Affle (India) Limited vs Thermax Limited
Put two companies head-to-head — source-verified financials and AI-analysed SWOT, together in one view.
Affle (India) Limited (Advertising technology) and Thermax Limited (Industrial engineering and environmental solutions) go head-to-head here — with source-verified financials and a full SWOT breakdown side by side on Nexvora Intelligence. On the figures reported, Thermax Limited leads on Revenue (approx.) and Net profit (approx.).
Thermax Limited leads on Revenue (approx.) and Net profit (approx.).
Head-to-head highlights
| Metric | Affle (India) Limited | Thermax Limited | Basis |
|---|---|---|---|
| Revenue (approx.) | Approximately ₹1,800-1,900 crore | Approximately INR 9,000-10,000 crore | AI estimate |
| Net profit (approx.) | Approximately ₹280-320 crore | Approximately INR 500-700 crore | AI estimate |
An arrow marks the larger reported figure — a factual comparison, not a quality judgement. Verified figures come from official filings; AI estimates are approximate and unverified.
Affle (India) Limited
Advertising technology · India
Affle (India) Limited is an Indian advertising technology company focused on mobile marketing, user acquisition, and consumer intelligence. Its platforms help advertisers acquire, engage, and monetize users across mobile apps and digital channels, with a strong focus on India and other emerging markets.
Verified financials
No source-verified financials available.
Strengths
- Strong mobile-first adtech specialization
- Performance-based advertising model aligned with advertiser ROI
- Presence across India, Southeast Asia, and other growth markets
- Portfolio expanded through acquisitions such as Jampp, mediasmart, and RevX
Weaknesses
- Smaller scale than global platform giants
- Dependence on mobile advertising budgets
- Business complexity from multiple acquired platforms
- Exposure to margin pressure in competitive performance marketing
Opportunities
- Growth in mobile app ecosystems across emerging markets
- Rising advertiser demand for measurable performance marketing
- Expansion of AI-driven campaign optimization and consumer intelligence
- Cross-selling across acquired adtech platforms
Threats
- Privacy regulation and mobile identifier restrictions
- Competition from large walled-garden platforms
- Ad fraud and brand-safety concerns in digital advertising
- Macroeconomic slowdowns affecting advertising spend
Thermax Limited
Industrial engineering and environmental solutions · India
Thermax Limited is an Indian engineering company that provides energy, heating, cooling, water and wastewater treatment, air pollution control, and specialty chemical solutions. It serves industrial and commercial customers across sectors such as power, chemicals, oil and gas, food processing, pharmaceuticals, cement, and infrastructure.
Verified financials
No source-verified financials available.
Strengths
- Established brand in industrial energy and environmental solutions
- Broad portfolio spanning heating, cooling, water, air pollution control, and chemicals
- Strong position in India’s industrial decarbonisation and efficiency market
- Aftermarket and service capabilities support customer retention
Weaknesses
- Exposure to cyclical industrial capital expenditure
- Project execution risks can affect margins and working capital
- Less global scale than major multinational engineering competitors
- Dependence on commodity and input cost movements
Opportunities
- Rising demand for energy efficiency and emissions reduction
- Industrial decarbonisation, biomass, waste heat recovery, and alternative fuels
- Expansion in international markets
- Growth in water treatment and environmental compliance solutions
Threats
- Intense competition from domestic and global engineering firms
- Delays in industrial projects or infrastructure spending
- Technology disruption in clean energy and industrial systems
- Foreign exchange, supply chain, and raw material cost volatility
Frequently asked
Answered from source-verified figures on this page.
Affle (India) Limited vs Thermax Limited: which company leads overall?
Thermax Limited leads on Revenue (approx.) and Net profit (approx.).
AI Analyst
Insights and answers generated live from Affle (India) Limited vs Thermax Limited's verified data. Modeled estimates — not investment advice.