Bharti, Warburg Pincus to acquire 49% stake in Haier India to boost local manufacturing capacity — Details here
Haier India Share Agreement: According to a press release, Bharti Enterprises and Warburg Pincus on Wednesday, December 24, 2025, announced that the companies have decided to acquire a 49% stake in Haier India to expand the consumer appliance maker’s local manufacturing capacity in the country.
Details of the transaction show that Bharti and Warburg Pincus will collectively hold a 49% stake in Haier India, while the company’s parent company, Haier Group, will retain the remaining 49% stake.
“Upon completion of the transaction, Bharti and Warburg Pincus will collectively hold 49% stake in Haier India. Haier Group will hold 49% stake in Haier India and the remaining stake will remain with the management team of Haier India,” according to the exchange filing.
Future plans
Through this agreement, Bharti Enterprises and Warburg Pincus plan to deepen their local sourcing capabilities while expanding their manufacturing capabilities in the country to increase Haier India’s market penetration and innovate products.
The company’s product portfolio spans categories such as air conditioners, refrigerators, televisions, washing machines and kitchen appliances.
Over the last seven years, Haier India has achieved a CAGR of around 25% in India, driven by the performance of the brand and geographies across product segments.
Sunil Mittal’s diversification plan
Mint In March 2025, it was the first to report that TPG had tied up with the Burman family, while GIC had teamed up with Welsup Group’s Goenka family for a 49% stake in Haier; Meanwhile, Warburg-Mittal and Bain-Dalmia were surrounding the Chinese durable goods maker’s India operations.
“Sunil Mittal has sold around $4 billion worth of shares in Bharti Airtel in the last 12 months and is using the proceeds from the share sale to diversify his holdings,” an industry insider said on condition of anonymity.
However, the biggest gain from the stake sale in the Indian telecom company was transferred to the purchase of part of the 24.5% stake in telecom services player BT Group Plc, the person said, adding that some of the funds will now be used to finance the Haier deal.
“This signals that Mittal is ready to enter a new space in consumer durables and time will tell whether this will yield a higher return on investment for it than Bharti Airtel,” they said.
As of now, Bharti Enterprises holds stake in its eponymous Bharti Airtel Ltd and Indus Towers Ltd in the telecom space. Beyond this, Bharti also holds stakes in AXA Life Insurance Co, Bharti Real Estate and PizzaExpress operator Gourmet Investments Pvt.
