Indian process equipment and engineering company offering heat exchangers, boilers, and process equipment across chemicals, power, and oil & gas. Closely comparable in product portfolio, geographic focus (India + international), and customer base to R&D Therm.
• Forbes & Company: India-based process equipment and engineering company (Shapoorji Pallonji Group) manufacturing pressure vessels, heat exchangers, and process equipment for chemicals, petrochemicals, and oil & gas. Closely comparable Indian peer with overlapping product portfolio and customer base.
• Praj Industries: India-based process equipment manufacturer focused on ethanol/biofuels, brewery, and chemical process equipment including pressure vessels and heat exchangers. Comparable in fabrication capability and target verticals (chemical, pharma, process industries).
• Paul Mueller Company: US-based manufacturer of stainless steel processing equipment, heat exchangers, and storage tanks for food, beverage, dairy, chemical, and pharmaceutical industries. Directly comparable product portfolio and custom fabrication model.

Broad incumbents

• BHEL (Bharat Heavy Electricals Ltd): India's largest heavy electrical equipment manufacturer with significant process equipment and boiler fabrication capability serving power generation, industrial, and energy sectors. Overlaps with R&D Therm's pressure vessel, boiler, and heat exchanger offerings.
• GEA Group: Global manufacturer of process equipment, heat exchangers, and separation technology for food, chemical, and pharmaceutical industries. Comparable in process equipment portfolio but operates as a global diversified incumbent.
• Larsen & Toubro (L&T): Indian EPC and heavy engineering conglomerate with substantial process equipment fabrication capability serving oil & gas, petrochemical, and power. Overlaps with R&D Therm on pressure vessels, heat exchangers, and reactors within a much wider industrial portfolio.
• Alfa Laval: Global leader in heat exchangers, separation equipment, and fluid handling — overlapping with R&D Therm's heat exchanger and process equipment portfolio but operating at much larger scale across a broader industrial portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R&D Therm (I) Pvt Ltd