Billionaire Profile
Anu Aga
Global Rank
#1587

Image: Public domain | via Wikimedia Commons

Anu Aga

CEO, Thermax Ltd.
IN
Real-Time Net Worth
$4.7B
As of December 2025
Age
83
Source
Engineering
Industry
construction-engineering
Citizenship
IN

Biography

Anu Aga is a highly accomplished Indian businesswoman and social worker, known for her significant contributions to both the corporate world and philanthropy. Born on August 3, 1942, she is 83 years old. She is best known for leading Thermax, an engineering solutions provider, as its chairperson from 1996 to 2004. Her source of wealth is primarily from engineering and her leadership at Thermax. During her tenure, she transformed the company into a global player in energy and environment projects. Aga holds a Bachelor of Arts in Economics from St. Xavier's College, Mumbai, and a post-graduate degree in medical and psychiatric social work from the Tata Institute of Social Sciences (TISS). She has been recognized for her achievements and contributions with the Padma Shri award for Social Work in 2010. As of October 9, 2024, Forbes listed her as the 67th richest person in India with a net worth of $4.7 Billion.

Wealth Over Time

In-Depth Profile

Early Life and Education

Anu Aga was born in Bombay (now Mumbai) on August 3, 1942, into a Parsi Zoroastrian family. She graduated with a Bachelor of Arts in Economics from St. Xavier's College, Mumbai, and later pursued a post-graduation in medical and psychiatric social work from the Tata Institute of Social Sciences (TISS), also in Mumbai. She was also a Fulbright Scholar, spending four months studying in the United States.

Rise to Success

Aga's career took a significant turn when she joined Thermax in 1985, which was then run by her husband, Rohinton Aga. She headed the human resources division from 1991 to 1996. Following her husband's death in 1996, she took over as the chairperson of Thermax. During her tenure, she played a pivotal role in the company's growth, transforming it into a global turnkey player in energy and environment projects. She stepped down as chairperson in 2004, handing over the reins to her daughter, Meher Pudumjee.

Key Business Strategies

Under Anu Aga's leadership, Thermax focused on innovation and diversification, expanding its product line into energy and environment solutions. She emphasized research and development, which helped Thermax become a leader in the energy sector. She also spearheaded a full-scale reform with the help of the Boston Consulting Group, significantly contributing to the company's global presence and financial performance.

Philanthropy

After retiring from Thermax, Anu Aga dedicated her time to social work. She co-founded Teach For India in 2008, a non-profit organization that recruits young people to teach for two years in schools for low-income kids. She is also associated with the Thermax Social Initiative Foundation (TSIS), which manages schools for lower-income groups. The family has committed 30% of their income of Thermax's dividend towards philanthropic causes.

Career Milestones

1985

Joined Thermax

Began her career at Thermax, which was then run by her husband.

1991-1996

Head of HR, Thermax

Headed the human resources division of Thermax.

1996

Chairperson, Thermax

Took over as Chairperson of Thermax after her husband's death.

2004

Retired from Thermax

Stepped down as Chairperson of Thermax, handing over to her daughter.

2010

Padma Shri Award

Awarded the Padma Shri for Social Work by the Government of India.

2012-2018

Rajya Sabha Nomination

Nominated to the Rajya Sabha, the Upper House of Indian Parliament.

Philanthropy & Social Impact

Education

Teach For India

Undisclosed

Cofounded Teach for India in 2008, a non-profit that recruits young people to teach for two years in schools for low-income kids.

Education

Thermax Social Initiative Foundation (TSIS)

Undisclosed

Manages schools for lower-income groups in partnership with municipal corporations.

Community Development

Aga Khan Foundation

Undisclosed

Supports education, healthcare, and community development.

Business Philosophy & Leadership

Notable Quotes

""I think they all made me who I am." – Speaking on the tragedies she faced"

Leadership Principles

Transparency in Corporate Governance

Anu Aga is known for her commitment to transparency in how companies are run.

Commitment to Sustainability

Her commitment to sustainability has ensured the growth of Thermax and its high profitability.