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Deepak Mehta

Deepak Mehta

D. Mehta
-0.34% | - $-4.07M
$1.18 B ₹ 10,735 Cr
Real Time Net Worth #2933 Ranking as of 21 Feb 2026 By Forbes

More on Deepak Mehta

Gender

Male

Age

71Y

Country

India

Born On

January, 1955

Deceased

No

Relationship Status

Married

Children

1

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Massively Expanded)

Primary Organization

Deepak Nitrite

Titles

Chairman & Managing Director

Sources of Wealth

Deepak Nitrite

Industry

Chemicals, Manufacturing

About Deepak Mehta


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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Quick Reads


  • Chairman of the Indian chemical manufacturer Deepak Nitrite.
  • The company was founded by his father, Chimanlal Mehta.
  • He has transformed the company from a bulk chemical maker to a specialty chemicals giant.
  • His subsidiary, Deepak Phenolics, is India's largest producer of phenol.
  • His wealth has surged along with the company's stock market valuation.

Early Life and Background


Shri Deepak C. Mehta is an Indian businessman, the Chairman and Managing Director of Deepak Nitrite Limited (NSE: DEEPAKNTR), a leading manufacturer of chemical intermediates and a pillar of the Indian chemical industry. His career began over five decades ago as a second-generation entrepreneur, working alongside his late father, Shri Chimanlal K. Mehta, who founded the company (then Deepak Nitrite Limited) in 1970.

Mehta graduated with a Science degree from the University of Mumbai. His career is defined by his commitment to exploring uncharted domains within chemical intermediates in India, focusing particularly on the sustainable aspect of business. This early focus on efficiency and inclusive economic impact allowed the Deepak Group to transform into a prominent manufacturer known for cutting-edge, green technology.

Career Journey of Deepak Mehta


Deepak Mehta's strategic leadership guided the Deepak Group's diversification into Basic Intermediates, Fine & Specialty Chemicals, and Petrochemical intermediates. His most significant achievement was commissioning India's largest Phenol-Acetone plant in Dahej, Gujarat. This facility is renowned for using cutting-edge green technology, earning it the title of being the lowest thermal footprint facility in the world.

Beyond executive management, Mehta is a powerful industry advocate. He has served as President of the Indian Chemicals Council (ICC) and was a member of the 'Task Force on Chemicals Industry' constituted by the Government of India to enhance the nation's competitiveness. He is currently the Chairman of the National Chemicals Committee-FICCI. His active involvement ensures the growth of the chemical and petrochemical sector, fostering innovation and manufacturing excellence for a global audience.

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Deepak Mehta's Timeline


1970:

Deepak Nitrite Limited is incorporated by his father (Founding).

1971:

Deepak Nitrite executes its IPO on the BSE (Financial Milestone).

Ongoing:

Commissions India's largest Phenol-Acetone plant in Dahej, Gujarat (Industrial Milestone).

Ongoing:

Serves as President of the Indian Chemicals Council (ICC) and Chairman of the National Chemicals Committee-FICCI (Industry Leadership).

Ongoing:

Continues as Chairman and MD of the Deepak Group, guiding its global expansion (Executive Leadership).

Major Business Ventures and Investments


Deepak Mehta's wealth is concentrated in his controlling stake and executive leadership of the publicly listed chemical conglomerate, Deepak Nitrite Limited.

  • Deepak Nitrite Limited (Chairman & MD): The core asset, a major manufacturer of chemical intermediates (over 34 products), supplying customers in 45+ countries.
  • Deepak Advanced Materials Limited: The unlisted subsidiary focused on specialty chemicals.
  • India's Largest Phenol-Acetone Plant: A key industrial asset known for its lowest thermal footprint and use of IoT-enabled systems.
  • Deepak Foundation (Trustee): The primary philanthropic initiative dedicated to improving education, healthcare, and skill development in rural India.

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Philanthropy and Social Impact


Deepak Mehta's social impact is structural and social. Structurally, his company's focus on sustainable, low thermal footprint manufacturing sets a green benchmark for the energy-intensive chemical sector. Socially, he is a dedicated trustee of the Deepak Foundation, which enhances education, skill development, and women's empowerment in rural communities across four states, positively impacting over 8,00,000 beneficiaries.

His public advocacy ensures policies support the growth of the Indian chemical industry, viewing industrial advancement as integral to community well-being.

Fashion, Style, and Lifestyle


Deepak Mehta maintains the professional, distinguished style of a respected Indian industrialist. His attire is consistently formal and high-quality, favoring tailored business suits or traditional Indian business attire. His aesthetic is one of composed authority, reflecting his decades of industry leadership and commitment to ethical practices.

Residing in Mumbai, his luxury is the immense security and financial reward derived from his dominance in the specialized chemical sector. His life is defined by his commitment to industrial advancement, sustainability, and large-scale, focused philanthropy in rural communities.

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Quotes and Philosophy


“Focusing on the sustainable aspect of business leads to inclusive economic impact and enduring value.”

Fun Facts & Trivia


  • He chairs Deepak Nitrite and commissioned India's largest Phenol-Acetone plant.
  • The plant is considered the lowest thermal footprint facility in the world.
  • He is a major advocate, having served as President of the Indian Chemicals Council (ICC).
  • His foundation supports over 8,00,000 beneficiaries in rural India.
  • He holds a Science degree from the University of Mumbai.
  • He is an avid animal-lover and associated with the Vadodara Society for Prevention of Cruelty to Animals (VSPCA).
  • His wealth is tied to the expansion into Basic, Fine, and Specialty Chemicals.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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