Racold Thermo Private Limited - Company Profile

It is a consumer electronics & durables private limited company based in Pune, Maharashtra, India, established in 2004.

2004 Pune, Maharashtra, India Active

Last Updated: January 03, 2026

About Racold Thermo Private Limited

Racold Thermo Private Limited, a active private limited company, was established on 11 November 2004 in Pune, Maharashtra, India. Engaging in electronics manufacturing within the support service to organizations sector, it holds CIN: U31909PN2004PTC019938. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹30.00 Cr and a paid-up capital of ₹26.21 Cr.

Formerly known as Ariston Thermo India Limited, Racold Thermo Limited. It upholds a compliant status. Employing 1 professional, Its leadership includes Gautam Gopalkrishna Karkal (Director), Paolo Cancellieri (Director), Marcella Zacchei (Director). Past directors included Walter Albe, Alok Kumar Rathi, Ramnath Venkatramanan. It holds ₹5.10 Cr open charges and ₹0.86 M settled loans. Its latest AGM occurred on 25 July 2025, with the balance sheet filed on 31 December 2024. It is based at Gat No 265/374/376Kharabwadi, Chakan Taluka -Khed, Pune, Maharashtra, 410501.

Company Details

CIN/LLPIN
U31909PN2004PTC019938
Registration Number
019938
Incorporation Date
11 November 2004
Authorized Capital
₹30.00 Cr
Paid-Up Capital
₹26.21 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 30.00 Cr as on 03-01-2026
Paid Up Capital ₹ 26.21 Cr as on 03-01-2026
Company Age 21 Year, 3 Months
Last Filing with ROC 31 Dec 2024
Open Charges ₹ 5.10 Cr as on 03-01-2026
Satisfied Charges ₹ 0.86 M as on 03-01-2026
Revenue Growth **** -15.74% (FY 2023)
Profit Growth **** -19.42% (FY 2023)
Ebitda **** -12.67% (FY 2023)
Net Worth -0.71% (FY 2023)
Total Assets -1.64% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Racold Thermo Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Racold Thermo Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Gautam Gopalkrishna Karkal	Director	31 May 2019	Current
Paolo Cancellieri	Director	07 May 2012	Current
Marcella Zacchei	Director	26 May 2015	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	01 Jan 2020	Past
Pramod Abcsdd	Director	31 May 2012	Past
Pramod Abcsdd	Managing Director	31 May 2019	Past
Pramod Abcsdd	Director	31 May 2014	Past
Pramod Abcsdd	Managing Director	24 Sep 2015	Past
Pramod Abcsdd	Director	25 Nov 2024	Past

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Financial Performance of Racold Thermo.

Racold Thermo Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.74% decrease. The company also saw a substantial fall in profitability, with a 19.42% decrease in profit. The company's net worth dipped by a decrease of 0.71%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-15.74%

*******

Revenue from Operations

*******

-14.80%

*******

Total Assets

*******

-1.64%

*******

Profit or Loss

*******

-19.42%

*******

Net Worth

*******

-0.71%

*******

EBITDA

*******

-12.67%

*******

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What is the Ownership and Shareholding Structure of Racold Thermo?

In 2022, Racold Thermo had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹51,000,000.00

Satisfied Charges

₹858,570.00

Charges Breakdown by Lending Institutions

State Bank Of India : 4.35 Cr
Bank Of Maharashtra : 0.70 Cr
Canara Bank : 0.05 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Apr 2000	State Bank Of India	₹4.35 Cr	Open
11 Apr 1996	Bank Of Maharashtra	₹2.50 M	Open
11 Apr 1996	Bank Of Maharashtra	₹3.00 M	Open
18 Jul 1995	Bank Of Maharashtra	₹1.50 M	Open
13 Oct 1994	Canara Bank	₹0.50 M	Open

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How Many Employees Work at Racold Thermo?

Racold Thermo has a workforce of 1 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Racold Thermo, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Racold Thermo's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Racold Thermo

Recent Activity within the Organization

Annual General Meeting

Racold Thermo Private Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records. was recorded as a recent event.
25 Jul 2025
Director Appointment

The activity Girija Santosh Chavan was appointed as a Company Secretary was appointed as a Company Secretary on 17 Jun 2025 & has been associated with this company since 7 months 27 days . was completed.
17 Jun 2025
Balance Sheet

Racold Thermo Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Pune. was recorded as a recent event.
31 Dec 2024
Charges

Progress on A charge registered on 24 Sep 2014 via Charge ID 10529243 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 26 Dec 2022. was documented.
26 Dec 2022
Charges

Progress on A charge registered on 01 Aug 2018 via Charge ID 100194951 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 18 Feb 2020. was documented.
18 Feb 2020
Director Appointment

Progress on Gautam Gopalkrishna Karkal was appointed as a Director was appointed as a Director on 31 May 2019 & has been associated with this company since 6 years 8 months . was documented.
31 May 2019

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