Zetwerk, a leading B2B contract manufacturing startup, has officially inaugurated a 15-acre electronics manufacturing facility in Chennai. This move marks a significant expansion in India's manufacturing landscape, particularly in high-value electronics and industrial components.
The plant, which will employ 1,200 skilled professionals, is designed to manufacture control boards for household appliances such as washing machines, refrigerators, and air conditioners, as well as IT hardware components.
Government Endorsement and Industry Push
The facility was inaugurated by Union Electronics and IT Minister Ashwini Vaishnaw, who praised Zetwerk's contribution to India's growing electronics ecosystem. During the event, Vaishnaw also announced plans for two major electronics manufacturing clusters in Tamil Nadu, further boosting the state's industrial infrastructure.
"This facility strengthens India’s position in global electronics manufacturing. We are committed to making Tamil Nadu a key hub for production and exports," Vaishnaw said.
Zetwerk’s Strategic Growth Plans
Founded in 2018, Zetwerk has grown rapidly by connecting manufacturers with global enterprises. The company in 2024, raised $90 million elevating valution to $3.1 billion has expanded across industries such as aerospace, defense, oil & gas, and consumer electronics.
- Technology Investments – The Chennai plant features advanced production technologies, including:
- Five Surface-Mount Technology (SMT) lines
- Manual Insertion (MI) lines
- Potting and conformal coating
- Rigorous quality testing to meet global standards
- IPO Aspirations – Zetwerk is preparing for a $500 million IPO within the next 15–24 months.
- The company is targeting ₹15,000 crore ($1.8 billion) in revenue for FY24.
- Investors include Sequoia Capital, Greenoaks Capital, and Lightspeed Venture Partners.
Our Opinion on the News
Zetwerk’s expansion reflects India’s growing strength in electronics manufacturing. The 1,200 new jobs will significantly boost local employment, while the government’s support highlights a strong push towards self-reliant industrial growth. With its upcoming IPO and aggressive scaling strategy, Zetwerk is positioned as a major player in India’s Make in India initiative and global supply chains.