Dixon Technologies (India) Limited has officially entered into a joint venture agreement with Signify Innovations India Limited. This new venture will be structured as an equal partnership, with both entities holding a 50% share in the to-be-formed joint venture company (JV Co.). The JV will be domestically based and will focus on original equipment manufacturing (OEM) of lighting products and accessories.
As part of the arrangement, Dixon will contribute its lighting business and full ownership in Dixon Technologies Solutions Private Limited, while Signify will invest through cash.
The collaboration seeks to combine Dixon’s strong manufacturing and operational capabilities with Signify’s established leadership in the lighting sector. This alliance is expected to significantly enhance Dixon’s presence and strategic position within the Indian lighting ecosystem. The joint effort aligns with both companies’ long-term goals and will allow them to leverage mutual strengths for innovation and growth in the OEM lighting market.
The joint venture is anticipated to be finalised by 30th November 2025, pending fulfilment of standard conditions. Notably, the 2 parent companies will not hold stakes in each other, ensuring independent operations. Once operational, the JV Co. will be jointly controlled, and all financial terms, including valuation and share acquisition details, will be mutually agreed upon in line with applicable laws.
Read more: Dixon Technologies Q4 FY25 Earnings Results: Profit Surges 379% YoY to ₹465 Crore!
As of June 13, 2025, at 12:11 PM, Dixon Technologies share price is trading at ₹14,268 per share, reflecting a decline of 1.72% from the previous day's closing price. Over the past month, the stock has declined by 12.03%. The stock's 52-week high stands at ₹19,148.90 per share, while its low is ₹10,354.40 per share.
The joint venture between Dixon Technologies and Signify Innovations India marks a strategic step towards strengthening Dixon’s footprint in the lighting manufacturing sector.
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Published on: Jun 13, 2025, 1:46 PM IST
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