Upstart rises 824% as founder bets on making phones

As India is poised to become a major manufacturer of smartphones under the Modi administration, Vachani's Dixon Technologies gears up deliver on that demand. — Bloomberg

Almost three decades ago, Sunil Vachani borrowed US$35,000 (RM142,150) so he could start making 14-inch television sets in a rented shed outside New Delhi.

It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.