Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed a contract manufacturing agreement with NxtCell India to produce smartphones for the Alcatel brand under the ‘Make in India’ initiative. Dixon Technologies is India’s largest home-grown, design-focused electronics manufacturer, catering to consumer durables, lighting and mobile phones. The company has actively expanded its partnerships in recent months. On 30 April 2025, Dixon announced a joint venture with Taiwanese hardware firm Inventec to create Dixon IT Devices Private Limited, with a sixty to forty ownership split. This venture focuses on manufacturing notebook and desktop computers, servers and components. Also in April, Dixon entered a fifty-fifty joint venture with lighting company Signify, formerly Philips Lighting, to manufacture LED bulbs and fixtures. In 2024, Padget began producing HP laptops and desktops at its Tamil Nadu facility. As of 10 May 2025, Dixon’s share price stood at Rs 15,190, down 2.79 per cent from the previous close. While the stock has declined over the past week due to market volatility and geopolitical tensions, it has risen over 81 per cent in the past year. In the first nine months of financial year twenty twenty-five, revenue grew 120 per cent to Rs 286 Bn and net profit rose 155 per cent to Rs 6.96 Bn.

Source:The New Indian Express