Dixon Technologies (India) Limited , a leading electronics manufacturing services (EMS) company, has announced the completion of its joint venture (JV) with Inventec Corporation, a global leader in IT hardware manufacturing. This strategic partnership marks a significant milestone in Dixon's expansion into the high-growth IT hardware segment.

Key Details of the Joint Venture

• Ownership Structure: Dixon Technologies now holds 60% stake in the JV company, Dixon IT Devices Private Limited, while Inventec holds the remaining 40%.
• Investment: Dixon has invested INR 20.51 crore, and Inventec has invested INR 13.68 crore in the JV.
• Share Acquisition: Dixon acquired 2.05 crore equity shares, and Inventec acquired 1.37 crore equity shares, each priced at INR 10.
• JV Company Details:
  • Authorized share capital: INR 200.00 crores
  • Paid-up share capital: INR 34.20 crore
  • Current turnover: Nil

Scope of Manufacturing

The joint venture will focus on manufacturing:

• Notebook PC Products
• Servers
• Desktop PC Products (including Components)

Strategic Significance

This partnership is poised to leverage the strengths of both companies:

1. Dixon's Manufacturing Prowess: As one of India's largest home-grown design-focused and solutions companies, Dixon brings its robust domestic manufacturing capabilities and alignment with local government policies.

2. Inventec's Global Expertise: Founded in 1975, Inventec is among the world's top 5 PC ODMs (Original Design Manufacturers). It brings strong engineering, supply chain, and systems integration capabilities to the venture.

Management Perspectives

Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, commented on the partnership: "We are delighted to partner with Inventec, a global leader in IT hardware manufacturing. This joint venture marks a significant milestone for Dixon as we expand our portfolio into high growth segments of notebooks & servers."

Jack Tsai, President & CEO of Inventec, stated: "This joint venture integrates Dixon's robust domestic manufacturing capabilities and Inventec's capabilities in engineering, supply chain and systems integration. The partnership significantly enhances our operational agility and service coverage within the Indian market."

Implications for the Indian Market

1. Supply Chain Resilience: The JV aims to strengthen supply chain resilience by offering a more diversified manufacturing footprint.
2. Cost Efficiency: The partnership is expected to optimize cost-efficiency in IT hardware production.
3. Alignment with Government Initiatives: This move aligns with India's push for local manufacturing under initiatives like 'Make in India'.

Conclusion

The Dixon-Inventec joint venture represents a significant development in India's IT hardware manufacturing landscape. By combining Dixon's local manufacturing strength with Inventec's global expertise, the partnership is well-positioned to capitalize on the growing demand for IT hardware in India and potentially for export markets.

As the JV begins operations, industry observers will be keen to see how this collaboration impacts the competitive dynamics of the IT hardware manufacturing sector in India and contributes to the country's ambitions in electronics manufacturing.

Dixon Technologies (India) Limited, a leading electronic manufacturing services company, has received shareholder approval for key board appointments through postal ballot results declared on December 23, 2025. The shareholders approved the appointment of Mr. Saurabh Gupta as Director-Finance for a five-year term and the re-appointment of Dr. Rakesh Mohan as Non-Executive Independent Director.

Shareholder Approval Confirms Board Appointments

The company announced that shareholders have formally approved two critical board appointments through postal ballot. The appointments, initially approved by the Board of Directors on October 17, 2025, have now received the necessary shareholder endorsement as required under regulatory provisions.

Experienced Financial Leader Joins Dixon Technologies

Mr. Gupta brings over 22 years of experience in finance and strategy across various sectors, including manufacturing, cinema, real estate, and consulting. His appointment comes at a time when Dixon Technologies is showing strong financial performance, as evidenced by their recent financial results.

Professional Background and Expertise

Mr. Saurabh Gupta's credentials include:

• Chartered Accountant and Company Secretary qualifications
• MBA from MDI Gurgaon
• Advanced Management Program certification from Harvard Business School

His areas of expertise encompass:

• Capital raising (equity and debt)
• Risk and treasury management
• Investor relations
• Strategy formulation
• Mergers and acquisitions
• Corporate governance and leadership

Professional Accolades and Recognition

Mr. Gupta has received multiple professional honors throughout his career, including:

• Best CFO in Manufacturing Infrastructure by the Institute of Chartered Accountants of India (2020)
• Young CFO of the Year by CII CFO Excellence Awards (2021)
• Emerging CFO of the Year - Large by ET CFO (2025)

Prior to joining Dixon Technologies, Mr. Gupta held positions at notable companies such as PVR Ltd., Unitech, and McKinsey & Company.

Dr. Rakesh Mohan's Continued Leadership

Dr. Rakesh Mohan's re-appointment as Non-Executive Independent Director for a second five-year term reflects the company's confidence in his expertise. Dr. Mohan brings extensive experience in economics and policy, holding degrees from Imperial College London, Yale University, and Princeton University. He currently serves as President and Distinguished Fellow of the Centre for Social and Economic Progress (CSEP), New Delhi.

Dixon Technologies' Recent Financial Performance

The board appointments align with Dixon Technologies' strong financial trajectory. According to the company's recent consolidated financial results:

The company has demonstrated substantial growth, with revenue from operations increasing by 52.87% year-over-year for the first half of FY2026. The profit after tax has also shown a remarkable increase of 85.84% compared to the same period in the previous year.

Strategic Implications

The confirmed appointments of Mr. Saurabh Gupta as Director-Finance and Dr. Rakesh Mohan's continued role as Independent Director are expected to strengthen Dixon Technologies' financial strategy and governance framework. Mr. Gupta's extensive experience in capital raising and mergers and acquisitions could support the company's growth initiatives, while Dr. Mohan's economic expertise will continue to guide strategic decision-making.

Both appointees have been confirmed as not being debarred from holding director positions by SEBI or any other regulatory authority, ensuring compliance with corporate governance requirements.