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Why Warburg Pincus lost its midas touch

From its legendary Bharti deal that put India on the private equity map to making dud investments that eroded 90% in value, Warburg Pincus has seen it all. Now, can it regain its mojo?

 The pride in Akhil Gupta’s voice is palpable when he speaks about how much Bharti Airtel has achieved. And that is not without reason. From being an absolute novice in the telecom sector when it was opened up in the mid-1990s, the company today is India’s largest cellular operator with a subscriber base in excess of 188 million and revenues of Rs.71,500 crore.