Indian chemical manufacturer
Deepak Nitrite Ltd Company type Public ISIN INE288B01029 Industry Chemicals Founded 1970; 54 years ago (1970 ) Founder Chimanlal Khimchand Mehta[1] Headquarters , India
Key people
Products Revenue ₹ 8,019 crore (US$960 million) (FY23)[2] ₹ 852 crore (US$100 million) (FY23)[2] Total assets ₹ 3,208 crore (US$380 million) (2020)[3] Subsidiaries Deepak Phenolics Website www .godeepak .com
Deepak Nitrite Ltd. is an Indian chemical manufacturing company. The company’s manufacturing facilities are located at Nandesari and Dahej in Gujarat , Roha and Taloja in Maharashtra and Hyderabad in Telangana .[4] Deepak Nitrite produces a spectrum of chemicals, including agrochemicals , colourants , rubber , pharmaceuticals , speciality and fine chemicals .[5] Deepak Mehta is the chairman of the company and his son Maulik Mehta is the chief executive officer .[6]
History
The founder of the company Chimanlal Khimchand Mehta (father of Deepak Mehta) was the known chemical trader in Jain family of Gujarat. The company was incorporated in March 1970.[1]
Sodium nitrite and nitrate plants were commissioned at Nadesari , Vadodara , Gujarat and production started in 1972. The plant produces chemicals like sodium nitrite , sodium nitrate and other allied chemicals, dyes, hexamethylene tetramine and dyes intermediates.[5] [7]
The company held its Initial public offering (IPO) in 1971.[7] The IPO oversubscribed by 20 times.
In 1984 company acquire Sahyadri Dyestuffs & Chemicals unit from Mafatlal Industries .[8]
Company established Hydrogenation Plant at Taloja, Maharashtra in 1995.[9]
The company acquired management and control of Aryan Pesticides Limited, Roha and DASDA Division of Vasant Chemicals, Telangana in 2003 and 2007 respectively.[10] [11]
In 2015, The company promoted Deepak Phenolics Limited for the manufacturing of phenol & acetone at Dahej , Gujarat .[12] Deepak Phenolics is a subsidiary of Deepak Nitrate.[13] Deepak Phenolics manufactures pharmaceutical grade isopropyl alcohol (IPA) and acetone.[14] [15] The company is also planning on producing downstream products of phenol and acetone.[16]
In 2021, Deepak Mehta stated that the company also has hydrogenation capabilities, and are also looking to add fluorination to their chemical offerings.[17]
See also
References
^ a b c d "Deepak Nitrite" . Forbes . Archived from the original on 27 April 2021. Retrieved 27 April 2021 .
^ a b "Deepak Nitrite Ltd posts QoQ increase in Q4FY23 Consolidated net profit to Rs. 233.86 crores" . EquityBulls . 11 May 2023. Retrieved 6 July 2023 .
^ "Deepak Nitrite Share Price, Deepak Nitrite Stock Price, Deepak Nitrite Ltd. Stock Price, Share Price, Live BSE/NSE, Deepak Nitrite Ltd. Bids Offers. Buy/Sell Deepak Nitrite Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes" . www.moneycontrol.com . Retrieved 1 March 2021 .
^ "Deepak Nitrite Ltd" . Business Standard India . Archived from the original on 1 March 2021. Retrieved 1 March 2021 .
^ a b "Deepak Nitrite: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Deepak Nitrite - NDTV" . www.ndtv.com . Archived from the original on 27 August 2019. Retrieved 6 March 2021 .
^ "Deepak Mehta" . Forbes . Archived from the original on 27 April 2021. Retrieved 27 April 2021 .
^ a b "Deepak Nitrite History | Deepak Nitrite Information - The Economic Times" . economictimes.indiatimes.com . Archived from the original on 20 April 2021. Retrieved 20 April 2021 .
^ "Deepak Nitrite" (PDF) . Bombay Stock Exchange . Archived (PDF) from the original on 27 April 2021. Retrieved 27 April 2021 .
^ "Deepak NItrite" (PDF) . Archived (PDF) from the original on 27 April 2021. Retrieved 27 April 2021 .
^ STANDARD, BUSINESS (6 September 2002). "Deepak Nitrite Takes Control Of Aryan Pesticides" . Business Standard India . Retrieved 27 April 2021 .
^ Bureau, Our Regional (25 August 2006). "Deepak Nitrite buys Vasant Chem's DASDA biz" . Business Standard India . Archived from the original on 27 April 2021. Retrieved 27 April 2021 .
^ "Deepak Nitrite Ltd" . Business Standard India . Retrieved 27 April 2021 .
^ Press Trust of India (23 April 2020). "Deepak Nitrite Subsidiary Deepak Phenolics Commences Commercial Production of IPA Used in Pharmaceuticals and Manufacturing of Sanitizers" . Business Standard India . Retrieved 25 July 2022 .
^ Deepak Nitrite Limited (11 August 2020). "Deepak Nitrite reports a resilient performance amidst CoVID-19 uncertainties" . PR Newswire . Retrieved 25 July 2022 .
^ Jauhari, Ujjval (25 August 2021). "Deepak Nitrite sees improved prospects driven by phenolics" . mint . Retrieved 25 July 2022 .
^ Deepak Nitrite Limited (3 August 2021). "Deepak Nitrite Limited's PAT rises to 206% on a Y-o-Y basis" . PR Newswire . Retrieved 25 July 2022 .
^ ET Now (4 August 2021). "Aim to be most competitive player in chemical sector: Deepak Nitrite" . The Economic Times . Retrieved 3 May 2022 .
External links