Warburg Pincus acquires majority stake in Imperial Auto

Stone Plant Investments, an affiliate of Warburg Pincus, a leading global private equity firm has acquired majority stake in Haryana-based Imperial Auto Industries and its affiliated companies.

Haryana-based Imperial Auto was founded in 1969 and is one of the largest manufacturer of fluid transmission products for automobile and off-highway sectors. The Group is said to have a revenue of around Rs 2,200 crore has a diversified product portfolio that includes rubber hoses, metal/nylon tubes and hose assemblies, as well as a growing portfolio of battery cooling products used in electric vehicles. The Group has over 20 manufacturing facilities across India, Germany, and the US through which it serves industry leading OEMs in both domestic and overseas markets. It has a product library of over 25,000 SKUs used across a wide range of FTP applications and seeks to be a one stop provider for all its customers.

The Group says it is well positioned to capitalise on domestic demand revival and  is also playing to the EV trend by developing battery cooling products and leveraging its core capabilities in fluid transmission. The Group will continue to be led by the current CEO and promoter, Tarun Lamba, who will drive the business going forward in partnership with Warburg Pincus.

Tarun Lamba, MD and CEO, Imperial said “This investment will help us fund our future growth plans which include capacity expansion, creation of best-in-class facilities for domestic and export clients and acceleration of EV related product development. Our association with Warburg Pincus should enable us to further attract high quality talent to Imperial and bring new capabilities to the market.”   

Viraj Sawhney, MD, Warburg Pincus India said “Imperial has a highly customer centric approach which has helped it become the undisputed market leader in the FTP segment in India. We are impressed by the Group’s long track record of growth, a very diversified and high-quality global customer base and industry leading return metrics. We look forward to supporting Tarun and the team and leveraging the Imperial platform to build a leading diversified Indian auto components player serving both automotive and off-highway markets including electric vehicles.”