Bharti Enterprises, Warburg Pincus announce strategic investment in Haier India

Bharti Enterprises and Warburg Pincus on Wednesday (December 24) announced a strategic investment in Haier India, a subsidiary of the Haier Group, to support the company's next phase of growth in the Indian market.

Following completion of the transaction, Bharti Enterprises and Warburg Pincus will collectively hold a 49% stake in Haier India. Haier Group will retain a 49% ownership stake, while the remaining stake will be held by Haier India's management team.

The partnership aims to accelerate Haier India's growth and expansion by combining Haier’s global capabilities in innovation, Bharti's networks and standing in India, and Warburg Pincus' experience in scaling businesses. The collaboration is expected to strengthen Haier India’s ‘Made in India, Made for India’ strategy by deepening local sourcing, expanding manufacturing capacity, driving product innovation and accelerating market penetration. The capital infusion is also expected to enhance the company’s competitiveness across the value chain.

Haier India operates in India's consumer appliance market, which has been witnessing strong growth. The company is currently among the top three consumer durables players in the country, with a portfolio spanning air conditioners, refrigerators, televisions, washing machines and kitchen appliances. Over the past seven years, Haier India recorded a compound annual growth rate of approximately 25%, supported by performance across product segments and geographies.

Catch live market updates with CNBC-TV18.com's blog