Zetwerk Manufacturing revenue jumps 6-fold in FY22

Source: devdiscourse.com devdiscourse.com

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Manufacturing unicorn Zetwerk's revenue soared nearly sixfold to Rs 4,961 crore during 2021-22 mainly on account of companies looking for an alternate destination to China to make their products, the company said on Thursday. Zetwerk had posted operating revenue of Rs 835 crore in the previous fiscal. The gross merchandise value of the company grew six-fold to Rs 5,718 crore from Rs 951 crore in the year ago period. The company has an order book of Rs 9,750 crore. Talking about growth, Zetwerk Co-founder and CEO Amrit Acharya said that the company has already crossed the business that it did...