Zetwerk Manufacturing appoints Pulkit Bhandari as chief financial officer

Zetwerk Manufacturing, a marketplace for contract manufacturing, said on Thursday that it had appointed Pulkit Bhandari as its chief financial officer.

As the CFO, Bhandari will collaborate closely with the founders on strategy, anchor Zetwerk’s financial planning and capital allocation initiatives, and work with existing teams to strengthen the company’s financial frameworks.

He will also be responsible for reorienting some of Zetwerk’s structures to make them ready for future growth.


“His [Pulkit’s] profound understanding of the financial ecosystem, combined with his ability to navigate complex scenarios, will strengthen the company's financial performance and support its continued expansion,” said Amrit Acharya, cofounder and chief executive of Zetwerk Manufacturing.

Prior to joining Zetwerk, Bhandari — a chartered accountant by profession — served as the head of group corporate finance at RPG Enterprises, and has worked as an investment banker at Deutsche Bank and ICICI Securities, among others.

In FY22, Zetwerk’s revenue jumped six-fold to Rs 4,961 crore from Rs 835 crore in FY21. The company’s overall losses remained largely unchanged at Rs 42 crore, after factoring in a non-cash employee stock ownership plan (Esop) expense.

In June 2022, the company said it had acquired three companies for Rs 100 crore to strengthen its verticals in the oil and gas, aerospace, defence, and infrastructure component segments.