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Dixon Technologies

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Dixon Technologies
TypePublic
ISININE935N01012
IndustryElectronics
Founded1993; 33 years ago (1993) (as Weston Utilities Limited.)
FounderSunil Vachani
Headquarters
Noida, Uttar Pradesh, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease ₹38,880 crore (US$4.0 billion) (FY25)[1]
Increase ₹1,528 crore (US$160 million) (FY24)[1]
Increase ₹1,233 crore (US$130 million) (FY25)[1]
Number of employees
2,844 permanent
12,757 including contractual (2023)[2]
Subsidiaries
  • Padget Electronics Private Limited
  • Dixtel Infocomm (74%)
Websitewww.dixoninfo.com

Dixon Technologies is an Indian multinational electronics manufacturing services company, based in Noida, Uttar Pradesh. 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

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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 the local production of LED televisions.[12]

In December 2024, Dixon Technologies and the Chinese mobile phone brand Vivo are forming a joint venture to manufacture electronic devices, including smartphones.[13]

Padget Electronics

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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]

For the US and European markets, Padget Electronics will produce the base model of the Pixel smartphone in addition to other Google products. Full-scale manufacturing is scheduled to begin in September 2024.[17]

Operations

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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).[18][19] The company manufactures/assembles goods such as home appliances, smartphone, laptops, televisions, set top box, medical electronics, lights, security surveillance system.[6]

Joint ventures

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The company has joint ventures with:

Customers

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

See also

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References

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  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. ↑ "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. 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.
  7. ↑ Dhanjal, Swaraj Singh (30 August 2017). "Dixon Technologies to launch Rs600 crore IPO on 6 September". mint. Retrieved 30 November 2020.
  8. ↑ "Why analysts feel Dixon has a long way to go". The Economic Times. Retrieved 30 November 2020.
  9. 1 2 Bansal, Shuchi (24 April 2007). "Picture perfect". Business Standard India. Retrieved 8 February 2021.
  10. ↑ "Upstart Rises 824% as Founder Bets on Making Phones in India". Bloomberg.com. 7 February 2021. Retrieved 8 February 2021.
  11. 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.
  12. 1 2 Mukherjee, Writankar. "Samsung signs agreement with Dixon to manufacture TV sets in India". The Economic Times. Retrieved 8 February 2021.
  13. ↑ PTI (16 December 2024). "Dixon Tech, Vivo to set up electronic manufacturing joint venture". The Hindu. ISSN 0971-751X. Retrieved 20 December 2024.
  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. ↑ Khan, Danish (6 July 2024). "Google to export India-made Pixel smartphones to Europe, US; trial production begins". moneycontrol. Retrieved 10 July 2024.
  18. ↑ "Dixon to open 3rd handset assembly plant by Jan with Rs75 Cr investment". Economic Times. Retrieved 30 November 2020.
  19. ↑ "Dixon Technologies (India) - Make-in-India, with size and scale aiding import substitution" (PDF). Business Standard. Retrieved 30 November 2020.
  20. ↑ "Dixon Technologies forms JV with Rexxam". Business Standard India. 13 January 2022. Retrieved 11 December 2022.
  21. ↑ Gupta, Surajeet Das (8 April 2021). "Dixon partners with Bharti to make telecom equipment under PLI scheme". Business Standard India. Retrieved 11 December 2022.
  22. 1 2 3 4 5 6 7 8 9 "Understanding the rise of Dixon Technologies". Finshots.
  23. 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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