Dixon Technologies
Company type | Public |
---|---|
ISIN | INE935N01012 |
Industry | Electronics |
Founded | 1993 | (as Weston Utilities Limited.)
Founder | Sunil Vachani |
Headquarters | Noida, Uttar Pradesh, India |
Area served | Worldwide |
Key people |
|
Products |
|
Services | |
Revenue | ₹12,192 crore (US$1.5 billion) (FY23)[1] |
₹255 crore (US$32 million) (FY23)[1] | |
Number of employees | 17,000 |
Subsidiaries |
|
Website | www |
Dixon Technologies is an Indian electronics manufacturing services company, based in Noida. It is a contract manufacturer of televisions, washing machines, smartphones, LED bulbs, battens, downlighters and CCTV security systems for companies such as Samsung, Xiaomi, Panasonic and Philips.[3][4][5] It has 17 manufacturing units in India.[6] The company is listed on BSE and NSE since its initial public offering in 2017.[7][8]
History[edit]
Dixon Technologies was founded in 1993 by Sunil Vachani. His father, Sundar Vachani. had been manufacturing televisions under the Weston brand which had launched the first colour television in India; his business struggled later on due to the emergence of other companies.[9] Dixon initially manufactured 14-inch televisions, Sega video game consoles, Philips video recorders and push-button phones for Bharti Airtel. A major breakthrough came in the 2000s when the company won a Government contract to manufacture televisions.[10] Apart from televisions and video recorders, the company also started to manufacture air conditioners and microwave ovens for LG Electronics, as well as DVD players for other brands.[9]
In 2018, Dixon signed a deal with Xiaomi to manufacture LED television sets at its Tirupati plant.[11]
In January 2020, Dixon entered a partnership with Samsung for local production of LED televisions.[12] In December 2020, it was reported that Dixon's subsidiary Padget Electronics would manufacture smartphones for Motorola.[13] In January 2021, Dixon announced that it would manufacture wireless speakers for the Indian company BoAt Lifestyle.[14] Later that month, Padget Electronics signed a contract with HMD Global to manufacture Nokia smartphones at its Noida plant.[15]
Operations[edit]
Dixon has 17 manufacturing units in India with over 15,000 employees.[6] It has India's largest manufacturing plants for LED televisions (in Tirupati), washing machines (in Dehradun) and LED bulbs (in Noida).[16][17] The company manufactures/assembles goods such as home appliances, smartphone, laptops, televisions, set top box, medical electronics, lights, security surveillance system.[6]
Joint ventures[edit]
The company has joint ventures with:
- BoAt Lifestyle[6]
- Rexxam[18]
- Bharti Airtel[19]
Customers[edit]
The following list consists of Dixon's present or past major customers
See also[edit]
References[edit]
- ^ a b "Dixon Technologies profit climbs 27.7% to Rs 80.62 cr in March quarter". Business Standard. 23 May 2023. Retrieved 14 June 2023.
- ^ Banerjee, Prasid (26 January 2021). "Dixon inks deal with Nokia to make phones in India". mint.
- ^ "Dixon Technologies Says This Is 'Y2K Moment' For Indian Contract Manufacturers". BloombergQuint. Retrieved 30 November 2020.
- ^ "Bottomline: Why Dixon Technologies may not be the best way to play the 'China Plus One' shift". cnbctv18.com. Retrieved 30 November 2020.
- ^ "Dixon's chance to be India's Foxconn". The Ken. Retrieved 30 November 2020.
- ^ a b c d "Dixon Technologies: From A Single Factory In 1993 To A Rs 10,700 Crore Electronic Manufacturer For The World". Forbes India. Retrieved 11 December 2022.
- ^ Dhanjal, Swaraj Singh (30 August 2017). "Dixon Technologies to launch Rs600 crore IPO on 6 September". mint. Retrieved 30 November 2020.
- ^ "Why analysts feel Dixon has a long way to go". The Economic Times. Retrieved 30 November 2020.
- ^ a b Bansal, Shuchi (24 April 2007). "Picture perfect". Business Standard India. Retrieved 8 February 2021.
- ^ "Upstart Rises 824% as Founder Bets on Making Phones in India". Bloomberg.com. 7 February 2021. Retrieved 8 February 2021.
- ^ a b Mukherjee, Writankar. "Xiaomi Mi TV: Xiaomi & Dixon Tech join hands for Make-in-India 'Mi' TV launch in August, to make 55K sets every month". The Economic Times. Retrieved 8 February 2021.
- ^ a b Mukherjee, Writankar. "Samsung signs agreement with Dixon to manufacture TV sets in India". The Economic Times. Retrieved 8 February 2021.
- ^ a b "Dixon Technologies' subsidiary to make smartphones for Motorola". @businessline. Retrieved 8 February 2021.
- ^ a b "boAt joins hands with Dixon Technologies for new Twin Wireless Speakers". mint. 6 January 2021. Retrieved 8 February 2021.
- ^ a b "Dixon Technologies Arm Inks Deal With HMD India For Manufacturing Nokia Smartphones". Moneycontrol. Retrieved 8 February 2021.
- ^ "Dixon to open 3rd handset assembly plant by Jan with Rs75 Cr investment". Economic Times. Retrieved 30 November 2020.
- ^ "Dixon Technologies (India) - Make-in-India, with size and scale aiding import substitution" (PDF). Business Standard. Retrieved 30 November 2020.
- ^ "Dixon Technologies forms JV with Rexxam". Business Standard India. 13 January 2022. Retrieved 11 December 2022.
- ^ Gupta, Surajeet Das (8 April 2021). "Dixon partners with Bharti to make telecom equipment under PLI scheme". Business Standard India. Retrieved 11 December 2022.
- ^ a b c d e f g h i "Understanding the rise of Dixon Technologies". Finshots.
- ^ a b Banerjee, Indrani Rajkhowa. "Dixon Tech to rest on its own laurels and brands". The Economic Times. Retrieved 11 December 2022.