D eepak Mehta is an Indian self-made billionaire and the chairman of Deepak Nitrite, a leading chemical manufacturing company in India. The company was founded by his father, Chimanlal Mehta, in 1970 as a small bulk chemical producer. Deepak took over the family business and has been the driving force behind its transformation into a major and diversified chemical powerhouse.
Under his leadership, Deepak Nitrite has strategically moved up the value chain, shifting from basic chemicals to more complex, higher-margin specialty chemicals. A key milestone was the establishment of its subsidiary, Deepak Phenolics, which has become India's largest producer of phenol and acetone, critical chemicals used in a wide range of industries. This successful vertical integration and focus on complex chemistry have been the key drivers of the company's massive growth and profitability. The publicly traded company's soaring stock price has cemented the Mehta family's billionaire status.
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