Dixon Technologies (India) Limited is engaged in producing consumer electronics, lighting solutions, home and security appliances. The company has its market capitalization worth INR 21,856.33 crore as of 16th April 2021. The company was established in 1993. The company has reported quarterly revenue of INR1,896.93 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 540699 and on the National Stock Exchange (NSE) with the symbol DIXON.
The company has its headquarters in Noida. It deals in manufacturing consumer electronics, lighting solutions, home and security appliances, etc. and provides electronics manufacturing, repair, and refurbishment services to its customers.
Dixon technologies were incorporated as Weston Utilities Limited at Rajasthan in 1993. After changing its name multiple times, the company changed its name to Dixon Technologies (India) Private Limited in 2006. The company went public in 2017. Dixon Technologies Ltd. operates as a contract manufacturer for Samsung, Xiaomi, Panasonic, and Philips, manufacturing televisions, washing machines, laptops, LED lamps, battens, downlighters, and CCTV surveillance systems. Dixon is an end-to-end component and solution suite supporting original equipment manufacturers, spanning worldwide procurement, processing, quality testing, packaging, and logistics. Its subsidiaries are Padget Electronics Private Limited, All Dixon Technologies Private Limited, Dixon Global Private Limited and Dixon Electro Appliances Private Limited. In 2017, the company agreed with Flipkart to design and manufacture televisions, washing machines and other electronic appliances for Flipkart under their trademark – MARQ. Dixon signed a contract with Xiaomi in 2018 to produce LED television sets at its Tirupati plant. In January 2020, Dixon partnered up with Samsung to create LED televisions for the local market. Padget Electronics, a Dixon subsidiary, signed a deal with Motorola to manufacture smartphones in December 2020.
Dixon has signed an agreement with boAt for producing wireless speakers. The company has started operations in its 3rd handset factory, which will proliferate its total capacity to 80 million units per month which previously stood at 30 million per month. The mutual fund holdings have decreased substantially from 14.18% in December 2020 to 10.1% in March 2021. The company's profits had surged from Rs.52 crore in September 2020 to Rs.61 crore in December 2020. The company's debt stands at Rs.121 crore as of March 2020.Read More