Lighting Up the Future: Dixon and Signify Spark JV to Power India’s OEM Revolution

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In a strategic move to power India's lighting manufacturing ecosystem, Dixon Technologies (India) Ltd has officially incorporated a 50:50 joint venture with Signify Innovations India Ltd, the Indian operation of world leader in lighting, Signify (formerly Philips Lighting). The new entity, Lightanium Technologies Private Limited, will emerge as a major player in the original equipment manufacturing (OEM) of lighting items and accessories.

Key Highlights:

The JV was established on June 26, 2025, with Dixon and Signify having an equal equity.

Dixon has put in ₹2.5 crore by subscribing to 25 lakh face value equity shares, while Signify has put money in the form of cash infusion.

The company's main business will be manufacturing LED bulbs, downlights, battens, strips, and other light fittings for Signify and third-party brands.

Strategic Reasoning

The partnership unites Dixon's production capacity with Signify's global experience in lighting technology.

It is consistent with India's Make in India and Atmanirbhar Bharat initiatives of import dependence reduction and domestic value addition.

The JV shall be autonomous since there are no cross-holding in the parent firms, thereby ensuring operational autonomy.

Market Outlook:

Indian lighting market shall expand at a CAGR of more than 9% during 2030, promoted by smart city initiatives and energy-efficient replacements.

This JV places both companies to gain a larger share of the evolving OEM market, particularly in the B2B and export markets.

Sources: Business Upturn, CNBC-TV18, Times of India, Signify Global Newsroom, Angel One Newsroom