Zetwerk has confidentially filed for an initial public offering to raise up to ₹4,200 crore ($450 million).
The company is actively negotiating a ₹500 crore pre-IPO round at a $3 billion valuation to strengthen its balance sheet and provide partial liquidity to early investors.
FY25 financials reveal a 60% reduction in net losses (₹371 crore), despite an 11% dip in revenue (₹12,798 crore), as the company optimizes for profitability.
Strategically, Zetwerk is reducing its reliance on low-margin industrial projects and pivoting toward high-value sectors like aerospace, defense, and electronics manufacturing.
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