Dixon Technologies India Limited IPO

Company Profile

Dixon Technologies (India) Ltd (DTIL) is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Its diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobile phones. It also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. It is the leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Its key customers include Panasonic India Private Limited, Philips Lighting India Limited, Haier Appliance (I) Pvt. Ltd., Gionee, Surya Roshni Limited, Reliance Retail Limited, Intex Technologies (I) Ltd., Mitashi Edutainment Pvt. Ltd., Dish Infra Services Private Limited.

DTIL is a fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics. It is also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, it develops and designs products in-house at its R&D centre and manufactures and supplies these products to well-known companies in India who in turn distribute these products under their own brands.

In line with DTIL’s focus to provide end to end product solutions, it has backward integrated its major manufacturing processes by developing in-house capabilities in plastic moulding products, sheet metal products, wound components and LED panel assembly. This improves its cost efficiency, reduces dependency on third party suppliers and gives better control on production time and quality of critical components used in the manufacturing of products. DTIL’s in-house R&D centre, apart from undertaking electronics hardware designing, system architecture, mechanical design, component engineering and optics design, also assists its customers in cost reduction through product engineering. This enables it to address consumer requirements across geographies, introduce new and unique products in the market and enhance existing products with emerging technologies. As on July 31, 2017, its R&D team consisted of 22 employees, including electrical engineers. Its revenue from ODM contributed to 14.72%, 26.88% and 21.88% of its revenue from operations (net) in Fiscals 2015, 2016 & 2017. 33,93,426 Equity Shares (including *Fresh issue of 3,39,751 Equity Shares + Offer for sale 30,53,675 equity shares)