Dixon Technologies

Last updated

Dixon Technologies
Company type Public
ISIN INE935N01012
Industry Electronics
Founded1993;31 years ago (1993) (as Weston Utilities Limited.)
FounderSunil Vachani
Headquarters
Noida, Uttar Pradesh, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease2.svg ₹ 17,960 crore (US$2.2 billion) (FY24) [1]
Increase2.svg₹697 crore (US$87 million) (FY24) [1]
Increase2.svg₹367 crore (US$46 million) (FY24) [1]
Number of employees
2,844 permanent
12,757 including contractual (2023) [2]
Subsidiaries
  • Padget Electronics Private Limited [3]
Website www.dixoninfo.com

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. [4] [5] [6] It has 17 manufacturing units in India. [7] The company is listed on BSE and NSE since its initial public offering in 2017. [8] [9]

Contents

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 BoAt Lifestyle. [15] Later that month, Padget Electronics signed a contract with HMD Global to manufacture Nokia smartphones at its Noida plant. [16]

Operations

Dixon has 17 manufacturing units in India with over 15,000 employees. [7] It has India's largest manufacturing plants for LED televisions (in Tirupati), washing machines (in Dehradun) and LED bulbs (in Noida). [17] [18] The company manufactures/assembles goods such as home appliances, smartphone, laptops, televisions, set top box, medical electronics, lights, security surveillance system. [7]

Joint ventures

The company has joint ventures with:

Customers

The following list consists of Dixon's present or past major customers

See also

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References

  1. 1 2 3 "Dixon Technologies" (PDF). HDFC Securities. Retrieved 17 May 2024.
  2. ↑ "Annual Report 2022-2023" (PDF). Dixon Technologies. Retrieved 17 May 2024.
  3. ↑ Banerjee, Prasid (26 January 2021). "Dixon inks deal with Nokia to make phones in India". mint.
  4. ↑ "Dixon Technologies Says This Is 'Y2K Moment' For Indian Contract Manufacturers". BloombergQuint. Retrieved 30 November 2020.
  5. ↑ "Bottomline: Why Dixon Technologies may not be the best way to play the 'China Plus One' shift". cnbctv18.com. Retrieved 30 November 2020.
  6. ↑ "Dixon's chance to be India's Foxconn". The Ken. Retrieved 30 November 2020.
  7. 1 2 3 4 "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.
  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. 1 2 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. 1 2 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. 1 2 Mukherjee, Writankar. "Samsung signs agreement with Dixon to manufacture TV sets in India". The Economic Times. Retrieved 8 February 2021.
  14. 1 2 "Dixon Technologies' subsidiary to make smartphones for Motorola". @businessline. Retrieved 8 February 2021.
  15. 1 2 "boAt joins hands with Dixon Technologies for new Twin Wireless Speakers". mint. 6 January 2021. Retrieved 8 February 2021.
  16. 1 2 "Dixon Technologies Arm Inks Deal With HMD India For Manufacturing Nokia Smartphones". Moneycontrol. Retrieved 8 February 2021.
  17. ↑ "Dixon to open 3rd handset assembly plant by Jan with Rs75 Cr investment". Economic Times. Retrieved 30 November 2020.
  18. ↑ "Dixon Technologies (India) - Make-in-India, with size and scale aiding import substitution" (PDF). Business Standard. Retrieved 30 November 2020.
  19. ↑ "Dixon Technologies forms JV with Rexxam". Business Standard India. 13 January 2022. Retrieved 11 December 2022.
  20. ↑ Gupta, Surajeet Das (8 April 2021). "Dixon partners with Bharti to make telecom equipment under PLI scheme". Business Standard India. Retrieved 11 December 2022.
  21. 1 2 3 4 5 6 7 8 9 "Understanding the rise of Dixon Technologies". Finshots.
  22. 1 2 Banerjee, Indrani Rajkhowa. "Dixon Tech to rest on its own laurels and brands". The Economic Times. Retrieved 11 December 2022.
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