Zetwerk aims to make servers in India from FY26, co-founder Rahul Sharma says

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Mint in an interview. Also read | Zetwerk charts ₹1,000 crore game plan for electronics manufacturing “In the next two quarters, MoUs (memorandums of understanding) with global firms from Korea, Japan and Taiwan will be signed, through which we will get into new sectors of automotive and defence electronics. In the next financial year, we’re looking at making servers locally and we will also expand our laptop manufacturing capacities.

Discussions with brands for laptops are already on," he added. The contract manufacturer operates four of its own manufacturing units, besides subcontracting production of mobile phones and laptops to other suppliers. It is an original design manufacturer for TVs, tablets, personal computers, hearables and wearables.

It recently expanded its manufacturing facilities through a strategic partnership with electronics manufacturing services firm Smile Electronics to launch three facilities making information technology (IT) hardware in Bengaluru, Chennai and one in Andhra Pradesh, which is expected to come up early next year. Automotive electronics will include components for EVs and charging infrastructure for state-run oil companies Indian Oil Corp. Ltd and Hindustan Petroleum Corp.

Ltd, while defence electronics will be components used in manufacturing of defence hardware. Read more | IndiGo co-founder Rakesh Gangwal invests $20 million in Zetwerk Sharma added that investment into diversification into new segments would be part of the ₹1,000 crore earmarked by the company for expanding into electronics across segments. Expecting its revenues to grow by 20-30% in fiscal year 2024 (FY24) versus FY23, Sharma said the company was well-funded with a healthy mix of debt and equity and therefore