Archive · 15 Sep 2026
Zetwerk Expands Manufacturing Capacity as Order Book Doubles
Zetwerk is a company that helps make industrial products in factories.
It is building and buying more factories instead of relying mainly on outside manufacturers.
By March 2026, it had 26 factories in several countries.
Two new facilities started working in July 2026.
Another facility for making solar modules was being built in Telangana.
The company’s manufacturing orders grew to ₹12,370 crore in FY26.
Its total revenue and profitability also improved.
About 30% of its manufacturing revenue came from international markets.
Zetwerk’s manufacturing order book doubled to ₹12,370 crore in FY26 from FY24.
The company operated 26 owned facilities across India, the US, Spain and Germany as of March 31, 2026.
Zetwerk acquired 15 facilities from third parties and built 11 organically.
A transformer plant in Gujarat and a CRGO laminations and cores facility in Dadra & Nagar Haveli became operational in July 2026.
Overall revenue rose 40.4% to ₹15,913 crore in FY26, while adjusted EBITDA increased to ₹421 crore.
- Who
- Zetwerk, an IPO-bound manufacturing platform.
- What
- Zetwerk expanded its owned manufacturing network as its manufacturing order book reached ₹12,370 crore in FY26.
- When
- The facility count was reported as of March 31, 2026; two facilities became operational in July 2026; the report was published September 15, 2026.
- Where
- Facilities were located across India, the United States, Spain and Germany, with specific expansion in Gujarat, Dadra & Nagar Haveli and Telangana.
- Why
- The company is scaling manufacturing capacity in response to increased demand across power, renewable energy, electronics and other industrial segments.
- Manufacturing order book
- ₹12,370 crore in FY26, double the FY24 level
- Owned facilities
- 26 as of March 31, 2026
- Acquired facilities
- 15 facilities acquired from third parties
- Organically built facilities
- 11 facilities
- FY26 revenue
- ₹15,913 crore, up 40.4%
- Adjusted EBITDA
- ₹421 crore, up 4.3 times
- International revenue share
- Nearly 30% of manufacturing business revenue