Tag: dixon technologies

Vachani’s startup Dixon Technologies boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. It’s an early indicator of the country’s opportunities -- and challenges -- in building a sophisticated manufacturing sector, a top priority for Prime Minister Narendra Modi. Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing. While Vachani, 52, struggled in his early days, his company’s shares surged 824% since a 2017 initial public offering through Friday’s close. Sales and profits have boomed with domestic demand for smartphones, along with India’s ambitious plans to develop its own local industry. Read more

Dixon Technologies, the largest electronic manufacturing services gained 4 per cent on the BSE on Monday to hit a record high of Rs 8,935 on the expectation of higher demand for consumer electronics. The company's market capitalisation crossed Rs 10,000 crore today after five straight days of gains. The stock surpassed its previous high of Rs 8,822, touched on August 28, 2020, on the BSE. The stock has skyrocketed 267 per cent from its 52-week low of Rs 2,433.20, hit in September last year. Dixon is well placed to cater to the business proposition and is well equipped to serve the export markets in select categories. It further said, that set-top box is emerging to be a big category for Dixon with Rs 8 bn-10 bn revenue potential in FY22 with volumes of 800k-1,000k per month driven by RJio, Dish TV and Siti Cable. Dixon continues to lead the government’s self-dependence measures to manufacture consumer durables. Read more