Dixon Technologies
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Company type | Public |
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ISIN | INE935N01012 |
Industry | Electronics |
Founded | 1993 | (as Weston Utilities Limited.)
Founder | Sunil Vachani |
Headquarters | Noida, Uttar Pradesh, India |
Area served | Worldwide |
Key people |
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Products |
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Services | |
Revenue | ![]() |
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Number of employees | 2,844 permanent 12,757 including contractual (2023)[2] |
Subsidiaries |
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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.[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]
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.[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]
Padget Electronics
[edit]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
[edit]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).[18][19] The company manufactures/assembles goods such as home appliances, smartphone, laptops, televisions, set top box, medical electronics, lights, security surveillance system.[7]
Joint ventures
[edit]The company has joint ventures with:
- BoAt Lifestyle[7]
- Rexxam[20]
- Bharti Airtel[21]
Customers
[edit]The following list consists of Dixon's present or past major customers
See also
[edit]References
[edit]- ^ a b c "Dixon Technologies" (PDF). HDFC Securities. Retrieved 17 May 2024.
- ^ "Annual Report 2022-2023" (PDF). Dixon Technologies. Retrieved 17 May 2024.
- ^ 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.
- ^ Khan, Danish (6 July 2024). "Google to export India-made Pixel smartphones to Europe, US; trial production begins". moneycontrol. Retrieved 10 July 2024.
- ^ "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.