Bharti Airtel is reportedly in advanced talks to acquire a 49% stake worth $2 billion in Haier Smart Home India. The acquisition bid is in partnership with private equity giant Warburg Pincus, and the deal could be signed within weeks. However, there are speculations that Haier may still back out or consider other buyers. Mukesh Ambani’s Reliance Industries, TPG Capital (with the Burman family of Dabur), and GIC (teamed with the Goenka family) are also reportedly interested in acquiring the stake.
Haier manufactures home appliances such as refrigerators, washing machines, TVs, air conditioners, and other household electronics.
In October, as reported by The Economic Times, Haier was considering selling a 25 percent to 49 percent stake in its unit. Sources said that by November, potential investors like Temasek Holdings Pte, GIC Pte, and Abu Dhabi’s sovereign wealth fund Mubadala Investment Company had shown interest.
Haier’s growth in India
The same report stated that Haier reported a 36 per cent growth in revenue at around Rs 8,900 crore in 2024. It ranks third in India after LG and Samsung in the household appliance market. Moreover, the company expects revenue to cross Rs 11,500 crore in 2025, NS Satish, president of Haier Appliances India, told PTI. Haier sells refrigerators, air-conditioners, washing machines and televisions in India.
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