In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
The size of the deal has not been disclosed. The partners have also not disclosed their respective investment and stake in Haier India.
After the completion of the transaction the Haier Group will have a 49% stake in Haier India, with the balance 2% stake will be held by Haier India’s management team.
In March 2024, the JSW Group along with Indian financial institutions and others announced to pick up 51% stake in MG Motor India which was a 100% subsidiary of Chinese auto major SAIC Motor.
Today, SAIC’s holding in JSW MG Motor India stands reduced at 49% while JSW Group and Indian financial institutions have 35% and 8% respectively. The company’s employees hold 5% while the balance 3% is with the company’s dealers.
Also of late several Indian units of Korean multinationals like LG Electronics and Hyundai Motor were seen listing shares on the Indian stock market thus reducing the parents’ holding.s
In this case, Haier Group of China will now scale down it’s holding to below 50%.
“This strategic collaboration will accelerate Haier’s growth and expansion in India by bringing together and leveraging the company’s global excellence in innovation, Bharti’s esteemed standing and resultant networks, and Warburg Pincus’ strong track record of scaling brands into industry leaders,” both the companies said in a joint statement.
“The partnership will bolster Haier India’s ‘Made in India, Made for India’ vision by deepening local sourcing, expanding manufacturing capacity, driving product innovation, and accelerating market penetration. The new capital infusion will also enhance Haier India’s competitiveness across the entire value chain,” the statement added.
Haier India is currently among the top three consumer durables companies in India with a product portfolio spanning categories such as air conditioners, refrigerators, televisions, washing machines, and kitchen appliances.
Over the past seven years, the company has achieved a CAGR of approximately 25% in India, one of the highest in the industry.
“By combining global innovation with local insights and execution, the partnership will strengthen Haier India’s leadership position in the rapidly growing Indian consumer durables segment,” Bharti and Warburg said in the statement.
Bharti said it would support the next chapter of Haier India’s growth journey and would play a significant role in the evolving consumer durables industry and meet the needs of Indian consumers.
“Bharti is confident that Haier India will further consolidate its standing as a leading brand in India, powered by global innovations, enhanced customer services, and best in-class experience,” it said.
Warburg Pincus said this investment reflected its ability to leverage its pan-Asia franchise, deep local insights, global expertise, and its expansive network to support and accelerate growth for leading companies across the region.
“The collaboration with Bharti Enterprises and Warburg Pincus marks an important milestone in Haier India’s development journey,” Haier said in a statement.
“The strategic partnership fully embodies Haier’s approach of “serving globalization with global capabilities and advancing globalization through localization.” It brings together the complementary strengths of Bharti, a trusted name and leading business conglomerate in India, and Warburg Pincus, whose strong franchises across China and India have helped scale many leading consumer and technology companies,” it added.
“Their combined experience, deep local insights, and global reach will significantly accelerate Haier India’s localized innovation and development,” it further said.
Published – December 24, 2025 07:57 pm IST
