Zetwerk Manufacturing Businesses Pvt Ltd, a digital manufacturing platform, has acquired controlling stake in KRYFS Power Components Ltd.
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 765kV), and 10 fully operational plants across the country. KRYFS is the only company in India to manufacture 765kV class transformer laminations and transformer tanks, a release from Zetwerk said.
Shaping next-gen infrastructure solutions
“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 for the world,” said Amrit Acharya, CEO and Co-founder, Zetwerk.
Unlocking benefits
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 including CNC machined parts, solar PV modules, PCB assemblies, and substation fabrication
- Global sourcing resilience through Zetwerk’s footprint in India, North America, South America, Europe, and Southeast Asia
- IoT-enabled innovation, including smart transformer health monitoring and data-driven maintenance solutions
Smarter solutions, greater capacity
“Our customers are at the heart of this journey,” said Saif Qureishi, CEO & Managing Director of KRYFS. “With Zetwerk, we’re not only safeguarding our legacy of quality and trust—we’re elevating it. We’re offering smarter solutions, greater capacity, and the confidence of supply continuity backed by global systems and capital strength.”
Existing team to continue
KRYFS’ existing management team, including its CEO, will continue to lead the company, ensuring continuity and stability through this new chapter. KRYFS’ 1,600+ employees, spread across its 10 plants, will now be part of Zetwerk’s digitally enabled, high-performance ecosystem.
Toyota stake to remain
Toyota Tsusho Corporation (TTC), a sister company of Toyota Motor Corporation and a long-standing strategic investor in KRYFS since October 2013, will continue its partnership with the company.
Positioned to lead
India is projected to invest $330 billion in power and energy infrastructure by 2030, driven by renewable energy adoption, grid expansion, EV acceleration, and urbanization. The domestic transformer market alone is expected to double to $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 and fabrication solutions
- Renewables and solar infrastructure
- Smart grid component manufacturing and export
Featured photograph shows facilities of KRYFS Components related to CRGO lamination (Photo: KRYFS)