Dixon Technologies

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Dixon Technologies
Traded as
ISININE935N01012
IndustryElectronics
Founded1993; 33 years ago (1993) (as Weston Utilities Limited.)
Founder(s)Sunil Vachani
Headquarters
Noida, Uttar Pradesh, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease ₹38,880 crore (US$5.5 billion) (FY25)[1]
Increase ₹1,528 crore (US$210 million) (FY24)[1]
Increase ₹1,233 crore (US$170 million) (FY25)[1]
Number of employees
2,844 permanent
12,757 including contractual (2023)[2]
Subsidiaries
  • Padget Electronics Private Limited[3]
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.[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 | edit source]

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 the local production of LED televisions.[13]

In December 2024, Dixon Technologies and the Chinese mobile phone brand Vivo are forming a joint venture to manufacture electronic devices, including smartphones.[14]

Padget Electronics[edit | edit source]

In December 2020, it was reported that Dixon's subsidiary Padget Electronics would manufacture smartphones for Motorola.[15] In January 2021, Dixon announced that it would manufacture wireless speakers for the Indian company BoAt Lifestyle.[16] Later that month, Padget Electronics signed a contract with HMD Global to manufacture Nokia smartphones at its Noida plant.[17]

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.[18]

Operations[edit | edit source]

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).[19][20] 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 | edit source]

The company has joint ventures with:

Customers[edit | edit source]

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

See also[edit | edit source]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 "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. ↑ 7.0 7.1 7.2 7.3 "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. ↑ 10.0 10.1 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. ↑ 12.0 12.1 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. ↑ 13.0 13.1 Mukherjee, Writankar. "Samsung signs agreement with Dixon to manufacture TV sets in India". The Economic Times. Retrieved 8 February 2021.
  14. ↑ PTI (16 December 2024). "Dixon Tech, Vivo to set up electronic manufacturing joint venture". The Hindu. ISSN 0971-751X. Retrieved 20 December 2024.
  15. ↑ 15.0 15.1 "Dixon Technologies' subsidiary to make smartphones for Motorola". @businessline. Retrieved 8 February 2021.
  16. ↑ 16.0 16.1 "boAt joins hands with Dixon Technologies for new Twin Wireless Speakers". mint. 6 January 2021. Retrieved 8 February 2021.
  17. ↑ 17.0 17.1 "Dixon Technologies Arm Inks Deal With HMD India For Manufacturing Nokia Smartphones". Moneycontrol. Retrieved 8 February 2021.
  18. ↑ Khan, Danish (6 July 2024). "Google to export India-made Pixel smartphones to Europe, US; trial production begins". moneycontrol. Retrieved 10 July 2024.
  19. ↑ "Dixon to open 3rd handset assembly plant by Jan with Rs75 Cr investment". Economic Times. Retrieved 30 November 2020.
  20. ↑ "Dixon Technologies (India) - Make-in-India, with size and scale aiding import substitution" (PDF). Business Standard. Retrieved 30 November 2020.
  21. ↑ "Dixon Technologies forms JV with Rexxam". Business Standard India. 13 January 2022. Retrieved 11 December 2022.
  22. ↑ Gupta, Surajeet Das (8 April 2021). "Dixon partners with Bharti to make telecom equipment under PLI scheme". Business Standard India. Retrieved 11 December 2022.
  23. ↑ 23.0 23.1 23.2 23.3 23.4 23.5 23.6 23.7 23.8 "Understanding the rise of Dixon Technologies". Finshots.
  24. ↑ 24.0 24.1 Banerjee, Indrani Rajkhowa. "Dixon Tech to rest on its own laurels and brands". The Economic Times. Retrieved 11 December 2022.

External links[edit | edit source]

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