Zetwerk Takes Majority Ownership in KRYFS Power Components
Zetwerk Manufacturing has acquired a majority share in KRYFS Power Components. This strategic acquisition firmly positions Zetwerk at the forefront of India’s energy and electrification revolution.
August 13, 2025. By News Bureau
The acquisition creates one of India’s most formidable players in electricals and renewables manufacturing, blending Zetwerk’s digital-first supply chain platform and global manufacturing network with KRYFS’s deep domain expertise, NABL-accredited labs, POWERGRID-approved facilities (up to 765 kV), and 10 fully operational plants across the country.
“Zetwerk’s mission has always been to build the most reliable and digitally-enabled manufacturing platform for the world. With KRYFS, we are deepening that promise in the Energy Transition space. KRYFS has been an enduring symbol of trust in power component manufacturing. Their domain leadership in transformer components and unwavering commitment to quality make them a natural fit for us. This partnership isn’t just about scale, it’s about shaping the next generation of infrastructure manufacturing solutions in India, for India and the world,” said Amrit Acharya, CEO and Co-founder, Zetwerk.
“This is not just about one company acquiring another. This is about building an industrial backbone for India's next decade—electrified, digitised, and self-reliant,” added Acharya.
For KRYFS’ valued customers—including transmission utilities, transformer OEMs, and turnkey players—the integration with Zetwerk unlocks a host of tangible benefits:
- Digitally enhanced quality with end-to-end traceability via Zetwerk OS—from slit coil to final assembly
- Expanded offerings include CNC machined parts, solar PV modules, PCB assemblies, and substation fabrication
- IoT-enabled innovation, including smart transformer health monitoring and data-driven maintenance solutions
“This partnership brings together the strengths of a 33-year-old industry leader and a dynamic 7-year-old new-age company, bridging the old economy with the new. It’s a powerful fusion we call the now/ (new+old world) Economy—where legacy expertise meets modern innovation to unlock greater value,” added Qureishi.
India is projected to invest USD 330 billion in power and energy infrastructure by 2030, driven by renewable energy adoption, grid expansion, EV acceleration, and urbanisation. The domestic transformer market alone is expected to double to USD 4.2 billion by the end of the decade. With KRYFS, Zetwerk is now uniquely positioned to lead in CRGO steel lamination and core manufacturing, turnkey for HV substations and transmission lines, transformer tank, fabrication solutions, renewables and solar infrastructure, and smart grid component manufacturing and export.
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