This hypergrowth company could be the next trillion-dollar stock

livemint.com:

hyper-growth stocks in India, a few names consistently pop up on investors' radars. One company that has grabbed headlines is Dixon Technologies, and it’s easy to see why. As India’s economy booms and Production Linked Incentive (PLI) schemes provide tailwinds, Dixon has emerged as a frontrunner in the Indian manufacturing story.

From its early days as a company initially focused on a single product—LED televisions—Dixon has evolved into a multifaceted powerhouse in the Indian electronic manufacturing services (EMS) market. It now has the scale and expertise required to compete globally. But what exactly makes Dixon Technologies stand out? Dixon Technologies isn’t a household name like Samsung, Panasonic, or Philips.

However, there is a good chance that one of the products in your home has rolled off its assembly line. Dixon is India's largest home-grown contract manufacturer, manufacturing LED TVs, lighting products, semi-automatic washing machines, mobile phones and now IT hardware. While these products carry big-name brands, Dixon is the engine behind their production.

Contract manufacturing is when a company - like Samsung or Motorola - outsources its manufacturing to a third-party company like Dixon. But why don't these brands make it themselves? For the simple reason that big brands want to focus on innovation, marketing and customer experience while Dixon takes care of the nitty-gritty of production. Dixon operates on two different models: the OEM (Original Equipment Manufacturer) model and the ODM (Original Design Manufacturer) model.