Dixon Technologies to acquire controlling stake in Q Tech India; forms JV with a Chinese firm

Dixon Technologies Ltd signed a binding term sheet to acquire a 51% stake in Kunshan Q Tech Microelectronics, the electronic manufacturing company on Tuesday, July 15.

The proposed deal will be made through a combination of primary and secondary investments, for collaboration in the manufacturing and supply of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications.

"The proposed acquisition is subject to signing of definitive agreements, receipt of regulatory approvals, if any, and completion of customary conditions precedent,” the filing stated.

The acquisition will allow Dixon to access advanced technology, high-precision manufacturing capabilities, and a specialised talent pool to enable its expansion in India’s electronics component industry.

Q Tech India offers services across IT support, cybersecurity, home automation, and web development.

Commenting on the acquisition, Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies, said: “Acquiring majority stake in Qtech India is a major step forward in Dixon’s journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the Company. The proposed acquisition of a majority stake in Q Tech India aligns with our long-term vision to be a leading enabler in India’s electronics manufacturing ecosystem by combining Q Tech’s technological expertise with Dixon’s manufacturing scale and operational excellence. This collaboration is a testament to our commitment to technological excellence, self-reliance, deepening of component ecosystem and delivering greater value to our global and domestic partners.”

“We are confident that this strategic alliance will unlock significant synergies, accelerate technology transfer, and enable faster go-to-market solutions. It represents not just a business opportunity, but a shared vision for innovation, quality, and long-term growth,” Lall added.

Dixon Tech forms prospective joint ventures with Chinese firm

In a separate filing, Dixon Technologies said that it has inked a pact with Chongqing Yuhai Precision Manufacturing Co. Ltd. to form a prospective joint venture (JV) in India,

Dixon will hold 74% of the total paid-up share capital of the JV, while Chingqing will hold the remaining 26% stake.

The JV is being established for the manufacturing and supplying of precision components for laptops, mobile phones, IoT, automotive and any other products, the filing said.

Commenting on the JV, Atul B. Lall said: “We are delighted to announce our strategic collaboration with Chongqing Yuhai Precision Manufacturing Co. Ltd., a global leader in mechanical enclosures, through a prospective Joint Venture. This Joint venture with Chongqing will focus on manufacturing precision mechanical & metal parts & components for a wide range of applications, including laptops, mobiles, IOT, automotive, which is a significant step in our effort towards localisation of key components, deepening backward integration in Dixon's value chain & supporting the Make in India initiative of the Government.”

“We look forward to combining Chongqing’s deep technical expertise with Dixon’s robust manufacturing infrastructure and customer access. This will mark a significant step forward in our continued journey to strengthen India’s electronics manufacturing ecosystem through high-precision components and advanced technologies. We look forward to mutually enriching this relationship that creates long-term value for our customers and stakeholders," he added.

Shares of Dixon Technologies closed 0.59% lower at ₹15,804 apiece on the National Stock Exchange (NSE) on Tuesday. However, the announcements were made after the market closed.

Dixon Technologies has a total market capitalisation of ₹95,578.92 crore, as of July 15, 2025, as per data on the NSE.