Entrepreneur in Residence (EIR) – Thermal Systems / Heat Exchangers

Position:

Location:

Duration:

Company:

About the Role

technically strong, entrepreneurial, and curious individual

technical R&D, product development, and business strategy

Key Responsibilities

• Research, design, and support development of industrial heat exchangers and related equipment.
• Implement end-to-end design processes including thermal and mechanical design, materials, and fabrication.
• Support testing, prototyping, and documentation for new product lines.
• Conduct market and technical studies for HVAC, process, and industrial applications.
• Interact with suppliers, fabricators, and customers to support early projects.
• Contribute to business planning and commercialization strategies for the new vertical.
• Travel as needed to plants, clients, and vendors across India.

Desired Candidate Profile

• B.Tech/M.Tech in Mechanical, Thermal, or Chemical Engineering from IIT, NIT, BITS, or equivalent.

• 1–5 years of experience in product design, R&D, or process engineering (HVAC, pressure vessels, heat exchangers).
• Proficiency with design/simulation tools (ANSYS, SolidWorks, HTRI, or similar).
• Strong communication skills, analytical ability, and hands-on problem-solving approach.
• Entrepreneurial mindset — comfortable working in an evolving, growth-oriented environment.
• Willingness to travel and take ownership of end-to-end projects.

What We Offer

• Opportunity to build and lead a new line of business in a growing industrial company.
• Mentorship from experienced industry professionals.
• Exposure to the complete product lifecycle — from concept to commercialization.
• A performance-based path to equity/ESOP participation after the initial period.

Offer & Compensation Structure

Phase 1 – Fixed Period (First 18 months)

• Compensation: As per market standard and depending on experience and skills.
• Performance Incentives: Up to 10% of annual CTC as a performance-linked bonus, based on milestones such as:
• Development of first working prototype
• Completion of 2–3 customer trials of newly developed products
• Contribution to a confirmed commercial order or new client
• Benefits: As per company policy (travel reimbursement, project expenses, etc.).

Phase 2 – Performance-Based Equity / ESOP

• Eligible after 18 months and achievement of agreed milestones.
• Quantum: Typically, 0.5% – 2%, based on performance and role at grant.
• Vesting: 3–4 years with a standard 1-year cliff.
• Conditional upon continued involvement and contribution to business growth.

Performance Review Framework

• Quarterly review with leadership.
• Mid-term review at 9 months to assess progress and alignment.
• Final review at 18 months to determine ESOP eligibility and leadership role in the vertical.

Growth Path

• 0–6 months:

  Product learning, design familiarization, and R&D contribution.

• 6–12 months:

  Independent handling of design or client projects.

• 12–18 months:

  Prototype/product rollout and business development involvement.

• Post 18 months:

  Leadership or co-founder-type role in the heat exchanger division with equity participation.