Warburg Pincus was one of the first private equity firms to invest in India, making a landmark $1 billion investment in Bharti TeleVentures in 2000. This deal represented one third of total private equity investments in India at the time. Warburg Pincus saw potential in India's growing middle class, young population, and economic growth despite regulatory ambiguity in the telecom sector. Their contrarian view was that Bharti could leverage India's demographic trends and pursue an aggressive expansion strategy through acquisitions to become a pan-India leader in mobile telephony. The deal aimed to accelerate Bharti's growth and enhance shareholder value through operational efficiencies and strategic partnerships.

1. Warburg Pincus & Bharti TeleVentures The Dawn of PE In India

2. The Deal……………………

14. Exit………………………..

15. The Road ahead……………..