Dixon Technologies is taking a significant step forward in its lighting business by forming a joint venture with Signify Innovations India, leading to the creation of Lightanium Technologies Private Limited. This new company, formed on June 26, 2025, will operate as a 50:50 joint venture and focus on the OEM (original equipment manufacturer) business of lighting products and accessories. The strategic move involves both partners bringing key assets to the table.
Dixon is transferring its entire lighting business and its 100% stake in its subsidiary, Dixon Technologies Solutions Private Limited (DTSPL), to Lightanium. In return, Dixon will receive 2.5 crore equity shares in the new JV, which will give it an 8.75% stake in the company. In addition to this, the larger chunk of Dixon’s lighting business is being transferred under a ‘slump sale’ arrangement for which the company will receive 11.53 crore shares, taking its total shareholding in the JV to 49.12%.
On the other side, Signify is bringing in its LED lighting manufacturing operations from its Vadodara plant. For this, Signify will invest ₹140.3 crore in the JV and will be allotted 14.03 crore shares—also amounting to a 49.12% stake in the new entity. Following the completion of these transactions, both Dixon and Signify will hold equal ownership of Lightanium Technologies.
The joint venture is expected to be finalized by November 30, 2025, subject to regulatory and contractual approvals. This collaboration is seen as a strategic fit for Dixon, as it strengthens its position in the lighting segment and supports its long-term growth plans in the Indian manufacturing ecosystem.
