Rangrass comes with a four-decade experience at
, where he joined as a trainee and became the chief executive officer (CEO) of the company’s agribusiness unit before retiring in June 2022. He was at the time the conglomerate’s group head for research and development (R&D), sustainability and projects.
He is an active investor and has a track record of making angel investments in a few unicorns, including Zetwerk.
“We are excited to announce that Sanjiv Rangrass will be joining Zetwerk’s board of directors. Rangrass has witnessed Zetwerk’s journey from its initial days and thoroughly understands the company’s business, growth and culture. He will shape the company’s building blocks into long-term, sustainable engines of organisational growth,” said Amrit Acharya, cofounder, and CEO of Zetwerk.
“I am thrilled to join Zetwerk’s incredible team as an independent director & board member. I am thankful for working with a brilliant and talented team, and a sharp set of investors. It is an opportunity to be a part of transforming a growth-stage startup into a world-class institution,” Rangrass said.
In July, the Bengaluru-based manufacturing unicorn
announced the elevation of Ankit Fatehpuria as the fifth cofounder.
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Zetwerk acquired three companies for Rs 100 crore in June to strengthen its industrial vertical business in the oil and gas, aerospace, defense, and infrastructure component segments.
The company acquired Pinaka Aerospace Solutions for aerospace and defense manufacturing capabilities, bagged a majority stake in SharpTanks to increase Zetwerk’s exposure to the oil and gas industry, and bought a 100% stake in the Wardha fabrication unit of
to tap into a $1.5-billion market comprising the manufacturing of critical fabricated parts for power, roads, and railways.
