Denied US visa, he built Rs 26,000-crore company in India: How Amrit Acharya started Zetwerk with his IIT friends
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Amrit Acharya returned to India in January 2018 after his US visa became uncertain.
- ✓He teamed up with his IIT classmate Srinath Ramakkrushnan to start Zetwerk in May 2018.
- ✓The company grew into a Rs 26,000-crore manufacturing business by using technology to connect large companies with reliable suppliers across India.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
An uncertain visa situation prompted Amrit Acharya to leave a well-paying job in the US and return to India in January 2018. What followed was a venture that would grow into Zetwerk, a business-to-business (B2B) manufacturing company operating across sectors such as electronics, renewable energy, aerospace and defence. An IIT Madras graduate with an MBA from the University of California, Berkeley, Acharya had worked at ITC before joining McKinsey & Company in San Francisco in September 2016.
Entrepreneurship, however, was not part of his original career plan. In an interview with Forbes India, Acharya said his decision to leave McKinsey was not driven by dissatisfaction with the company. "McKinsey was great," he recalled. The uncertainty surrounding his US visa, however, meant he had to consider working from different countries.
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