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Business Standard
01-05-2025
- Business
- Business Standard
Dixon, Inventec form joint venture to manufacture PCs and servers in India
Electronics manufacturing services company Dixon Technologies has entered into a joint venture agreement with Taiwanese IT hardware giant Inventec Corporation for manufacturing personal computers, components and servers in India. The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and servers within India, according to a regulatory filing. "Dixon Technologies (India) Limited (Company) has on 30 April 2025 entered into a Joint Venture Agreement with Inventec Corporation and Dixon IT Devices Private Limited, (JV Company), a wholly owned subsidiary of the Company (JV Agreement) for governing inter-se relationship of the Company and Inventec Corporation in respect of operation and management of the JV Company," the filing said. Under the terms of the agreement, Dixon Technologies will hold a 60 per cent stake in the joint venture, while Inventec Corporation will own the remaining 40 per cent. The agreement includes provisions for board representation, with Dixon nominating three directors and Inventec two. "With Dixon's operational efficiency and local expertise and Inventec's technological prowess in the IT hardware segment, we shall be striving to produce high-quality products while driving technological innovation and contributing to the development of India's IT infrastructure. The partnership aligns with the Government of India's vision of promoting domestic manufacturing & self-reliance under the Make in India scheme," Dixon's Vice Chairman and Managing Director, Atul B. Lall said. Inventec President Jack Tsai said the partnership significantly enhances the firm's operational agility and service coverage within the Indian market. Inventec, established in 1975 and recognised as one of the world's top five PC original design manufacturers (ODMs), manufactures notebooks, desktops, all-in-one PCs, servers, and handheld devices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
30-04-2025
- Business
- Business Standard
Taiwan-based firm Inventec Corporation enters India with Dixon tie up
The new JV will set up a separate plant in Kancheepuram, Tamil Nadu, with an annual capacity of 2 million laptops and notebooks Surajeet Das Gupta New Delhi Listen to This Article Taiwanese original design manufacturer giant Inventec Corporation is entering India through a joint venture (JV) with Dixon Technologies (India) to manufacture notebook personal computers (PCs), desktop PCs, desktop PC components, and servers. In a stock exchange filing, Dixon said it will hold a 60 per cent stake in the JV, while the remaining 40 per cent will be owned by the Taiwanese company, which has over $20 billion in annual revenue. As part of the arrangement, Dixon will appoint three directors to the board, while its JV partner will appoint two. The new JV will set up a separate plant
Business Standard
30-04-2025
- Business
- Business Standard
Dixon Tech inks JV pact with Inventec Corp for manufacturing PC products in India
Dixon Technologies (India) said that it has entered into a joint venture agreement with Inventec Corporation and Dixon IT Devices for governing the relationship of the company and Inventec in respect of operation and management of the JVC. The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India. Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis. "The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business, Dixon Tech said in a statement. Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The companys consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25. The scrip fell 1.62% to currently trade at Rs 16344 on the BSE.
