Archive · 6 Jun 2025
Sunil Mittal and Warburg Pincus in Talks for Haier India Stake
Imagine a big company that makes appliances like refrigerators and washing machines.
Two big investors, one led by a businessman named Sunil Mittal and another called Warburg Pincus, are talking about buying part of this company in India.
They want to own almost half of it.
The original Chinese company will still own a big part, and some employees will also get a small share.
This deal is expected to be announced soon.
The Indian appliance company is also growing fast and might become a public company in a couple of years.
They hope to make even more money in the future.
Sunil Mittal and Warburg Pincus are in exclusive talks to buy a significant stake in Haier India.
The Mittal-Warburg Pincus combine is expected to acquire a 49% stake, with the Chinese parent also holding 49%.
The remaining 2% stake will be held by employees, and both parties will have joint control.
Haier India is an IPO candidate in the next two years after the new investors come in.
Haier India reported 36% revenue growth in 2024, reaching approximately Rs 8,900 crore.
- Who
- A consortium led by Sunil Mittal and Warburg Pincus
- What
- Exclusive negotiations for a stake purchase in Haier India
- When
- An official announcement is expected this month.
- Where
- Haier Appliances India
- Why
- To acquire a substantial stake in Haier India.
- Proposed Stake
- 49%
- Seller
- Haier Smart Home Co (China)
- Potential Buyers
- Sunil Mittal, Warburg Pincus
- Other Stakeholders
- 2% for employees
- Sell-side Advisor
- Citi
- Valuation (approx.)
- Around $2 billion
- Haier India Commercial Operations Started
- 2004