Latest News | Zetwerk Manufacturing Appoints Pulkit Bhandari as CFO
Get latest articles and stories on Latest News at LatestLY. Manufacturing unicorn Zetwerk Manufacturing Businesses has appointed Pulkit Bhandari as its first chief financial officer, the company said on Thursday.
New Delhi, Jul 13 (PTI) Manufacturing unicorn Zetwerk Manufacturing Businesses has appointed Pulkit Bhandari as its first chief financial officer, the company said on Thursday.
A qualified Chartered Accountant, Bhandari will be responsible for collaborating closely with the founders on strategy. He will anchor Zetwerk's initiatives around financial planning and capital allocation.
Also Read | SpiceJet Put Under 'Enhanced Surveillance' by DGCA; No Operational Impact on the Airline.
"We are thrilled to welcome Pulkit to Zetwerk. His profound understanding of the financial ecosystem, combined with his ability to navigate complex scenarios, will strengthen the company's financial performance and support its continued expansion," Zetwerk Manufacturing co-founder and CEO Amrit Acharya said in a statement.
In his role as CFO, Bhandari will work with existing teams to strengthen the company's financial frameworks and reorient some of the structures to make Zetwerk ready for the next phase of growth, the statement said.
Also Read | Public Health Groups Urge GST Council To Raise Compensation Cess on Tobacco Products.
In 2021-22, Zetwerk recorded six-fold growth in the total gross merchandise value to Rs 5718 crore against Rs 951 crore in the year-ago period.
The company's operating revenue rose six-fold to Rs 4,961 crore from Rs 835 crore in 2020-21
Zetwerk said that Bhandari will also work closely with investors and drive external stakeholder engagements.
Some of Zetwerk's marquee investors include Greenoaks, Peak XV (formerly Sequoia India), D1 Capital Partners, Accel Partners, Lightspeed, Avenir Growth and Kae Capital.
Before joining Zetwerk, Bhandari led Group Corporate Finance at RPG Enterprises.
Bhandari has also worked as an investment banker at Deutsche Bank and ICICI Securities, among others, where he was engaged with corporates across sectors while playing a strategic role around mergers and acquisitions, financing and debt capital markets and private equity.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)