Mumbai, August 14, 2025 — Industry sources indicate that Warburg Pincus, the global private equity firm, and Wipro Technologies are engaged in advanced negotiations to purchase Harman’s Digital Transformation Solutions (DTS)business in India.
The deal, which could value Harman’s Indian DTS unit at approximately $500 million (around ₹4,375 crore), signifies a strategic pivot for all involved parties.
About Harman’s DTS Unit
Harman DTS, a division of Harman International (a subsidiary of Samsung Electronics), specializes in delivering digital transformation services across industries such as healthcare, communications, and industrial automation. This India-based arm plays a critical role in developing solutions that help healthcare companies accelerate clinical trials, modernize digital platforms, and support enterprise digital infrastructure with real-time insights and connected ecosystems.
Deal Facilitators and Strategic Context
Deutsche Bank is advising Harman on the transaction, overseeing the sale process.
- Wipro Technologies has a long-standing relationship with Harman, having collaborated for years in engineering and digital services—from establishing development centers to joint innovation efforts in Bengaluru and Chennai.
- The acquisition of the DTS arm would strengthen Wipro’s capabilities in regulated digital transformation sectors, complementing its aggressive M&A strategy, which includes recent deals such as Capco and Rizing.
- For Warburg Pincus, this move represents a re-entry into India’s digital engineering and outsourcing services—an area where it previously held significant stakes.
On Harman’s side, the divestiture aligns with Samsung’s efforts to shed non-core operations and sharpen its focus on areas such as automotive and connected experiences.
Competitive Landscape
Other major private equity players—including Apax Partners, Bain Capital, Carlyle Group, and General Atlantic—have also been reported as interested buyers for Harman’s Indian DTS business, with valuations ranging between $400 million and $500 million. The bidding process appears to be in its advanced due diligence stage, with subsequent rounds of bids expected in the near future.
Harman has not officially commented on the potential transaction, maintaining its general stance of not acknowledging market rumors.
What This Could Mean
| Stakeholder | Strategic Implications |
|---|---|
| Wipro Technologies | Gains a proven digital solutions unit, reinforcing technical and sector leadership. |
| Warburg Pincus | Re-enters the digital engineering space with a scalable, India-centric platform. |
| Harman/Samsung | Streamlines focus toward core competencies—especially automotive tech. |
| Competition | Other PE firms like Apax, Bain, Carlyle, and General Atlantic remain potential contenders. |
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