Zetwerk is rapidly positioning itself as a global manufacturing powerhouse, leveraging its expertise in contract manufacturing to support India’s goal of becoming a $5 trillion economy. Co-founders Amrit Acharya and Srinath Ramakkrushnan highlighted how the company has grown significantly, particularly in the renewables sector, which now accounts for 40% of their revenue. Zetwerk has also expanded its international presence, with a third of its revenue coming from the US, driven by the “China Plus One” strategy. The company is focused on building a robust manufacturing ecosystem in India while capitalizing on global opportunities
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Indo-US Partnership in Electronics System Design and Manufacturing
India and the US stand to benefit greatly from a formalized partnership in electronics system design and manufacturing (ESDM), which could boost trade, create jobs, and diversify global supply chains. India’s ESDM market is expected to grow from $155 billion today to $350 billion by 2027, while the US remains a leader in global value chains for electronics. A bilateral pact could leverage the strengths of both nations, foster innovation, and reduce reliance on single-geography supply chains. Key areas of collaboration would include trade facilitation, R&D investment, and aligning regulatory frameworks to enhance competitiveness and resilience in the global electronics industry.
Zetwerk Welcomes Former Royal Enfield CEO Vinod Kumar Dasari to Board
Zetwerk has welcomed Vinod Kumar Dasari, former CEO of Royal Enfield, to its board of directors. With a wealth of experience in the manufacturing industry, Dasari will provide strategic guidance as the company ventures into new markets. His addition to the board, effective from July 1, is expected to accelerate Zetwerk’s growth trajectory and enhance its innovation within the contract manufacturing sector.
Zetwerk and SMILE Electronics Unite to Boost IT Hardware Manufacturing in India
Zetwerk Manufacturing and SMILE Electronics have partnered to establish three advanced IT hardware factories in India. The first facility, located in Devanahalli near Bengaluru, will feature fully automated production lines for assembling, testing, and packing IT hardware like desktops, laptops, and energy meters. Two additional factories are planned for Tamil Nadu and Andhra Pradesh. This collaboration aims to boost India’s electronics manufacturing capabilities, supporting the country’s “Make in India” initiative and contributing to job creation and technological advancement
Closing the Skills Gap in India’s Growing Semiconductor and Electronics Sectors
India’s semiconductor and electronics manufacturing sectors are rapidly growing but face a critical shortage of skilled workers, particularly in engineering, shop-floor management, and purchasing. While the demand for skilled labor is increasing, the industry only fills about 60% of its needs. This shortage is particularly acute among fresh graduates, prompting calls for greater collaboration between industry and educational institutions. Initiatives such as campus research centers, curriculum redesign, and flexible work options are suggested to help bridge the gap. The electronics manufacturing sector, although facing similar challenges, has shown better momentum and growth.
Zetwerk ranked among top 100 most valuable brands in India by brand finance
Zetwerk has been ranked among the top 100 most valuable brands in India for 2024 by Brand Finance, securing the 64th position overall and 2nd within the engineering category. This recognition highlights the company’s commitment to excellence in cost, time, and quality, as well as its strategic investments in brand building. Amrit Acharya, co-founder, and CEO of Zetwerk, attributed this achievement to their focus on innovation, customer service, and a talented workforce. David Haigh, founder and CEO of Brand Finance, emphasized Zetwerk’s strong brand positioning and resilience amidst global economic challenges, noting the significant financial benefits of effective marketing and customer trust.
Radhika P: Steering Pinaka Aerospace to greater heights in the defense sector
After 17 successful years as a scientist with DRDO, Radhika P founded Pinaka Aerospace in 2007 to bridge the gap between cutting-edge technology and practical solutions in India’s defense and aerospace sectors. Radhika’s journey began with a BSc in Hyderabad and an MSc in Computer Science in Mysuru, leading to her role in DRDO where she worked on electronic warfare and communication intelligence systems. Her entrepreneurial venture, Despite challenges such as high entry barriers and funding difficulties, Pinaka Aerospace has thrived, providing vital solutions for national defense.
Zetwerk prioritizes comprehensive worker training to enhance skills and foster continuous improvement
Zetwerk emphasizes the continuous training of shop-floor workers in areas such as manpower management, conflict resolution, mass communication, and basic computer skills, according to co-founder Rahul Sharma. The company promotes cross-training and offers well-structured, ongoing training to support skill development and continuous improvement within its workforce.
Zetwerk’s Josh Foulger urges government to open up mobile phone PLI scheme
Josh Foulger, president of Zetwerk Electronics, has called on the Indian government to eliminate restrictions on the production-linked incentive (PLI) scheme for mobile phones to attract more companies in the Android smartphone sector. He noted that the current PLI scheme has limited growth opportunities, particularly for Android phone manufacturers, and advocated for a more open approach similar to the revamped PLI plan for IT hardware. Foulger emphasized the need for backward and forward integration in the PLI scheme to foster greater participation and growth in the industry.
IndiGo promoter Rakesh Gangwal invests $20 million capital in Zetwerk
Unicorn startup Zetwerk on Thursday said it has received $20 million (about Rs 165 crore) investment from IndiGo Airline promoter Rakesh Gangwal.
Gangwal is the last investor in the ongoing funding round of Zetwerk at $2.8 billion enterprise value.
“We are delighted to share that Rakesh Gangwal has invested $20 million in Zetwerk through Wheelhouse Venture Capital. Gangwal, with his extensive experience spanning several decades, brings invaluable insights into building businesses and iconic brands. His strategic guidance will be crucial in building Zetwerk into a generational company,” Zetwerk said in a statement.
The company has raised $650 million to date, including the recent investment from Gangwal.