Synopsis : Dixon Technologies and Signify Innovations have launched Lightanium Technologies, a 50:50 joint venture, to realign and strengthen their lighting business in India. This move comes as Dixon’s Chinese partnerships face government scrutiny under Press Note 3 regulations.
Dixon Technologies and Signify Innovations have taken a decisive step in India’s lighting industry by forming Lightanium Technologies, a 50:50 joint venture set to reshape the OEM lighting products landscape. The collaboration, aimed at strategic realignment of Dixon’s lighting operations, comes as its agreements with Chinese component manufacturers face closer examination under India’s Press Note 3 scrutiny.
The joint venture, Lightanium Technologies Private Limited, will handle the OEM business of lighting products and accessories, consolidating Dixon’s lighting operations and Signify’s LED manufacturing capabilities at Vadodara. In a regulatory filing, Dixon confirmed the transfer of its entire stake in Dixon Technologies Solutions Private Limited as part of the transaction.
Dixon will acquire a 40.37% stake in Lightanium Technologies by transferring its lighting business undertaking as non-cash consideration, receiving over 11.53 crore equity shares in the JV. The transaction is expected to close by November 30, 2025, positioning both companies to leverage India’s growing demand for advanced lighting solutions while strengthening local manufacturing.
While the Lightanium partnership marks a significant milestone, Dixon’s recent tie-ups with Chongqing Yuhai Precision Manufacturing and Kunshan Q Technology’s Indian subsidiary have drawn attention from the government. Reports indicate these Chinese agreements will undergo a review under the Press Note 3 framework, ensuring due diligence amid rising concerns around foreign investments in sensitive sectors.
The Lightanium venture is seen as a proactive step by Dixon to reinforce its commitment to the ‘Make in India’ initiative while maintaining resilience against geopolitical and regulatory challenges. The collaboration is expected to enhance manufacturing excellence, operational agility, and the companies’ collective presence in India’s competitive lighting ecosystem.
Disclaimer : This article is for informational purposes only and does not constitute investment, legal, or regulatory advice. Readers should verify details with official filings before making decisions based on this content.
