The plant boasts a fully integrated production process dedicated to electric storage water heaters, spanning 23,100 sqm, of which 13,000 sqm are covered and boasts an annual production capacity of about 500,000 units.  This site enables Racold to offer Made-in-India state-of-the-art products. As part of the plan going forward Ariston Group will also supply Hintastica with a range of products from this facility.

Paolo Merloni, Executive Chairman of Ariston Group, stated: “We are delighted to announce this acquisition, which aligns perfectly with the industrial plan we presented on 17 September in our Fabriano’s headquarters. Racold is a renowned, premium brand in the market and this move will further strengthen its growth and leadership potential. Following our successful joint venture with Lennox, this agreement with Groupe Atlantic and Hindware Home Innovation Limited through Hintastica Private Limited further demonstrates Ariston Group’s proven ability to forge strong partnerships and reach significant agreement with leading industry players.”

Umberto Crovella, Executive Vice President for Asia, Middle East and Africa, commented: “India is one of the world’s fastest-growing markets, yet fewer than one in six households currently enjoy regular access to hot water. As demand accelerates and consumers embrace more advanced solutions, the need for a strong local supply chain offering a full range of Made-in-India products has never been greater. With the strength of our trusted local brand Racold and the addition of this new facility in Hyderabad, we are ready to seize this opportunity. This investment not only expands our industrial footprint but also underscores our commitment to delivering innovative, high-quality solutions — designed, developed, and manufactured in India, for India.”