- Corporate Overview
- Corporate Information
- Approach to Reporting
- Introduction to the Theme
- About Deepak Group
- Manufacturing Prowess
- Highlights of the Year
- Performance Review
- Message from Chairman and Managing Director
- Message from Executive Director & CEO-DNL
- Message from Executive Director & CEO-DCTL
- Message from Executive Director & CEO-DPL
- Performance Scorecard
- Investment Case
- Operating Context
- Our Expansion Initiatives
- Corporate Information
- Creating Value
- Statutory Reports
- Financial Statements
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Remembering our Founder
Shri C.K. Mehta,
Our Founder & Chairman Emeritus April 6, 1932 to July 3, 2023
ABOUT DEEPAK GROUP
Excellence in Chemistry. Trusted Globally.
Deepak Group is one of India’s leading manufacturers of Advanced Intermediates and Phenolics Chemicals.
Message from the Chairman & Managing Director
The global economy in FY 2024-25 is navigating a cautious yet resilient path. Growth remains uneven where advanced economies are stabilizing at lower rates, while emerging markets, especially in Asia, continue to drive global momentum.
Deepak C. Mehta Chairman & Managing Director
Message from Executive Director & CEO-DNL
In the global context, the continuing trade tensions between the United States and China have profoundly reshaped the global chemical industry. US tariffs on Chinese imports have caused significant supply chain disruptions, leading to higher costs and market fragmentation.
Maulik Mehta Executive Director & CEO
Message from Executive Director & CEO-DCTL
Our performance in FY 2024-25 reflects the early-stage nature of our projects and signalling our transition into commercial operations. This reflects our current investment phase prioritizing long-term projects.
Meghav MehtaExecutive Director & CEO
Message from Executive Director & CEO-DPL
Demand for phenolic chain products is further supported by its widespread use in paints and coatings, adhesives, pharmaceuticals, laminates, and speciality products.
Kishor Jhalaria Executive Director & CEO
HIGHLIGHTS OF THE YEAR
Value-Creation Highlights FY 2024-25
FINANCIAL CAPITAL
Financial capital represents the funds acquired by a Company from capital providers.
VALUE CREATED
₹5,389 Crores
Net worth
₹102 Crores
Dividend for FY 2024-25
MANUFACTURED CAPITAL
Manufactured capital includes the tangible and intangible assets and infrastructure of the Company.
VALUE CREATED
14.61 Mn
Manhours without lost time incident at Phenolics facility
333 KT
Phenol Production
34+
High Quality Products
HUMAN CAPITAL
Human capital comprises the collective talent, skills, and experience of our workforce – the driving force behind our success.
VALUE CREATED
1,00,000+
Manhours of training imparted
NIL
Labour unrest incidents
₹392 Crores
Salaries and wages paid
INTELLECTUAL CAPITAL
Intellectual capital reflects our proprietary knowledge, innovations, and technical expertise that strengthen our offerings.
VALUE CREATED
22
Total Patents granted
77
Cumulative Patent applications filed
SOCIAL & RELATIONSHIP CAPITAL
Our relationships with stakeholders and communities are central to our long-term success.
VALUE CREATED
7,00,000+
Lives improved through our CSR initiatives during the year
1,500+
Customers across 50+ countries
3,000+
Suppliers
NATURAL CAPITAL
We acknowledge the role of natural resources in our operations and are committed to minimising our ecological footprint through the integration of sustainable practices.
VALUE CREATED
6.2%
Reduction in emission per tonne of production
32,25,464 KWH
Energy savings through renewable energy
7,44,751 KL
Water recycled
71,358 MT
Waste recycled
PERFORMANCE REVIEW
Advanced Intermediates
OVERVIEW
Specialised products with stringent requirements in terms of performance
PRODUCTS
Nitrites, Nitro Toluidines, Fuel Additives, Xylidines, Oximes, Cumidines, Speciality Agrochemicals, Optical Brightening Agent (OBA), DASDA, Benzotrifluoride
PERFORMANCE REVIEW
Phenolics
OVERVIEW
High volume import substitutes
PRODUCTS
Cumene, Phenol, Acetone, Isopropyl Alcohol, Alpha Methyl Styrene (AMS)
PERFORMANCE SCORECARD
Delivering a Resilient Performance
OPERATING CONTEXT
Opportunities Shaping the Chemical Industry
India’s chemical industry is on the cusp of a transformative growth phase, supported by strong macroeconomic fundamentals and robust demand. Over the past decade, the sector has expanded significantly, driven by increasing consumption, industrialisation, and regulatory support.
OUR EXPANSION INITIATIVES
Scaling New Horizons with Strategic Expansion
FY 2024-25 has been a landmark year for us, marked by decisive investments, technological collaborations, and significant product and capacity expansions that will shape DNL’s future and contribute meaningfully to India’s journey of self-reliance.
Message from the Director (Finance) & Group CFO
In FY 2024-25, we also deepened our commitment to research-driven development, technological innovation, and sustainable growth. As global supply chains continue to realign, India’s role in the chemical and intermediate landscape is growing stronger. Deepak Nitrite is well poised to harness this momentum through investments in people, processes, and platforms of innovation.
Sanjay Upadhyay Director (Finance) & Group CFO
