Parag Shah Joins The Board Of Thermax As Independent Director

The Board of Directors of Thermax Limited has approved the appointment of Parag Shah as a Non-Executive Independent Director (Additional Director) effective from December 12, 2024, subject to the approval of the shareholders of the company.

Shah is the Founder and Partner of Amara Partners, an early-stage private equity fund. With over 24 years of experience, Shah previously held several positions with the Mahindra Group. He served as a member of the Group Executive Board and Head of Mahindra Accelo. He was also an executive committee member of various councils of Mahindra Learning University and led the group’s business representation in Israel. Shah is an Independent Director on the Board of HDFC AMC Ltd. and Lumax Auto Technologies. He holds a BS degree in Computer Engineering from the Illinois Institute of Technology, with electives in Psychology and Manufacturing Technology, and is a graduate of the General Management Program at Harvard Business School.