India wants to become a global manufacturing hub. Make in India, Aatmanirbhar Bharat and other slogans reflect this dream. There are a number of leaders who are pushing forward India’s manufacturing story. However, there is one business honcho who is more often than not below the media radar but is perhaps one of the most important entrepreneurs scripting a growth story: Dixon Technologies founder Sunil Vachani.
The Noida-based electronics manufacturing company is arguably the most crucial name in India’s electronics space. It is one of the biggest players in smartphone manufacturing, which has put India on the radar of global giants such as Samsung.
It all started in the early 1990s when the country was sloughing off its socialist past. With money borrowed from his father, Vachani set up an assembly unit for television sets. The journey from there was slow, but steady.
However, the promotion to the premier league took place only in 2016 when Vachani pivoted to mobile phone manufacturing. In a year where India’s overall exports contracted 3%, electronic goods exports rose 23.6% in the 2023–24, driven by mobiles.
Year of Hypergrowth
This story is from the December 2024 edition of Outlook Business.
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This story is from the December 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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