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Indian contract manufacturer Zetwerk plans to go public within the next 15 to 24 months, as announced by CEO Amrit Acharya. The company, which recently opened its seventh facility in India to enhance its electronics manufacturing capacity, reported a 26% sales growth to 144.36 billion rupees for the fiscal year ending March 2024, despite a significant increase in net losses to 9.19 billion rupees. With a recent funding round raising US$90 million at a valuation of US$3.1 billion, Zetwerk aims to strengthen its electronics division amid shifting global supply chains.
Zetwerk is planning to pursue an initial public offering (IPO) within the next 24 months, as stated by CEO Amrit Acharya. The company is gearing up for this significant financial milestone, aiming to enhance its market presence and growth potential.
Amrit Acharya
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