Bengaluru, 1 September 2022: World’s largest contract manufacturing platform Zetwerk Manufacturing Businesses, said it would appoint Sanjiv Rangrass to its board as an Independent Director and Board Member.
Rangrass has had a long and illustrious career of 40 years at ITC Ltd, where he joined as a trainee and became the CEO of the company’s agribusiness unit before retiring in June 2022 as the conglomerate’s Group Head for R&D, Sustainability and projects. He is also an active investor and has an envious track record of making angel investments in a few unicorns, including Zetwerk.
Amrit Acharya, Co-founder & CEO, commented on the development, said, “We are excited to announce that Mr Sanjiv Rangrass will be joining Zetwerk’s board of directors. Mr Rangrass has witnessed Zetwerk’s journey from its initial days and thoroughly understands the company’s business, growth and culture. As Zetwerk marches forward on its mission to become the world’s most preferred contract manufacturing platform, Mr Rangrass will get deeply involved in shaping the company’s building blocks into long-term, sustainable engines of organizational growth. ”
“I am thrilled to share that I will join Zetwerk’s incredible team as an Independent Director & Board Member. I am thankful for working with a brilliant and talented team and a sharp set of investors. It is an opportunity to be a part of transforming a growth-stage startup into a world-class institution,” Sanjiv Rangrass said about his appointment.
Valued at $2.7 billion, Zetwerk is a managed marketplace for contract manufacturing. Zetwerk partners with the world’s leading industrial and consumer enterprises to get their products manufactured via a global network of small manufacturers, where Zetwerk helps with supplier selection, pricing and fulfilment of orders. Zetwerk offers manufacturing solutions across a diverse range of industries such as Oil & Gas, Renewables, Aerospace, Infrastructure, Apparel, Electronics and Retail. For customers, Zetwerk’s global manufacturing network ensures products are manufactured faster, at competitive prices and with world-class quality. In addition, Zetwerk’s in-house Manufacturing Operating System software, ZISO, enables digital selection of supply, real-time tracking across stages, visual updates of products getting made, seamless communication across stakeholders and quality assurance of the final product, thereby offering customers peace of mind. For manufacturing partners, Zetwerk drives higher utilization of manufacturing capacities and offers various portfolio services (including logistics, raw material procurement, working capital access) to drive revenue growth and optimize manufacturing costs.
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