Haier India
Bharti–Warburg storm Haier India! Sunil Mittal bets big as China’s Haier dilutes stake
Mumbai/IBNS: Sunil Mittal-led Bharti Enterprises and private equity firm Warburg Pincus have announced a strategic investment in the Indian arm of China’s Haier Group, Haier Appliances India, following regulatory approval from the Chinese government to dilute Haier’s stake, media reports said.
Under the deal, Bharti Enterprises and Warburg Pincus will together hold a 49% stake in Haier Appliances India, while Haier Group will retain another 49%. The remaining 2% will be allocated to employees.
“This strategic collaboration will accelerate Haier’s growth and expansion in India by bringing together the company’s global excellence in innovation, Bharti’s strong standing and networks, and Warburg Pincus’ proven track record of scaling brands into industry leaders,” the companies said in a joint statement quoted by Moneycontrol.
The partners noted that India’s consumer appliance market is witnessing robust growth, driven by rising disposable incomes, evolving lifestyles and increasing appliance penetration.
Haier India currently ranks among the top three consumer durables companies in the country, with a diversified product portfolio that includes air conditioners, refrigerators, televisions, washing machines and kitchen appliances.
Over the past seven years, Haier India has recorded a compound annual growth rate (CAGR) of around 25%, among the highest in the industry, supported by strong performance across product segments and geographies.
The companies said the partnership will further strengthen Haier India’s leadership position in the fast-growing consumer durables market by combining global innovation with local execution.
Haier India operates two manufacturing facilities in Pune and Greater Noida, producing a wide range of consumer appliances for the domestic market.
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