Ariston Group is a global leader in thermal comfort and energy efficiency. All over the world, Ariston Group is synonymous with comfort, energy efficiency and respect for the environment, thanks to:
Ariston Group boasts a strong and long-established presence in Europe, and a growing exposure to North America and the emerging economies of Asia, Middle-East and Africa.
Global presence and local resources: our numbers describe a solid and growing Group rooted in its values and the local territory.
Billion euro in
revenues in 2022
People
Representative offices
In 43 countries
Production facilities +
R&D centrers
Racold is India’s most trusted brand (as per Brand Trust Report 2016) and one of the largest providers of water heating solutions for over 60 years in India. It is a fully owned subsidiary of the Ariston Group-Italy, the world leader in water and environmental heating solutions. Ever since its inception, Racold, has been setting standards in the Indian Water Heating Industry by bringing in new technology, and enhancing the aesthetics, quality, safety, durability and performance of the product.
Racold has set a new benchmark in the industry for energy efficiency standards and has the distinction of being the only brand in the water heating category to win the BEE award for the 10th time. Racold is the only brand in the water heating category to be chosen as a Superbrand for 2019, 2021 & 2023
WHY RACOLD?
As a leader in the water heater industry, we boast of an extensive range of electric, tankless, solar, gas water heaters and heat pumps. For the last six decades, Racold is a brand synonymous with breakthrough innovation, quality water heating solutions and complete customer satisfaction across all sectors ranging from domestic to commercial to industrial. To further answer our customers' needs, we craft our water heaters in various storage capacities, features, sizes and colours to bring you the best bathing space.
We believe in creating geysers that are not harmful to the environment. This effort of ours has been recognised by the Bureau of Energy Efficiency (BEE). Most of our products, like our electric and instant water heaters, are 5-star rated which helps in cutting down the electricity bills of the consumer and energy preservation as well. Additionally, we offer the best solar water heaters in India that is a reflection of our commitment towards a greener planet.
We have placed energy efficiency at the heart of our sustainable growth strategy and we are deeply committed to energy conservation. The recognition we have received by the Bureau of Energy Efficiency(BEE) for 10 years bears witness to our dedication towards creating energy-efficient water geysers. Ariston Group applies the WCM method at its plants to constantly improve manufacturing productivity as well as ensure product quality.
Moving forward in leaps and bounds, we have further strengthened our reach and access to the remotest corners of the country. By going far and wide at every customer touchpoint, providing convenience on-demand, we offer services wherever and however required!
With 1000+ technicians, 300+ service centres PAN India, Service accessibility in 19,000 pin codes and 1.5 lakh different locations and 24*7 Connected service (Chatbot), we now command a much stronger and long-established presence across the nation.
Brand PHILOSOPHY
The daily complexities of life, the stress that arises from the smallest of occurrences, coupled with the harsh sun beating down on you, each take their turn to affect the quality of your life. To help reverse this, we at Racold, emphasize the need to rejuvenate yourself every day with the power of hot shower. This philosophy is the driving force that enables us to create water heating solutions with extreme precision and innovation.
AWARDS
Winning “Appliance of the year, 2020” marks Racold’s 10th victory in Energy Efficiency awarded to us by BEE
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Our Leadership Team
The growth and development of the Ariston Group in India and South Asia markets has been entrusted to Mr. Mohit Narula who in the capacity of Managing Director oversees the efficient management of this region. He assumed office in May 2019 bringing with him over 23 years of industry experience in diverse fields ranging from BFSI to Telecom in leading companies. He is skilled in management, strategic planning, business development and marketing strategy.
Prior to Ariston Group, Mr. Narula has held a myriad of leadership positions across various spheres like Sales, Marketing and Management. With his appointment as the Managing Director, Ariston Group India Pvt Ltd, India's largest water heating solutions provider, has strengthened its position in the country.
-Mohit NarulaManaging Director
Shriniwas Joshi heads the service function in India. He is instrumental in devising strategies for revenue growth and reduction in service cost with higher customer and trade satisfaction. He oversees operations management, business development, team management, account development at Ariston Group India Pvt Ltd.
He has 19 years of experience in these areas, which also include spare parts management, appointment of distributors and outreach programmes. He also has a good grasp of call center operations, domestic appliances industry and consumer forum case management.
Mr. Joshi blends motivation, organizational leadership and analytical skills to develop and implement innovative ideas to accomplish higher bottom line.
-Shriniwas JoshiVice President - Service
Sriman is currently the Vice President sales at Ariston Group for the Indian Subcontinent. He joined Ariston Group India in November 2017 and brings with him over 21 years of experience in Sales and Distribution.
At Ariston, he has led the volume, value and distribution growth impressively.
-Sriman NarainVice President - Sales
As head of Human Resource, Industrial Relations and Administration at Ariston Group India Pvt Ltd, Mr. Gautam Karkal wears many hats: He provides leadership and direction on HR and IR policies,Gautam, who joined the company in 2016, has over 22 years of experience in leading HR and IR teams across key sectors and large multinationals. His long career graph reflects his professional abilities: He has handled disciplinary proceedings and court litigations; successfully negotiated and signed many long-term settlements with labour unions; implemented the company’s standing orders; led HR and IR teams for industries engaged in manufacturing, metals, mining, hospitals and greenfield projects; handled large workforce including contract labour in a peaceful and amicable manner; identified legal requirements and government reporting regulations applicable to HR; ensured employee compliance and welfare, and liaised with government authorities.
-Gautam KarkalVice President - Human Resources
Mr. Hitendra Admuthe leads the Procurement and Exports Functions at Ariston Group India Pvt Ltd., Pune.
Mr. Admuthe is a post graduate in Management from Pune University and Mechanical Engineer from Shivaji University. He is also a recipient of the Rotary Vocational Excellence Award. He is passionate about his work and strongly believes in hard work, and the think-big approach. He is an Executive Member of IIMM, Pune and is also associated with various professional organizations and NGO’s.
Commodity Strategy, Cost Reduction, Man Management, VAVE (Value Analysis and Value Engineering), Vendor Managed Inventory, Managing scaleability with limited resources, International Sourcing, Developing long term partnership with suppliers are some of his major achievements.
-Hitendra AdmutheAssistant Vice President - Procurement
Abhishek Dolbaruah is the Head Supply Chain at Ariston Group India Pvt Ltd, joined the company in Feb 2018 He is responsible for managing the pan India supply chain including imports and exports of finished goods.
At Ariston Group, his responsibilities include logistics, warehousing, demand planning, S&OP, process excellence, compliance, exports and imports of FG, supply chain budget preparation, recruitment and team building. He has a broad range of skills and demonstrated record of contributing significantly towards achieving the organizational objectives. He looks at innovative/new ways to challenge the status quo and resolve challenges. Abhishek has a proven track record in bringing efficiencies to supply chain, minimizing costs without impacting service levels as well as exploring new ways of working to ensure an agile and lean supply chain.
-Abhishek DolbaruahAssistant Vice President - Supply Chain
In the capacity of Vice President for our Marketing segment, Mr. Vikram Raman’s responsibility is to provide strategic direction to The Ariston Group in the Product, Brand, and E-Commerce verticals across the Indian subcontinent. He joined Ariston Group India in March 2020 and brings with him over 16 years of industry experience in diverse fields ranging from food retail to consumer product companies. He has worked with leading brands like Domino’s Pizza, Dulux, Whirlpool, and Samsung. His last stint being with D.light - a social enterprise working in the field of sustainable development for rural India.
Mr. Raman having worked on a number of disruptive projects through his career believes in consumer centricity and respecting the environment.
-Vikram RamanVice President - Marketing & E-Commerce
Abhijit Banshelkikar presently heads the R&D function at Ariston Group for India operations. Along with R&D, he has also headed the Quality function in the past. He joined Ariston Group in June 2014 and brings over 20 years of rich experience in the Product Design of Appliances. He has a proven track record when it comes to launching many new products, variants of different water heaters, and other appliances.
He was instrumental in bagging the National Energy Conservation Award from the Bureau of Energy Efficiency for many years, the Machinist Super Shop-Floor Innovation award, and the ET Polymer award. He also played a significant role in getting the Smart Float design patented for Racold’s solar water heater application. He has spearheaded many OEM qualifications through complete technology transfer for business de-risking.
He is Six Sigma Green Belt certified from GE Appliances, Reliability Practitioner, Value Engineering Specialist from SAVE (Society of American Value Engineering).
He is a graduate in Mechanical Engineering from Government College of Engineering, Aurangabad. He started his career in the automotive field at Greaves Ltd. and later moved into engineering services, working for renowned companies like General Electric Appliances, USA & Thermo Fisher Scientific, USA for more than a decade in fields like home appliances and laboratory equipment.
-Abhijit BanshelkikarGeneral Manager - R&D
As Head of Finance at Ariston Group India Private Limited, Mr. Ninad Shelar has an array of responsibilities like business decision making, identifying and executing financial plans, financial reporting, treasury management, taxation, and legal to ensure compliances with various statues.
Mr. Ninad, a Chartered Accountant, comes with over 17 years of rich experience in Financial Management, MIS, Group Reporting, Budgeting & Control, Costing, Debtors & Inventory Control, ERP Implementation & Audit, Integration in Divestment Process, Internal Audit, ISO Certification, Six Sigma Projects, Procurement Lead, etc. He has worked in several geographies in his career – India, Oman, Nepal, France and has worked in different product lines – paints, industrial adhesives, switchgear, self-adhesive labels with renowned brands, and market leaders like Asian Paints, Henkel Adhesives, Legrand and Skanem.
-Ninad ShelarVice President - Finance
