Dixon Technologies has formally consummated the Joint Venture (JV) agreement, originally announced on February 14, 2026, with Longcheer Intelligence and Dixtel Infocom Private Limited. The transaction, completed on March 3, 2026, involved mutual investments. As a result, Dixon now holds a 74% stake, while Longcheer secures a 26% share in the JV Company on a fully diluted basis, marking a strategic shift for the original wholly owned subsidiary.
JV Transaction Consummation and Investment
Dixon Technologies (India) Limited announced the finalization of the transaction related to the Joint Venture (JV) Agreement established with Longcheer Intelligence Pte. Ltd. and Dixtel Infocom Private Limited. The consummation of this deal occurred today, March 3, 2026.
As part of the agreement, both parties made definitive investments into the JV Company, referred to as the Target Company:
- Dixon Technologies: Invested INR 7.39 Crores.
- Longcheer Intelligence: Invested INR 2.60 Crores.
These investments resulted in the acquisition of equity shares: Dixon acquired 73,90,000 equity shares, and Longcheer acquired 26,00,000 equity shares, each with a face value of INR 10/-.
Resulting Shareholding Structure
Following the investment, the ownership structure of the JV Company has been altered significantly from its previous status as a Wholly Owned Subsidiary of Dixon:
- Dixon now holds 74% of the total issued and paid-up share capital.
- Longcheer now holds 26% of the total issued and paid-up share capital (calculated on a fully diluted basis).
The total cost of acquisition for Dixon in the Target Company was INR 7.39 Crores.
Target Company Profile (Dixtel Infocom Private Limited)
The Target Company is a Private Limited Company incorporated on September 20, 2023, under the Companies Act, 2013, and operates in India. Its authorized share capital is INR 12 Crores, with a paid-up capital of INR 10 Crores.
Business Focus
The Target Company is primarily engaged in the business of manufacture and supply of smart phone/tablets, true wireless stereo, smart watch, AI PC, automotive electronics, healthcare devices, etc.
Strategic Rationale
This collaboration is expected to introduce key advancements, especially in Original Design Manufacturer (ODM) expertise, and will accelerate the localisation of non-semiconductor sub-component manufacturing in India.
Financial Snapshot
Since its incorporation in September 2023, the turnover for the Target Company has been minimal:
- FY 2022-23: Not applicable (incorporated late in the year).
- FY 2023-24: Nil Turnover (in Crores).
- FY 2024-25: Nil Turnover (in Crores).
The net worth of the Target Company as of December 31, 2025, was reported as INR (1.89) Lakhs.
Source: BSE
