Warburg Pincus buys out Imperial Auto

Warburg Pincus, via Stone Plant Investments B.V., has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. The Imperial Group will continue to be led by the current CEO and promoter, Tarun Lamba. Imperial, founded in 1969, is India's largest manufacturer of fluid transmission products (FTP) for automobile and off-highway sectors. The Group, which generates revenue of approximately INR 2,200 crore, offers a diversified product portfolio that includes rubber hoses, metal/nylon tubes and hose assemblies, as well as a rapidly growing portfolio of battery cooling products used in electric vehicles.