Dixon Technologies

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Dixon Technologies (India) Ltd
TypePublic
ISININE935N01012
IndustryElectronics
Founded28 January 1993; 28 years ago (1993-01-28) (as Weston Utilities Limited.)
FounderSunil Vachani
Headquarters
Noida, Uttar Pradesh, India
Area served
Worldwide
Key people
  • Sunil Vachani (Executive Chairman)
  • Atul B Lall (Managing Director)
Products
Services
RevenueIncrease ₹6,449 crore (US$860 million) (FY 2021)[1]
Increase₹217 crore (US$29 million) (FY 2021)[1]
Increase₹159 crore (US$21 million) (FY 2021)[1]
Subsidiaries
  • Padget Electronics Private Limited
[2]
Websitedixoninfo.com

Dixon Technologies (India) Ltd 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 10 manufacturing units in Noida, Dehradun and Tirupati, as well as the largest television, washing machine and bulb assembly plants in India.[6][7] The company is listed on BSE and NSE since its initial public offering in 2017.[8][9]

History[]

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.[10] 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.[11] 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.[10]

In 2018, Dixon signed a deal with Xiaomi to manufacture LED television sets at its Tirupati plant.[12]

In January 2020, Dixon entered a partnership with Samsung for local production of LED televisions.[13] In December 2020, it was reported that Dixon's subsidiary Padget Electronics would manufacture smartphones for Motorola.[14] In January 2021, Dixon announced that it would manufacture wireless speakers for the Indian company .[15] Later that month, Padget Electronics signed a contract with HMD Global to manufacture Nokia smartphones at its Noida plant.[16]

See also[]

References[]

  1. ^ a b c "Results-Financial Year 31/03/2021" (PDF). BSE. Retrieved 27 May 2021.
  2. ^ Banerjee, Prasid (26 January 2021). "Dixon inks deal with Nokia to make phones in India". mint.
  3. ^ "Dixon Technologies Says This Is 'Y2K Moment' For Indian Contract Manufacturers". BloombergQuint. Retrieved 30 November 2020.
  4. ^ "Bottomline: Why Dixon Technologies may not be the best way to play the 'China Plus One' shift". cnbctv18.com. Retrieved 30 November 2020.
  5. ^ "Dixon's chance to be India's Foxconn". The Ken. Retrieved 30 November 2020.
  6. ^ "Dixon to open 3rd handset assembly plant by Jan with Rs75 Cr investment - ET Telecom". Economic Times. Retrieved 30 November 2020.
  7. ^ "Dixon Technologies (India) - Make-in-India, with size and scale aiding import substitution" (PDF). business-standard.com. Retrieved 30 November 2020.
  8. ^ Dhanjal, Swaraj Singh (30 August 2017). "Dixon Technologies to launch Rs600 crore IPO on 6 September". mint. Retrieved 30 November 2020.
  9. ^ "Why analysts feel Dixon has a long way to go". The Economic Times. Retrieved 30 November 2020.
  10. ^ a b Bansal, Shuchi (24 April 2007). "Picture perfect". Business Standard India. Retrieved 8 February 2021.
  11. ^ "Upstart Rises 824% as Founder Bets on Making Phones in India". Bloomberg.com. 7 February 2021. Retrieved 8 February 2021.
  12. ^ 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.
  13. ^ Mukherjee, Writankar. "Samsung signs agreement with Dixon to manufacture TV sets in India". The Economic Times. Retrieved 8 February 2021.
  14. ^ "Dixon Technologies' subsidiary to make smartphones for Motorola". @businessline. Retrieved 8 February 2021.
  15. ^ "boAt joins hands with Dixon Technologies for new Twin Wireless Speakers". mint. 6 January 2021. Retrieved 8 February 2021.
  16. ^ "Dixon Technologies Arm Inks Deal With HMD India For Manufacturing Nokia Smartphones". Moneycontrol. Retrieved 8 February 2021.

External links[]

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