Zetwerk Manufacturing records six-fold growth in GMV to Rs 5,718 crore

Zetwerk Manufacturing Businesses Pvt Ltd said it achieved gross merchandise value of Rs 5718 crore for the year ended March 31, 2022, recording a six-fold growth over the year-ago period. The digital manufacturing firm said this was aided by solid company fundamentals and a well-executed business diversification strategy.

The Company’s operating revenue grew six-fold to Rs 4961 crore from Rs 835 crore in 2020-21.

Zetwerk recorded its first full year of operational profitability, recording ₹57 crore of EBITDA from operations and (-) Rs 42 crore factoring in non-cash ESOP expenses, per Indian accounting standards.