>DaxServer at 15:22, 22 August 2021

2021-08-22T15:22:43Z

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{{Infobox company
| name = Deepak Nitrite Ltd
| logo =
| logo_size =
| logo_alt =
| type = [[Public company|Public]]
| traded_as = {{plainlist|
*{{BSE|506401}}
*{{NSE|DEEPAKNTR}}}}
| ISIN = INE288B01029
| industry = [[Chemical industry|Chemicals]]
| foundation = {{start date and age|1970}}
| founder = Chimanlal Khimchand Mehta<ref name=":2" />
| location_city = [[Baroda]], [[Gujarat]]
| location_country = India
| key_people =
*Deepak Chimanlal Mehta<br>([[Chairman]])<ref name=":2" />
*Maulik Deepak Mehta ([[CEO]])<ref name=":2" />
*Ajay C. Mehta<br>([[Managing Director]])<ref>{{Cite web|last=Ministry of Environment,Forest and Climate Change Government of India|title=Deepak nitrite|url=http://www.environmentclearance.nic.in/writereaddata/FormB/TOR/PFR/15_Nov_2018_124938050XMXFJR8WFinalPFRDeepaknitrite.pdf|url-status=live|archive-url=https://web.archive.org/web/20210427152812/http://www.environmentclearance.nic.in/writereaddata/FormB/TOR/PFR/15_Nov_2018_124938050XMXFJR8WFinalPFRDeepaknitrite.pdf|archive-date=2021-04-27|access-date=2021-04-27}}</ref>
| products = {{hlist|
[[Acetone]] |[[Agrochemicals]] |[[detergents]] |[[Dyes]] |[[Pigments]] |[[Pharmaceutical intermediates]] |[[Rubber]] |Fuel Additives}}
| revenue = {{increase}} {{INRConvert|4229|c}} (2020)<ref name=":0">{{Cite web|title=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|url=https://www.moneycontrol.com/india/stockpricequote/chemicals/deepaknitrite/DN|access-date=2021-03-01|website=www.moneycontrol.com|language=en}}</ref>
| operating_income =
| net_income = {{increase}} {{INRConvert|611|c}} (2020)<ref name=":0" />
| assets = {{increase}} {{INRConvert|3208|c}} (2020)<ref name=":0" />
| equity =
| owner =
| num_employees =
| homepage = {{Url |www.godeepak.com/}}
}}

'''Deepak Nitrite Ltd.''' is an Indian [[Chemical substance|chemical]] manufacturing company. Its manufacturing facilities are located at [[Nandesari]] and [[Dahej]] in [[Gujarat]], [[Roha]] and Taloja in [[Maharashtra]] and [[Hyderabad]] in [[Telangana]].<ref name=":4">{{Cite news|title=Deepak Nitrite Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/deepak-nitrite-136/information/company-history|url-status=live|access-date=2021-03-01|archive-url=https://web.archive.org/web/20210301182931/https://www.business-standard.com/company/deepak-nitrite-136/information/company-history|archive-date=2021-03-01}}</ref> The company produces a spectrum of chemicals, including [[Agrochemical|Agrochemicals]], [[Colourant|Colourants]], [[Rubber]], [[Medication|Pharmaceuticals]], Speciality & Fine chemicals.<ref name=":1">{{Cite web|title=Deepak Nitrite: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Deepak Nitrite - NDTV|url=https://www.ndtv.com/business/stock/deepak-nitrite-ltd_deepakntr/reports|url-status=live|archive-url=https://web.archive.org/web/20190827011402/https://www.ndtv.com/business/stock/deepak-nitrite-ltd_deepakntr/reports|archive-date=2021-03-06|access-date=2021-03-06|website=www.ndtv.com|language=en}}</ref> Deepak Mehta is the chairman of the company and his son Maulik Mehta is the CEO.<ref>{{Cite web|title=Deepak Mehta|url=https://www.forbes.com/profile/deepak-mehta/|url-status=live|archive-url=https://web.archive.org/web/20210427152124/https://www.forbes.com/profile/deepak-mehta/?sh=7ce08f047e05|archive-date=2021-04-27|access-date=2021-04-27|website=Forbes|language=en}}</ref>

== History ==
The founder of the company Chimanlal Khimchand Mehta(father of Deepak Mehta) was the known chemical trader. The company was incorporated in March 1970.<ref name=":2">{{Cite web|title=Deepak Nitrite|url=https://www.forbes.com/companies/deepak-nitrite/|url-status=live|archive-url=https://web.archive.org/web/20210427152031/https://www.forbes.com/companies/deepak-nitrite/?sh=748443e3dd6e|archive-date=2021-04-27|access-date=2021-04-27|website=Forbes|language=en}}</ref>

Sodium Nitrite & Nitrate Plants were commissioned at [[Nandesari|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.<ref name=":1" /><ref name=":3">{{Cite web|title=Deepak Nitrite History {{!}} Deepak Nitrite Information - The Economic Times|url=https://economictimes.indiatimes.com/deepak-nitrite-ltd/infocompanyhistory/companyid-13838.cms|url-status=live|archive-url=https://web.archive.org/web/20210420140940/https://economictimes.indiatimes.com/deepak-nitrite-ltd/infocompanyhistory/companyid-13838.cms|archive-date=2021-04-20|access-date=2021-04-20|website=economictimes.indiatimes.com}}</ref>

The company held its [[Initial public offering]] (IPO) in 1971.<ref name=":3" /> The IPO oversubscribed by 20 times.

In 1984 company acquire Sahyadri Dyestuffs & Chemicals unit from ''Mafatlal Industries''.<ref>{{Cite web|title=Deepak Nitrite|url=https://www.bseindia.com/downloads/ipo/20173318579DEEPAK_NITRITE_PD.pdf#page=85|url-status=live|archive-url=https://web.archive.org/web/20210427175633/https://www.bseindia.com/downloads/ipo/20173318579DEEPAK_NITRITE_PD.pdf|archive-date=2021-04-27|access-date=2021-04-27|website=Bombay Stock Exchange}}</ref>

Company established Hydrogenation Plant at Taloja, [[Maharashtra]] in 1995.<ref>{{Cite web|title=Deepak NItrite|url=https://www.godeepak.com/wp-content/themes/twentysixteen/pdf/PC_Corporate_Presentation_Latest_29_June_2020.pdf|url-status=live|archive-url=https://web.archive.org/web/20210427172134/https://www.godeepak.com/wp-content/themes/twentysixteen/pdf/PC_Corporate_Presentation_Latest_29_June_2020.pdf|archive-date=2021-04-27|access-date=2021-04-27}}</ref>

The company acquired ''management and control of Aryan Pesticides Limited, [[Roha]]'' and ''DASDA Division of Vasant Chemicals, [[Telangana]]'' in 2003 and 2007 respectively.<ref>{{Cite news|last=STANDARD|first=BUSINESS|date=2002-09-06|title=Deepak Nitrite Takes Control Of Aryan Pesticides|work=Business Standard India|url=https://www.business-standard.com/article/companies/deepak-nitrite-takes-control-of-aryan-pesticides-102090601044_1.html|access-date=2021-04-27}}</ref><ref>{{Cite news|last=Bureau|first=Our Regional|date=2006-08-25|title=Deepak Nitrite buys Vasant Chem's DASDA biz|work=Business Standard India|url=https://www.business-standard.com/article/companies/deepak-nitrite-buys-vasant-chem-s-dasda-biz-106082500042_1.html|access-date=2021-04-27|archive-url=https://web.archive.org/web/20210427173811/https://www.business-standard.com/article/companies/deepak-nitrite-buys-vasant-chem-s-dasda-biz-106082500042_1.html|archive-date=2021-04-27}}</ref>

In 2015, The company promoted ''Deepak Phenolics Limited'' for manufacturing of Phenol & Acetone at [[Dahej]], [[Gujarat]].<ref>{{Cite news|title=Deepak Nitrite Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/deepak-nitrite-136/information/company-history|access-date=2021-04-27}}</ref>

== See also ==

* [[Gujarat Alkalies and Chemicals Limited]]

== References ==
{{Reflist}}
==External Links==
*{{url|www.godeepak.com|Official site}}

[[Category:Manufacturing companies of India]]
[[Category:1970 establishments in Gujarat]]
[[Category:Companies based in Vadodara]]
[[Category:Manufacturing companies established in 1970]]
[[Category:Indian companies established in 1970]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Deepak Nitrite - Revision history

>DaxServer at 15:22, 22 August 2021