Dixon 2023 Annual Report

One of the largest Indian Electronic Manufacturing Services (EMS)* providers, Dixon Technologies (India) Limited offers an extensive range of products for renowned global brands. Backed by its technical expertise along with its design and manufacturing capabilities, Dixon continues to be a market leader in an evolving business landscape.

Here i will be adding my notes from Annual report 2023.

Subsidiaries & Join Ventures of Dixon

Mr. Sunil Vachani’s vision about Dixon:

What is Dixon?

1. Consumer Electronics: (Production Capacity 6Mn units PA)

• First Indian ODM Company to receive Sub-Licensing rights for Android and Google TV First Company to get TIZEN license.
• Largest LED TV Capacity in India to address 35% of the market requirement.

---

2. Lightening Solutions:

Fourth largest LED manufacturer in the World

India’s Largest ODM player in Lightening solutions

50% Manufacturing Market share in LED.

---

3. Home Appliances

---

4. Mobile Phones & EMS: 1st co to get PLI benefit

---

5. Security Surveillance Systems

• Largest Manufacturer in India
• Exclusive manufacturer of leading CCTV brands in India

---

6. EMERGING businesses-

• Telecom & Networking
• Set Top box
• IT Hardware- Laptop, Desktop, Tablets
• Wearable & Hearables

---

PLI Scheme

First company to get disbursement under PLI Scheme in the segment

Production Linked Incentive (PLI) scheme of Government of India for manufacturing telecom and networking products, mobile phones, AC PCBs and LED bulbs, has been instrumental in realizing significant growth of the Company. The Scheme has helped the Company absorb and cushion some of the cost escalations that the industry is currently facing due to supply bottlenecks, increased freight and commodity prices. It has also provided us with an incentive to expand our operations and increase our capacity, while bolstering our commitment towards backward integration of our operations. Perhaps one of the most important benefits of the PLI scheme, in the long run, would be the incentivizing of a strong component ecosystem. The industry as a whole is heavily reliant on imports for sourcing its components.
Hopefully, aided by the government incentives, we could potentially have a robust component ecosystem, which would further reduce operating costs.