US-based private equity firm Warburg Pincus and Bharti Enterprises have partnered to acquire a 49% stake in the Indian arm of Chinese appliances maker Haier. Under the deal, Haier Group will retain a 49% ownership, while Haier India’s management team will hold the remaining 2%. Financial details of the transaction were not disclosed.
The investment is expected to help Haier India strengthen local sourcing, expand manufacturing capacity, accelerate product innovation, and deepen market penetration. The fresh capital infusion will also enhance the company’s competitiveness across the value chain, the partners said in a joint statement.
Haier had been exploring a stake sale in its India unit for over a year and had attracted interest from multiple domestic and global investors. The transaction comes amid heightened scrutiny of Chinese investments in India following the 2020 border clash, prompting several Chinese companies to bring in Indian partners to align with local manufacturing and regulatory priorities.
The partnership also builds on the long-standing relationship between Warburg Pincus and the Bharti Group. Warburg first invested in Bharti Airtel in 1999 and later backed Bharti’s DTH and Africa businesses.
Haier India has reported annualised growth of around 25% over the past seven years and is targeting 35–38% revenue growth in FY26 to ₹14,500 crore. The company is also planning an investment of ₹3,500 crore to set up its third manufacturing facility in India.
Founded in India in 2003, Haier operates plants in Pune and Greater Noida and competes with brands such as LG, Samsung, Voltas, Godrej, Panasonic, Daikin, and Whirlpool.
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