Bharti Enterprises and private equity (PE) giant Warburg Pincus have teamed up to make a strategic investment in Haier India, the Indian subsidiary of the Haier Group.
Under the deal, Bharti and Warburg Pincus will jointly hold a 49% stake, the Haier Group will retain 49%, and the remainder will stay with Haier India’s management team.
The partnership aims to accelerate Haier India’s growth by combining the company’s global expertise in innovation, Bharti’s market presence, and Warburg Pincus’s experience in scaling brands into industry leaders, according to a media statement. The new capital is expected to strengthen Haier India’s competitiveness across the value chain.
India’s consumer appliance market is experiencing robust growth, driven by rising disposable incomes, shifting lifestyles, and deeper penetration of home appliances.
Established in 2003, Haier India ranks among the top three consumer durables companies in the country, offering products across categories such as air conditioners, refrigerators, televisions, washing machines, and kitchen appliances.
Over the past seven years, the company says it has achieved a compound annual growth rate (CAGR) of around 25% in India.
Bharti Enterprises is a diversified Indian conglomerate with businesses spanning telecommunications, digital infrastructure, financial services, real estate, hospitality, and food processing. Its flagship company, Bharti Airtel, serves over 600 million customers across India and Africa, ranking among the world’s top three mobile operators.
Meanwhile, Warburg Pincus is a global PE firm managing over $85 billion, with an active portfolio of more than 215 companies across sectors, stages, and geographies.
In India, its portfolio includes Appasamy Associates, a manufacturer of ophthalmic equipment and devices; and the lifestyle brand boAt, among others.
