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Racold Thermo Pvt. Ltd. is a fully owned subsidiary of Ariston Thermo Group–Italy, one of the leading global players in water and space heating products. The Indian operations include India’s largest and fully integrated water heater plant near Pune, Maharashtra that has been operational since 1999. Ever since its inception, Racold Thermo went on to set standards in the Indian water heater industry by bringing in new technology, enhancing the aesthetics, quality, durability and performance of the product.

After building a formidable brand as the country's largest water heating solutions provider,  Racold also offers solar water heaters now. The company won the “Best Performed Manufacturer on Installation of Solar Water Heaters” for 2 years in a row and for the ‘Best Service and Dealer Award in 2013-2014’ from the Bureau of Energy Efficiency for innovations in Water Heating Solutions and energy efficiency.