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Dixon Technologies is set to acquire a 51% stake in Kunshan Q Tech Microelectronics India for ₹553 crore. The deal will be wrapped up within 90 days, pending approvals.
Dixon is one of India’s biggest electronics manufacturers, churning out everything from TVs to smartphones for global brands. Q Tech India makes camera and fingerprint modules for mobiles, IoT devices, and cars, clocking a turnover of nearly ₹198 crore in FY25.
The deets: Dixon will buy ₹428 crore worth of shares from Q Tech’s Singapore and international arms, while also subscribing to ₹125 crore in fresh shares. Post-deal, Dixon will hold the majority 51% stake.
Why it matters: the move boosts Dixon’s backward integration in mobile and IoT manufacturing, unlocking tech transfer synergies and quicker time-to-market. It’s also a step closer to Dixon’s ambition of being a key enabler in India’s electronics ecosystem.
Zoom out: globally, camera modules are already a $40+ billion business and are expected to nearly double over the next decade. India, which once relied heavily on imports, saw demand dip between 2020 and 2024 but has started recovering in the last year.
With government schemes like the Production Linked Incentive, local players are now ramping up production to cut dependence on imports.
