About Ariston Group India Private Limited
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Ariston Group India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Ariston Holding N.V.. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 10 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31900PN2016FTC165930. Its GSTIN is 07AAOCA7042D1ZS (Delhi). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹75.75 Cr. It was formerly known as Ariston Thermo India Private Limited. It is led by directors including Mohit Narula (Managing Director) and Umberto Gaspare Crovella.
Its last annual general meeting (AGM) was held on 29 June 2026, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Office No. 103 Mayfair Tower Wakdewadi Shivajinagar, Pune, Maharashtra, India – 411005.
As per the financials filed for FY 2025, the company reported a revenue of ₹404.57 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹16.26 Cr (net margin -4%) and EBITDA of -₹14.23 Cr (EBITDA margin -3.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 12% over five years.
The company has about 131 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Racold. As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 4 cases are pending. The company has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in December 2023. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is Alok Medical Agencies Private Limited with revenue of ₹44.78 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website racold.com.
Company details
Contact details
Ariston Group India Private Limited's registered office is in Pune, Maharashtra. Its website is racold.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Office No. 103 Mayfair Tower Wakdewadi Shivajinagar, Pune, Maharashtra, India – 411005
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Ariston Group India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ariston Group India operates one associated brand: Racold. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Water heating solutions, including geysers and heaters, are offered by Racold in India. | racold.com |
Business activity
The main business activity of Ariston Group India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ariston Group India Private Limited, buy the company report.
Financials of Ariston Group India Private Limited
FY 2025 filings availableAriston Group India Private Limited reported revenue of ₹404.57 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 5% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹404.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹14.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.26 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ariston Group India Private Limited, buy the company report.
Board of directors of Ariston Group India Private Limited
Ariston Group India has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Narula | Managing Director | 31 May 2019 | 7 Years 5 Months | Current |
| Umberto Gaspare Crovella | Director | 01 Dec 2024 | 1 Years 11 Months | Current |
| Ninad Jaiprakash Shelar Also directs: Ariston Water Heating Products India Private Limited | Director | 15 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Ariston Group India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ariston Group India Private Limitedthis company | ₹404.57 Cr (FY 2025) | -₹16.26 Cr | -4% | 5.0% | 131 | Pune, Maharashtra, India |
| Alok Medical Agencies Private Limited | ₹44.78 Cr (FY 2024) | 12.0% | Jaipur, Rajasthan, India | |||
| Diya Agro Commodities Private Limited | ₹44.78 Cr (FY 2024) | 27.0% | Ahmedabad, Gujarat, India | |||
| R.C.F. Multiventure Private Limited | ₹44.78 Cr (FY 2025) | -26.0% | Budgam, Jammu and Kashmir, India | |||
| Ritvik Digitech Private Limited | ₹44.75 Cr (FY 2025) | -9.0% | Hyderabad, Telangana, India | |||
| Sambodhan Distributors Private Limited | ₹44.75 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Rishabh Laboratories Pvt Ltd | ₹44.75 Cr (FY 2025) | 17.0% | Raipur, Chhattisgarh, India | |||
| Rajdhani Paper Board Private Limited | ₹44.75 Cr (FY 2025) | -23.0% | Bangalore, Karnataka, India | |||
| Kanodia Oil Private Limited | ₹44.74 Cr (FY 2024) | 1211042.0% | New Delhi, Delhi, India | |||
| Narsing Textiles Industries Private Limited | ₹44.72 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Akarsh Auto Private Limited | ₹44.72 Cr (FY 2024) | 1.0% | Patna, Bihar, India |
To see the full peer comparison of Ariston Group India Private Limited, buy the company report.
Auditor
Ariston Group India Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Ariston Group India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ariston Group India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2021 | 100422150 | The Hongkong and Shanghai Banking Corporation Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Ariston Group India Private Limited has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in December 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Rights issue | ₹39.14 Cr | Investors: Ariston Holding N.v |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Ariston Holding N.v Seller: an individual |
| Dec 2020 | Rights issue | ₹70.01 Cr | Investors: Ariston Holding N.v, an individual |
| Aug 2017 | Rights issue | ₹9.5 Cr | Investors: Ariston Holding N.v, an individual |
| Dec 2016 | Rights issue | ₹19.5 Cr | Investors: Ariston Holding N.v, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ariston Group India Private Limited has 7 court cases on record: 6 filed by Ariston Group India, 1 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 2 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Racold Thermo Private Ltd. and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Bhalchandra Rane THR Suparv Industries | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against Union Biblical Seminary Association and 2 others | Pending |
To see the full case history of Ariston Group India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ariston Group India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ariston Group India Private Limited has a workforce of 131 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Ariston Group India has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAOCA7042D1ZS | Delhi | Active | 01 Jul 2017 |
| 08AAOCA7042D1ZQ | Rajasthan | Active | 01 Jul 2017 |
| 27AAOCA7042D1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 33AAOCA7042D1ZX | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ariston Group India Private Limited, buy the company report.
Recent activity
Ariston Group India Private Limited has 15 board changes on record since 2016: 6 appointments and 9 cessations. The latest: Ninad Jaiprakash Shelar ceased to be Additional Director on 27 May 2025.
7 earlier events are in the company report.
News
Frequently asked questions
Ariston Group India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 10 August 2016 (10+ years old) and is registered under CIN U31900PN2016FTC165930.
Ariston Group India has 3 current directors:
- Mohit Narula - Managing Director
- Umberto Gaspare Crovella - Director
- Ninad Jaiprakash Shelar - Director
The latest financial statements of Ariston Group India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 June 2026. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ariston Group India is 07AAOCA7042D1ZS, registered in Delhi. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 08AAOCA7042D1ZQ (Rajasthan), 27AAOCA7042D1ZQ (Maharashtra), 33AAOCA7042D1ZX (Tamil Nadu).
The CIN (Corporate Identification Number) of Ariston Group India is U31900PN2016FTC165930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ariston Group India has 7 court cases on record: 6 filed by the company and 1 filed against it. 4 are pending. Most are in the district courts.
Ariston Group India was incorporated on 10 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Ariston Group India has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in December 2023.
The peers of Ariston Group India by revenue are Alok Medical Agencies Private Limited, Diya Agro Commodities Private Limited, R.C.F. Multiventure Private Limited, Ritvik Digitech Private Limited, Sambodhan Distributors Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Ninad Jaiprakash Shelar ceased to be Additional Director on 27 May 2025. Umberto Gaspare Crovella ceased to be Additional Director on 27 May 2025. Ninad Jaiprakash Shelar was appointed as Director on 15 Feb 2025. Ariston Group India has 15 board changes on record in total.
Ariston Group India can be reached through the website racold.com. Its registered office is in Pune, Maharashtra, India.
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