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About Dixon Technologies (India)
History
Dixon Technologies (India) Limited was incorporated on May 2, 2017, though its operations started much earlier. In 1994, the company had started manufacturing colour televisions and established a manufacturing facility at Noida in 1996. In 2007, it started manufacturing LCD TVs. In the subsequent year, it entered the lighting products vertical, starting with the manufacture of CFL products, as well as reverse logistics services. Thereafter the funds IBEF I and IBEF, advised and managed by MOPE Investment Advisors Pvt. Ltd., invested in the company. In 2010, Dixon began manufacturing LED TVs and its erstwhile subsidiary Dixon Appliances Pvt. Ltd. (DAPL) commenced semi-automatic washing machines manufacturing. In FY 2019-20, the Company launched further new products like LED and Smart TVs along with hybrid set-top boxes.Business Segments
Dixon is one of the largest domestic manufacturers and designers in the consumer durables, lighting and mobile phone markets. It has a fairly diverse product portfolio including: (i) Consumer electronics e.g. LED TVs, set-top boxes, etc. (ii) Home appliances e.g. washing machines (iii) Lighting products e.g. LED bulbs and tube lights, down lighters and CFL bulbs (iv) Mobile phones (v) CCTV & Digital Video Recorders (DVRs). (vi) Medical Electronics (vii) IT hardware Dixon also provides services in reverse logistics e.g. repair of Set Top Boxes, Mobile Phones and LED TV Panels. The company provides integrated end-to-end solutions to original equipment manufacturers ('OEMs'). Such services include global sourcing, manufacturing, quality testing and packaging to logistics. It is also a major Original Design Manufacturer ('ODM') of lighting products, LED TVs and semi-automatic washing machines in India. Dixon manufactures and supplies these products to other companies in India who distribute these products under their own brand names. Recently, in July 2022, the company started manufacturing printed circuit boards for air conditioners in its facility in Noida. Dixon Technologies has 6 subsidiaries, including Dixon Global Pvt. Ltd., Padget Electronics Pvt. Ltd., Dixon Electro Manufacturing Pvt. Ltd., among others.Key Personnel
Mr. Sunil Vachani, Executive Chairman Mr. Vachani is the promoter of the company and has been so since the company’s inception. He has a degree as an Associate of Applied Arts in Business Administration from the American College in London. He largely looks after the overall growth and business development of the company. He has over 30 years of experience in the EMS industry. Mr. Atul B. Lall, MD and CEO Mr. Atul B Lall, is the Managing Director and Vice Chairman of Dixon. He has a Master’s Degree in Management Studies from the Birla Institute of Technology and Science, Pilani. He too has been associated with the company since its inception. He is in charge of the company’s business operations. He too has over 30 years of experience in the EMS industry.Corporate Actions
The following are some of the corporate actions done by the company in the recent past: Stock Split The company has last split its stock from a face value of ₹10 to ₹2 in March 2021. Mergers and Acquisitions- In 2022-23, Dixtel Communications Private Limited became a 100% Subsidiary of the Company effective on February 22, 2023.
- On 12th April, 2019, the company had acquired 100% equity shareholding of Padget Electronics Pvt Ltd.
- In 2017, pursuant to the amalgamation order, the company's two wholly owned subsidiaries DAPL and DBMPL were amalgamated with the company.
Financial Highlights
- The company has shown a strong CAGR of over 30% between the years ending in March 2019 and March 2023.
- From having a negative net profit in the year ending in March 2012, the company now has a ₹255 crore net profit in the year ending in March 2023.
- The company has an interest coverage ratio of 7.20 as of September 2023.
Parent Organisation
Indian Private
Managing Director
Atul B Lall
Founded
1993
NSE Symbol
DIXON
Community Discussion
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10th July, 2024
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Dixon Technologies India Ltd FAQs
What is the share price of Dixon Technologies India Ltd (DIXON) shares?
Dixon Technologies India Ltd (DIXON) share price as of October 14, 2024, on NSE is Rs 15265.05 (NSE) and Rs 15265.05 (BSE) on BSE.
Can I buy Dixon Technologies India Ltd (DIXON) from Angel One?
Yes, You can buy Dixon Technologies India Ltd (DIXON) shares by opening a Demat account with Angel One.
How do I buy Dixon Technologies India Ltd (DIXON) from Angel One?
Dixon Technologies India Ltd (DIXON) share can be bought through the following modes:
1. Direct investment: You can buy Dixon Technologies India Ltd (DIXON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dixon Technologies India Ltd (DIXON) shares.
1. Direct investment: You can buy Dixon Technologies India Ltd (DIXON) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dixon Technologies India Ltd (DIXON) shares.
What is the main business of Dixon?
The main business of Dixon is to manufacture televisions, LED bulbs, washing machines, downlighters, smartphones, battens, and CCTV security systems on a contractual basis for companies like Samsung, Panasonic, Xiaomi, and Philips.
Who are the promoters of Dixon?
The main promoters of Dixon are Sunil Vachani, Gayatri Vachani, Suresh Vaswani, Ravi Vachani, and Vachani Kamal.
What are the Subsidiaries that comes under Dixon?
The main subsidiaries that come under Dixon are Dixon Global Private Limited, Padget Electronics Private Limited, Dixon Electro Appliances Private Limited, Dixon Electro Manufacturing Private Limited, and Dixon Technologies Solutions Private Limited.
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