Sunille Mittal, founder of Bharti Airtel and a private Warburg Pincus stock, currently undergoes exclusive talks on purchasing 49% of the China’s Indian giant devices. It is reported that the share is estimated at approximately $ 2 billion, which is a significant investment that reflects the growth of interest in the development of home appliances in India. The exclusivity period is valid during which none of the parties will look for alternative transactions, and the official message expected at the end of this month. This strategic step is in line with the increase in domestic home equipment due to the growth of disposable revenues and urbanization, MoneyControl reports.
The acquisition structure was the main aspect of the discussion, with a consensus now for the Mittal-Warburg Pincus consortium, which contains 49% of the shares, corresponding to the 49% of the Chinese maternal company Haier will support. The other 2% of the shares are assigned to the staff, providing joint control of both the mother company and the consortium that will influence the board and other strategic solutions.
Haier entered the Indian market in 2004, providing a diverse range of appliances such as refrigerators, air conditioning, washing machines and TVs. The company reported an increase in revenue by 36% compared to last year in 2024, reaching approximately 8 900 rubles, and suggests that in March reports Agene Agement PTI, which exceeds 11,500 rubles.
As the third largest player on the Indian home appliances market, Haier India lags behind LG and Samsung. This growth trajectory emphasizes Haier’s commitment to expanding traces in India, using its strong brand reputation and customer loyalty.
The potential new partnership with Mittal and Warburg Pincus comes against the background of Haier India plans to become public with the original public sacrifice (IPO) over the next two years, posting new investors. It is expected that this strategic step strengthens the Haier market position and uses reliable economic growth, given the country’s GDP expansion and relatively low products. IPO is expected to attach considerable interest to investors, which further fueled Haier’s expansion plans.
“We focus on the additional 2000 to 2500 krones in revenue annually. Going forward. The growth forecast is strong, given the reliable GDP of India and the relatively low penetration of products over the world markets,” said PTI President Haier Appliances India.
