Unicorn startup Zetwerk to invest Rs 1,000 crore to expand electronics manufacturing capacity

Zetwerk, a manufacturing unicorn valued at $2.8 billion, will invest Rs 1,000 crore to expand its electronics manufacturing capabilities.

The startup said the investment will bolster its production across several key segments, including IT hardware, television, mobile phones, and hearable and wearable devices. The investment aligns with its goal to become the leading original design manufacturer (ODM) and electronics manufacturing services (EMS) provider in these areas.

Scaling up production capabilities

Currently producing one device per second, Zetwerk has outlined plans to dramatically increase its manufacturing footprint. From operating 16 assembly lines in a single Noida-based factory, the company intends to expand to 60 assembly lines.

These will include current technologies, surface-mount technology lines, and PCB assembly across six manufacturing facilities. 

Focusing on high-capacity and diverse electronics manufacturing

In Bengaluru, Zetwerk is constructing a high-capacity facility focused on producing motherboards, desktop PC power supplies, and other essential electronic components. These are intended for major multinational corporations and original equipment manufacturers (OEMs).

Additionally, The startup has ventured into the television and display device sector by setting up one of North India's largest TV manufacturing facilities. This plant boasts an annual production capacity of 24 lakh units, catering to a mix of domestic and international brands.

Leadership comments

"Zetwerk views India's electronics manufacturing sector as experiencing a transformative shift, akin to a Y2K moment, that will propel the nation towards a flourishing 'Viksit Bharat' (developed India). Through this significant capacity expansion, we aim to act as the 'teen powerhouse' of Viksit Bharat," Zetwerk Electronics President Josh Foulger said.