TPG capital picks 40% in RR Kabel for Rs 650 crore

TPG Capital has acquired a significant minority stake in RR Kabel, one of the leading building wires and low voltage cables manufacturers in India, the Texas-headquartered firm said in a statement.

Though the terms of the transaction were not announced, sources have told ET that the US private equity giant has invested about Rs 650 crore, to pick up close to 40% stake valuing the firm at around Rs 1,650 crore. The transaction will help the Mumbai-headquartered group to expand its businesses, sources said.

RR Kabel reported a revenue of Rs 1,615 crore for the fiscal ended March 31, 2017 with a net profit of Rs 86 crore.


Leveraging its distribution network, the company recently launched consumer appliances portfolio including fans, lighting equipment, switches, water heaters, and air coolers.

“In TPG, we have found the right partner to help RR Kabel reach the next level, as we look to strengthen our brand, expand our product offering, and develop our presence in more markets across India,” said Shreegopal Kabra, Managing Director of RR Kabel.

TPG has been one of the most active private equity investors in India for the past 15 years.