Blog/Top companies
11 August 2026
Top 10 Heat Exchanger Manufacturers in India
India has hundreds of heat exchanger manufacturers. This guide profiles the top 10 — evaluated by scale, certifications, product range, and market presence — to help buyers identify the right supplier faster.
AP
Akshay Parmar
Overview: Heat Exchanger Industry in India
India’s heat exchanger industry is expanding alongside refining, petrochemicals, power generation, chemicals, HVAC, and food processing. The market was valued at about USD 1.65 billion in 2025 and is projected to reach USD 2.68 billion by 2030, growing at an annual rate of 10.2%. Shell-and-tube, plate-and-frame, and air-cooled designs remain central to industrial energy efficiency and process temperature control.
Top 10 Heat Exchanger Manufacturers in India
1. TEMA India Private Limited
TEMA India Private Limited, headquartered in Mumbai, Maharashtra, was established in 1984 and specializes in manufacturing heat exchangers, including shell-and-tube, screw-plug, air-cooled, and other specialized designs. Its equipment serves the oil and gas, petrochemical, power, chemical, fertilizer, and polysilicon industries. The company reports that approximately 80% of its turnover comes from exports and holds patented Shrink Ring technology for high-pressure, high-temperature applications.
2. Godrej Process Equipment
Godrej Process Equipment, headquartered in Mumbai, Maharashtra, was established in 1976 and manufactures heat exchangers, reactors, pressure vessels, columns, surface condensers, and feedwater heaters. It serves the oil and gas, refining, petrochemical, chemical, fertilizer, hydrogen, and power sectors worldwide. The business has delivered over 3,000 equipment units across 40+ countries and holds international certifications, including ISO and ASME, supported by more than 1,900 qualified welding procedures for advanced metallurgies.
3. L&T Heavy Engineering
L&T Heavy Engineering, headquartered in Mumbai, Maharashtra, is part of Larsen & Toubro, which was established in 1938, and manufactures heat exchangers, including high-pressure, high-temperature, shell-and-tube, and screw-plug designs. Its equipment serves the refinery, petrochemical, fertilizer, oil and gas, and nuclear power sectors. The business operates ASME-approved manufacturing facilities and uses in-house thermal, mechanical, and CFD analysis for complex heat-transfer equipment.
4. Alfa Laval India Private Limited
Alfa Laval India Private Limited, headquartered in Pune, Maharashtra, was established in 1937 and manufactures heat exchangers, including plate-and-frame, welded, spiral, air-cooled, and shell-and-tube designs. Its solutions serve the food processing, dairy, pharmaceutical, petrochemical, oil and gas, marine, energy, and metal industries. The company operates manufacturing units in Pune and Satara and has supplied heat-transfer equipment to customers across India and neighbouring countries, including Sri Lanka, Nepal, and Bangladesh.
5. The Anup Engineering Limited
The Anup Engineering Limited, headquartered in Ahmedabad, Gujarat, was established in 1962 and manufactures heat exchangers, including shell-and-tube, helical-baffle, and high-pressure designs. Its equipment serves the oil and gas, petrochemical, fertilizer, chemical, power, water, and aerospace industries. The company operates two manufacturing facilities spanning 170,000 sq m, manufactures equipment from 20 to 800 MT, and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
6. Steelcon Engineering LLP
Steelcon Engineering LLP, headquartered in Ankleshwar, Gujarat, traces its establishment to 1990 and manufactures heat exchangers, including shell-and-tube designs, alongside process equipment for the chemical, pharmaceutical, petrochemical, food, dyes and pigments, and related industries. The company specializes in high-alloy materials and follows international construction codes, including ASME, TEMA, PED, and AD 2000. Its certifications include ISO 9001:2015, ASME ‘U’, ‘R’, and ‘NB’ authorizations, and IBR approval.
7. Patels Airtemp India Limited
Patels Airtemp (India) Limited, headquartered in Ahmedabad, Gujarat, traces its operations to 1973 and manufactures heat exchangers, including shell-and-tube, air-cooled, and shell-and-fin tube designs. Its equipment serves the oil and gas, petrochemical, power, nuclear, chemical, fertilizer, and pharmaceutical industries. The company operates 77,900 sq m of manufacturing facilities, has supplied over 10,500 process equipment units, and holds ASME U, U2, and S stamps alongside ISO 9001:2015 certification.
8. Precision Equipments Chennai Private Limited
Precision Equipments Chennai Private Limited, headquartered in Chennai, Tamil Nadu, was established in 1981 and manufactures heat exchangers, including shell-and-tube, plate-and-shell, plate-and-frame, air-cooled, and hairpin designs. Its equipment serves the oil and gas, petrochemical, fertilizer, power, LNG, and nuclear industries. The company has delivered more than 5,500 process equipment units and can manufacture equipment up to 300 MT while adhering to ASME, TEMA, EN, PED, and API standards.
9. GMM Pfaudler Limited
GMM Pfaudler Limited, headquartered in Mumbai, Maharashtra, was established in 1962 and manufactures heat exchangers, including shell-and-tube, bayonet, double-pipe, and U-tube designs. Its equipment serves the petrochemical, fertilizer, oil and gas, and specialty chemical industries. The company’s Ahmedabad facility can process more than 10,000 MT of equipment annually and manufacture units up to 350 MT, with ASME U, U2, R, and S registrations and multiple ISO certifications.
10. HRS Process Systems Limited
HRS Process Systems Limited, headquartered in Pune, Maharashtra, was established in 2003 and manufactures heat exchangers, including corrugated-tube, shell-and-tube, plate, and scraped-surface designs. Its solutions serve the chemical, petrochemical, pharmaceutical, food and beverage, fertilizer, oil and gas, steel, and power industries. The company operates a five-acre manufacturing facility near Pune, is ISO 9001:2015 certified, and holds ASME ‘U’ and ‘R’ stamps for heat exchanger design and manufacturing.
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