Unicorn Zetwerk Manufacturing Appoints Pulkit Bhandari as their Chief Financial Officer
Manufacturing unicorn Zetwerk Manufacturing Businesses announced the appointment of Pulkit Bhandari as its inaugural Chief Financial Officer (CFO), according to a statement released. Bhandari, a qualified Chartered Accountant, will collaborate closely with the company’s founders on strategy and lead Zetwerk’s financial planning and capital allocation initiatives.
Zetwerk Manufacturing co-founder and CEO Amrit Acharya expressed enthusiasm about welcoming Bhandari to the team, emphasizing his deep understanding of the financial ecosystem and his ability to navigate complex scenarios. Acharya believes that Bhandari’s expertise will enhance the company’s financial performance and support its ongoing expansion.
As CFO, Bhandari will collaborate with existing teams to strengthen Zetwerk’s financial frameworks and restructure certain systems to prepare the company for its next phase of growth, as stated in the announcement.
Zetwerk witnessed remarkable growth in the previous fiscal year, with a six-fold increase in total gross merchandise value to Rs 5,718 crore compared to Rs 951 crore in the previous year. The company’s operating revenue also grew six-fold to Rs 4,961 crore from Rs 835 crore in 2020-21.
The statement further outlined that Bhandari will play a crucial role in working closely with investors and engaging external stakeholders. Zetwerk boasts a notable list of investors, including Greenoaks, Peak XV (formerly Sequoia India), D1 Capital Partners, Accel Partners, Lightspeed, Avenir Growth, and Kae Capital.
Prior to joining Zetwerk, Bhandari held the position of Group Corporate Finance leader at RPG Enterprises. He also gained experience as an investment banker at prominent firms such as Deutsche Bank and ICICI Securities, where he played a strategic role in mergers and acquisitions, financing, debt capital markets, and private equity engagements with corporates across various sectors.
