Hindware joint venture sells water heater manufacturing assets

Hintastica Private Limited (HPL), a 50:50 joint venture between Hindware Home Innovation Limited and Atlantic Societe Francaise De Developpement Thermique, has signed an asset sale agreement with Ariston Water Heating Products India Private Limited. The transaction, dated October 17, 2025, involves the sale of HPL's manufacturing assets, including land, buildings, plant, machinery, and equipment, located at Green Industrial Park, Telangana.

The consideration for this asset sale is INR 116 crore, subject to customary closing conditions. The sale is expected to be completed on or before February 28, 2026. This strategic move will enable HPL to adopt an asset-light operating model for its water heater business, focusing on market development, product innovation, and expanding consumer reach.

HPL's manufacturing facility has been producing electric storage water heaters since 2023. The buyer, Ariston, is an unrelated third party. Hindware Atlantic, the operational entity, will continue in the water heater business, sourcing part of its future product range from the Telangana facility.