Deepak Nitrite Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Deepak Nitrite?

Deepak Nitrite Ltd. is a prominent player in the Indian chemical industry, offering a diverse range of products and services across various sectors. The company operates through two primary segments: Advanced Intermediates and Phenolics.

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1. Advanced Intermediates:

  • Sodium Nitrite and Sodium Nitrate: Used in various applications including pharmaceuticals, dyes, and rubber chemicals.
  • Fuel Additives and Nitro Toluidines: Enhance fuel efficiency and performance.
  • Nitrosyl Sulphuric Acid and Xylidines: Utilized in the production of agrochemicals and other industrial chemicals.
  • Oximes, Cumidines, and Specialty Agrochemicals: Serve the agrochemical industry with high-performance products.
  • Optical Brightening Agents (OBA) and Diamino Stilbene Disulfonic Acid (DASDA): Used in the paper and textile industries to enhance product brightness and whiteness.

2. Phenolics:

  • Cumene, Phenol, and Acetone: Essential in the manufacture of resins, plastics, and other industrial applications.
  • Isopropyl Alcohol (IPA) and Ammonium Sulfate (AMS): Used in various industries including pharmaceuticals and agriculture.

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Industry Applications

  • Deepak Nitrite's products cater to multiple industries such as:
  • Colorants, Rubber Chemicals, Explosives, and Dyes
  • Pigments, Food Colors, and Pharmaceuticals
  • Diesel Blending, Agrochemicals, and Glass
  • Personal Care, Paper, Detergents, and Textiles
  • Laminates, Plywood, Adhesives, Paints, Automotive, and Plastics

Manufacturing Facilities

  • The company's manufacturing facilities are strategically located in:
  • Nandesari and Dahej in Gujarat
  • Roha and Taloja in Maharashtra
  • Hyderabad in Telangana

Question 2: Who are the promoters of Deepak Nitrite?

1. Shri C.K. Mehta: Founder of Deepak Nitrite, he is credited with laying the foundation of the company and spearheading its initial growth.

1. D.C. Mehta: Chairman & Managing Director. With over 40 years of experience, he has led the company through significant growth phases.

2. Sanjay Upadhyay: Director – Finance & Group CFO. A qualified Cost Accountant and Company Secretary, he oversees risk management, governance, and financial performance.

3. Girish Satarkar: Executive Director. With over 34 years of experience in the chemical industry, he focuses on business operations, risk management, and corporate governance.

4. A.C. Mehta: Non-Executive Director. He brings extensive experience and industry insight, having been associated with the company since 1984.

5. Meghav Mehta: Non-Executive Director. Specializing in Material Science Technology and Alternative Energy, he leads multiple digital transformation initiatives within the group.

6. Sanjay Asher: Independent Director. A senior partner at Crawford Bayley & Co, he specializes in corporate and commercial law, M&A, and capital markets.

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7. Purvi Sheth: Independent Director. With expertise in Strategic HR management, she enhances business performance through advanced leadership processes.

8. Dileep C. Choksi: Independent Director. A chartered accountant specializing in business succession, tax advisory, and corporate restructuring.

9. Punit Lalbhai: Independent Director. Executive Director at Arvind Ltd, focusing on sustainability, innovation, and corporate social responsibility.

10. Vipul Shah: Independent Director. Chief Operating Officer, Petrochemicals at Reliance Industries Limited, with a strong background in chemical engineering and polymer science.

Question 3: Who are the clients of Deepak Nitrite?

Deepak Nitrite serves a diverse range of clients:

  • Royce Associates: Engages primarily in sodium nitrite and related chemical products.
  • Eurenco: Deals with nitrates and other industrial chemicals.
  • The Goodyear Tire & Rubber Company: Uses chemicals for tire and rubber manufacturing.
  • The Lubrizol Corporation: Involves in chemicals for various industrial applications.
  • 3V Sigma USA Inc.: Procures raw materials and chemical intermediates.

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