Zetwerk Expects FY26 Revenue to Cross $2 Billion as Energy Orders Surge Zetwerk Targets $2 Billion FY26 Revenue as Data Centre Power Demand Rises

The business-to-business manufacturing technology firm Zetwerk expects to close FY26 with more than $2 billion in revenue, driven largely by a surge in orders linked to energy and power projects in India and the United States. Co-founder and chief executive Amrit Acharya said demand tied to data centre expansion has emerged as a key tailwind, even though the company does not sell directly to giants such as Google or OpenAI.

Energy-related manufacturing now accounts for close to 40 percent of Zetwerk’s revenue and is growing at around 100 percent year-on-year. The company supplies components such as transformers, solar trackers and wind turbine parts through its network of manufacturing partners, placing it squarely in the extended supply chain that supports power-hungry data centres.

“Data centres require massive investments in power generation, transmission and grid equipment,” Acharya stated. Once a power plant is commissioned, demand quickly follows for transformers, storage systems and grid connectivity—areas where Zetwerk has built scale.

The current cycle, he said, is being shaped by more than just AI-led demand. Policy pushes such as India’s production-linked incentive schemes and the US drive to localise manufacturing are feeding into a broader wave of industrial investment. Together, they are tightening capacity across key categories.

Founded in 2018, Zetwerk began as a digital marketplace that matched manufacturers with customers. It has since evolved into an end-to-end industrial manufacturing platform, managing everything from engineering and supplier selection to quality control, timelines and logistics. Clients bring the designs; Zetwerk coordinates the execution.

Acharya stressed that the projected $2 billion-plus revenue for FY26 reflects completed and delivered business, not a forward-looking run rate.

The company’s portfolio spans both finished goods and materials platforms. Its products range from renewable energy hardware such as wind turbines and solar trackers to critical grid equipment used by utilities and industrial buyers. Many of its customers are multinational capital goods firms that rely on Zetwerk to manage complex, customised manufacturing programmes.

Zetwerk is also scaling up its electronics manufacturing operations, particularly in categories supported by India’s PLI framework. The company already produces laptops, wearables, hearables and IT hardware, and is now moving backward into printed circuit board manufacturing to gain tighter control over its supply chain.

China remains a tough benchmark, Acharya acknowledged, given its scale and access to low-cost capital. Still, he sees India’s industrial push as durable rather than cyclical, with global supply chains gradually diversifying as capacity comes online.

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