NEW DELHI, NOIDA, INDIA -- Dixon Technologies, already one of India's largest domestic EMS companies, has set a revenue goal of Rs 5,000 crore (about $780 million) by 2021.

The company, which is set to go public next month, currently has annual revenues of Rs 2400 crore ($375 million).

The company is growing more than 20% per year and has set a sales goal of 3,500 crore (about $550 million) for fiscal 2018.

In its previously announced IPO, Dixon said it hopes to raise Rs 700 crore ($110 million), which it will use to fund expansion. Dixon currently operates six electronics assembly plants in India, with plans for a seventh in Tirupati, Andhra Pradesh.

Dixon builds for a variety of end-markets including mobile phones, white goods, LED TVs and other LED lighting. It plans to add plastic-injection molding and sheet metals capacity following the IPO.

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