Warburg Pincus is one of the earliest global private equity firms in India, with early bets on Bharti Airtel, Kotak Mahindra Bank and HDFC. It runs its India business from Mumbai and has invested more than $10 billion across about 80 Indian investments.
Ownership and structure
Warburg Pincus invests in Indian companies through its global private equity funds, holding minority and significant stakes, with an India team based in Mumbai.
What India does for Warburg Pincus
India is Warburg Pincus's second largest market after the United States, with financial services its largest sector there.
Investment and deals
Warburg Pincus has deployed more than US$10 billion across about 80 investments in India.
Warburg Pincus's India business
Warburg Pincus began investing in India in the mid 1990s. It has deployed more than $10 billion across about 80 investments in India.
It invested $292 million in Bharti Airtel between 1999 and 2001 and realised $1.83 billion on exit in 2004 and 2005. Other notable India holdings have included Kotak Mahindra Bank, AU Small Finance Bank and Lemon Tree Hotels.
Key moves in India
- 1995: Began investing in India.
- 1999: Began investing in Bharti Airtel, putting in US$292 million through 2001.
- 2005: Completed its exit from Bharti Airtel, realising US$1.83 billion over 2004 and 2005.
- 2011: Began exiting Kotak Mahindra Bank.
- 2014: Invested in AU Financiers, later AU Small Finance Bank.
- 2017: Bought a 20 percent stake in the Airtel DTH business.
- 2018: Sold a 12 percent stake in Lemon Tree Hotels in its initial public offering.
Where it operates
Warburg Pincus runs its India business from Mumbai.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Private Equity & Investments
- Business: Private equity
- Role of India: Investment portfolio
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
- In India since: 1995
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