September 17, 2025 – Dixon Technologies (India) Limited, one of India’s largest electronics manufacturing services companies, has announced a strategic move to acquire a majority stake in Kunshan Q Tech Microelectronics (India) Pvt. Ltd., strengthening its position in smartphone, IoT, and automotive component manufacturing.
The company has entered into a Share Subscription and Purchase Agreement (SSPA) with Q Technology (Singapore) and Kunshan Q Technology International to acquire 51% of the paid-up share capital of Kunshan Q Tech India.
Deal Structure
- Share Purchase: Dixon will purchase 16.15 million equity shares for ₹4,280 crore from the existing shareholders.
- Share Subscription: Dixon will additionally subscribe to 4.71 million fresh equity shares for ₹1,250 crore.
- Total Investment: The combined outlay is approximately ₹5,530 crore.
Following this transaction, Dixon will own 51% stake, while Q Tech Singapore will retain the remaining 49%, turning Kunshan Q Tech India into a joint venture.
About Kunshan Q Tech India
- Incorporated in 2019, the company is engaged in manufacturing camera and fingerprint modules for smartphones, IoT systems, and automotive applications.
- FY 2024-25 turnover: ₹1,977 crore
- Net worth (as of March 31, 2025): -₹274 crore
Despite financial challenges, the business holds significant potential due to strong demand for advanced imaging and biometric modules in consumer and automotive electronics.
Strategic Significance
Dixon said the acquisition is in line with its long-term vision to build a globally competitive electronics ecosystem in India. The move will:
- Enhance backward integration in smartphone and IoT manufacturing.
- Drive technology transfer and synergies with Q Tech.
- Support India’s ambition of becoming a global hub for electronics production.
The transaction is subject to regulatory and statutory approvals, with completion expected within 90 days of signing the agreement
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