Private equity firm Warburg Pincus has secured a majority stake in Ebco Private Limited, a major player in the Indian furniture fittings and architectural hardware market. The acquisition, valued between ₹3,000 crore and ₹3,200 crore, was confirmed on Friday. Despite the buyout, Ebco’s original promoters will maintain a significant minority share and will remain actively involved in guiding the company’s future growth.
Founded in 1963 and headquartered in Mumbai, Ebco is one of the most established brands in India’s furniture fittings and architectural hardware industry. The company provides a diverse range of products including fittings for beds and wardrobes, kitchen systems, office furniture accessories, window and door hardware, and furniture lighting.
Geoffrey Nagpal, Managing Director of Ebco, expressed enthusiasm about the new partnership, stating, “The Company is at a pivotal stage of growth, and partnering with Warburg Pincus at this time will help us leverage industry trends and expand our reach across India.”
Anish Saraf, Managing Director of Warburg Pincus India, highlighted the promising outlook for the sector: “We see substantial growth potential in the Indian furniture fittings and architectural hardware industry. Factors such as favorable demographic trends, rising real estate demand, increased modularization of furniture, and a surge in home renovations are driving this growth.”
Warburg Pincus is a global private equity firm with a long-standing reputation for investing in growth-oriented companies across various sectors. Founded in 1966, the firm operates with a focus on partnering with businesses to drive expansion and enhance operational capabilities. With a diversified portfolio, Warburg Pincus is known for its strategic investments in technology, healthcare, financial services, and other key industries. The firm leverages its extensive industry knowledge and global network to support its portfolio companies, aiming to generate long-term value and foster innovation.
