Global Private Equity Firm Acquires Significant Stake in Leading Indian Furniture Fittings Company
According to a news article in Sourcing Hardware, Ebco, a prominent name in furniture fittings and architectural hardware, has sold a majority equity stake to global private equity investor Warburg Pincus. The Nagpal family, founders and promoters of Ebco, will retain a significant minority stake and continue to play an active role in the company’s growth.
Warburg Pincus, managing over $83 billion in assets and with a diversified portfolio of more than 225 companies, has reportedly acquired at least a 75% stake in Ebco, valuing the company at approximately Rs 3,000 crore. Other private equity players, including TPG, KKR, and Kedara, had also shown interest in the deal.
Ebco Pvt Ltd ranks among the largest companies in India’s furniture fittings sector. The company reported revenues of around Rs 791 crore for the financial year 2022-23, with projections to reach Rs 850 crore in the upcoming year.
Founded in 1963 as a tool room and defence supplier, Ebco diversified in the 1980s into manufacturing furniture fittings and architectural hardware, becoming a pioneer with products like spring cabinet hinges, friction stays, and angular door stoppers.
Today, Ebco offers a vast product range with over 4,500 SKUs, including bed and wardrobe fittings, kitchen systems, office furniture hardware, window and door solutions, and furniture lighting. The company’s distribution network spans 5,500+ retail touchpoints across India, supported by three advanced manufacturing plants in Maharashtra, emphasising strong R&D and design capabilities.
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