Dixon Technologies

From Bharatpedia, an open encyclopedia
Information red.svg
Scan the QR code to donate via UPI
Dear reader, We need your support to keep the flame of knowledge burning bright! Our hosting server bill is due on June 1st, and without your help, Bharatpedia faces the risk of shutdown. We've come a long way together in exploring and celebrating our rich heritage. Now, let's unite to ensure Bharatpedia continues to be a beacon of knowledge for generations to come. Every contribution, big or small, makes a difference. Together, let's preserve and share the essence of Bharat.

Thank you for being part of the Bharatpedia family!
Please scan the QR code on the right to donate.

0%

   

transparency: ₹0 raised out of ₹100,000 (0 supporter)



Dixon Technologies (India) Ltd
Traded as
ISININE935N01012
IndustryElectronics
Founded28 January 1993; 31 years ago (1993-01-28) (as Weston Utilities Limited.)
Founder(s)Sunil Vachani
Headquarters
Noida, Uttar Pradesh, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease ₹6,449 crore (US$900 million) (FY 2021)[1]
Increase₹217 crore (US$30 million) (FY 2021)[1]
Increase₹159 crore (US$22 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[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] 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]

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 1.2 "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. ↑ 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. ↑ 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[edit]

Stub icon 1 Stub icon 2

This article about an Indian company is a stub. You can help Bharatpedia by expanding it.

Retrieved from "https://en.bharatpedia.org/index.php?title=Dixon_Technologies&oldid=200008"