Tan90 Thermal Solutions Private Limited
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Tan90 Thermal Solutions Private Limited - overview
Established
2019
Location
Chennai, Tamil Nadu, India
Primary Industry
Packaging
About
Based in Chennai, India, and founded in 2019 by co-founders Soumalya Mukherjee, Rajani Kant Rai, and Shiv Sharma, Tan90 Thermal Solutions Private Limited offers proprietary energy-efficient passive cooling solutions for transporting perishables, including food and pharmaceuticals. In May 2025, Tan90 Thermal Solutions Private Limited raised INR 200 million in series A funding led by new investor Nabventures, with participation from returning investors Blue Ashva Capital, Capital A, and 3i Partners. The company's product categories include Box90, P90, Bag90, and Evap90, which provide cooling solutions on lease to organizations to freeze the PCM panels, which operate as thermal batteries. Tan90 offers packaging options for biological transportation during a 96–120-hour period to manage your pharmaceutical supply chain.
Evap90 is a passive cooling storage unit of 200 kg capacity meant for storing fruits and vegetables at the farm gate. The company will use the May 2025 funding for product development and expand its market reach across Southeast Asia, the Middle East, and Africa.
Current Investors
Blue Ashva Capital, 3i Partners, Capital-A
Primary Industry
Packaging
Sub Industries
Heating, Cooling & Ventilation Equipment and Services, Packaging
Website
www.tan90thermal.com
Verticals
Infrastructure
Company Stage
Series A
Total Amount Raised
Subscriber access only
Tan90 Thermal Solutions Private Limited - timeline of key events
Tan90 Thermal Solutions Private Limited - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | 589,382 | 4,469,260 | - | - | - |
| % Revenue Growth (YoY) | - | - | 658.3% | - | - | - |
| EBITDA (USD) | (17,700) | 110,180 | (752,567) | - | - | - |
| Operating Income (USD) | (17,700) | 105,915 | (769,913) | - | - | - |
| Operating Margin | - | 18.0% | (17.2%) | - | - | - |
| % EBITDA Margin | - | 18.7% | (16.8%) | - | - | - |
| NET Income (USD) | (17,700) | 29,766 | (703,200) | - | - | - |
| % Net Margin | - | 5.1% | (15.7%) | - | - | - |
Tan90 Thermal Solutions Private Limited - employee data
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