“The world of consumer electronics and overall ESDM (Electronics Systems Design and Manufacturing) is undergoing a paradigm shift, and India is already playing a pivotal role. The country is building new supply chains in every electronics category to integrate with domestic and Global Value Chains, and Zetwerk is aiming to be among the top 3 manufacturers in India,” Mr Foulger said.
NEW DELHI: Contract manufacturing firm Zetwerk has appointed Josh Foulger, the former Country Head of India and Managing Director of Bharat FIH, as the President of its Electronics business.
Archives: Press & Media
Zetwerk to supply solar modules to NTPC-REL
Zetwerk Manufacturing on Thursday said it has entered into an agreement with NTPC Renewable Energy Ltd (REL) for supply of solar photovoltaic modules of 375 MW capacity for Bhuj solar project.
“Zetwerk’s global supply chain enables leaner, cleaner, greener manufacturing. We look forward to supporting this important project with fast and reliable execution,” said Abhay Adya, business head, Zetwerk.
According to the official press release, NTPC has awarded contracts to Zetwerk which would involve manufacturing and delivery of modules in addition to mandatory spares. The release added that its vertically integrated solar manufacturing services reduce risk and increase cost-effectiveness for leading turnkey developers and manufacturers.
Zetwerk Raises INR 100 Cr In Debt Funding
B2B contract manufacturing marketplace Zetwerk reportedly raised INR 100 Cr in debt funding from the likes of Edelweiss Group, along with one more fund and multiple high net-worth individuals (HNIs).
A Mint report citing sources noted that the debt was raised by issuing non-convertible debentures (NCDs) with around INR 83 Cr coming from Edelweiss Credit Plus Fund.
The report further added that the funding round was part of a syndicated round, with one more fund and several HNIs participating. However, while these participants chipped in the rest of the INR 17 Cr in the funding round, these were not named.
Zetwerk secures order from Indian Oil for 1,400+ EV chargers
Zetwerk on Thursday said it secured an order with Indian Oil Corporation (IOCL) to set up more
than 1,400 EV fast chargers across India through competitive bidding.
With this association, Zetwerk is supporting IOCL’s aspiration to become a 360-degree energy
solutions provider company, actively investing in emerging mobility trends such as EVs.
Fuelling IOCL’s ambitious green agenda, Zetwerk will set up 1,400-plus EV chargers with a capacity of
50-60 kilowatt (kW) and 100-120kW. These will be the DC Dual gun CCS2 DC Charger, which can
charge two vehicles simultaneously with a dynamic load-sharing mode, the managed
workplace for contract manufacturing added.
Manufacturing unicorn Zetwerk aims to build global manufacturing supply chain
In a bid to build a global supply chain, contract manufacturer Zetwerk has been focussing on multiple categories such as oil and gas, defence, renewable energy, etc., said Srinath Ramakkrushnan, Co-Founder of Zetwerk.
Zetwerk is a manufacturing network that partners with enterprises across sectors and gets the products manufactured majorly through a network of small and medium manufacturers. The company claims that it works with 10,000 MSMEs, 95 per cent of whom are in India.
In an interaction with businessline, Ramakkrushnan said: “As we operate in traditional sector which is cyclical and seasonal, it is important for us to be diversified. We are looking at opportunities that can come out for multiple decades and we are excited about newer spaces like renewable energy, and technologies like green hydrogen.” Zetwerk is looking at creating a supply chain that is not just making in India for India, but in India for the world, he added.
Anirudh Reddy of Zetwerk Manufacturing On How To Use Digital Transformation To Take Your Company To The Next Level
Aspart of our series about “How To Use Digital Transformation To Take Your Company To The Next Level”, I had the pleasure of interviewing Anirudh Reddy.
Anirudh Reddy is the Director of Strategic Initiatives and North American business for Zetwerk, the leading global source for contract manufacturing. Before joining Zetwerk, he worked at Ather Energy as a Senior Manager and at Eaton as an Engineer. He graduated from the Indian Institute of Technology in Madras with a dual degree in Mechanical Engineering and Energy Technology.
Thank you so much for joining us in this interview series. Before we dive in, our readers would love to “get to know you” a bit better. Can you tell us a bit about your ‘backstory’ and how you got started?
I’m an engineer at heart and have always loved building things. I was part of the early team at Ather Energy, where we built an electric two-wheeler, taking the product from concept to market in a few years. At Zetwerk, I had the unique opportunity to be part of the team creating a platform that helps others build by making manufacturing seamless, thus helping bring thousands of products to market.
Zetwerk Recognised As India’s Best Workplaces For Manufacturing
Bangalore: Zetwerk Manufacturing, a global source of manufacturing across industrial and consumer products, announced that it has been recognised as one of India’s Best Workplaces for Manufacturing 2023, by the Great Place To Work (GPTW) Institute. The recognition is based on an assessment of employee ratings of their workplace culture, including the level of fairness at workplace and camaraderie between employees. Zetwerk has been featured in the list of top 25 workplaces in manufacturing.
Zetwerk, a five-year-old manufacturing company, has been a people-first brand with employee wellbeing at the forefront of its priorities, which also resonates with the core concept of the brand identity. Being an innovator and category creator, Zetwerk is known for its employee-friendly work culture and significantly higher retention rate.
The manufacturing unicorn has constantly been focusing on diverse expertise in learning that supports its employees’ growth and career development. The various initiatives – diversity centric programs, holistic wellness focussing both inclusive of mental, physical and safety of employees, Women’s Care Leave (Menstrual Leave Policy), Hobby Clubs, offbeat employee centric experiences, women wellness initiatives, taken by the company are focused towards building strong corporate culture, and a range of effective policies ensuring that Zetwerk continues being an inspiring workplace. These policies have helped in increasing the women employment in the organization by 30% in 2022.
Germ of an idea: How Zetwerk pivoted to write its Make in India story
Note to Readers: Germ of an Idea is a series about the entrepreneurial idea — how it was conceived, shaped and launched, detailing the early days filled with uncertainty and apprehension, the bold steps taken and the eventual success. The series hopes to inspire thousands of potential Indian entrepreneurs who are on the cusp of starting up or have ventured recently or are in schools and colleges dreaming of turning founders
There is something about pivoting and Acharyas. In his early 40s, Arabinda Acharya left his insurance job in Bhubaneswar to chase his dream to get a doctorate. The mid-career shift to academics proved to be hugely beneficial. At 58, Dharitri Dwivedy started her non-profit which is thriving.
Years later, when their son, Amrit Acharya, had to design a business pivot, it was a case of history repeating itself, and also the beginning of a billion-dollar journey.
Zetwerk, originally thought of as a software as a service (SaaS) business, needed a pivot to succeed. Amrit and his co-founders decided to turn into a B2B manufacturing marketplace. Today, the company is at $2.7 billion
Rahul Sharma: The Ideator
From working as an engineer in oil fields to co-founding Zetwerk, a digital manufacturing company, the journey of Rahul Sharma has been astounding. Hailing from a humble background, son of a middle-class government officer in Bhopal, he studied engineering at IIT Roorkee. He began his career as an engineer but was soon enticed by the startup ecosystem.
Bitten by the entrepreneurial bug, he decided to leave his high paying job and jumped into the startup world. After donning senior managerial roles at Schlumberger and setting up logistics startup Blackbuck, he finally took a leap of faith and started his new venture: Zetwerk Manufacturing in May 2018.
Rahul founded Zetwerk as a software company and helped it pivot three times from a SaaS company to a marketplace and then to managed marketplace. “These pivots proved to be crucial points for the business. Making those bold moves and learning to adapt early on solidified Zetwerk’s position,” said Rahul Sharma, co-founder, Zetwerk.
Zetwerk partners with the world’s leading industrial and consumer enterprises to get products manufactured via a global network of small manufacturers; it helps with supplier selection, pricing and fulfillment of orders. “I believe in figuring out the right problems in big markets and creating great teams to solve them,” quipped Sharma.
For Rahul, books are the biggest mentor. “Reading about Amazon, Google, Microsoft, Reliance is the best way to learn and grow oneself.
PLI not a permanent policy feature: Rajeev Chandrasekhar
NEW DELHI : The production linked incentive (PLI) scheme should not be thought of as a permanent solution but as a transition period for India as the country moves towards becoming a globally competitive economy achieving $300 billion in electronics manufacturing, said Rajeev Chandrasekhar, minister of state for IT and electronics at the Mint-Zetwerk Smart Manufacturing Summit 2023.
“PLI, I don’t think should be thought of as a permanent let us say part of the equation of being a manufacturing economy. It is a way to bootstrap the economy or bootstrap the players. But it will more than be compensated by all of the other efficiencies that these volumes and these gains will create over time,” he said.