Zetwerk Manufacturing Businesses Pvt. Ltd. acquired 100% of Wardha fabrication unit of Wheels India from Wheels India Limited (NSEI:WHEELS) on June 30, 2022. In recent transaction Zetwerk has acquired Pinaka Aerospace Solutions for aerospace and defence manufacturing capabilities, picked up majority stake in SharpTanks, and acquired 100% stake in The Wardha fabrication unit of Wheels India's for a total of consideration of INR1000 million.

Zetwerk Manufacturing Businesses Pvt. Ltd. completed the acquisition of 100% of Wardha fabrication unit of Wheels India from Wheels India Limited (NSEI:WHEELS) on June 30, 2022