India's Richest People 2026 edition · 1 director · Source: Hurun India
- #261 Deepak Chimanlal Mehta & family ₹14,200 Cr
Revenue · FY 2025
₹11.8 Cr
▲ 652% YoY
Net loss · FY 2025
₹44.54 Cr
Net margin -377.5%
EBITDA · FY 2025
-₹29.9 Cr
EBITDA margin -253.4%
Authorised capital
₹6,600 Cr
Registered with MCA
Paid-up capital
₹1,999.5 Cr
Issued & subscribed
Open charges
₹1,302 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
645
Provident fund records
About Deepak Chem Tech Limited
Data last updated:
Deepak Chem Tech Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Deepak Nitrite Limited. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 09 October 2020 and has been in existence for over 6 years.
Its director Deepak Chimanlal Mehta and family are #261 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24290GJ2020PLC117177. Its GSTIN is 24AAICD0463B1Z8 (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹6,600 Cr and a paid-up capital of ₹1,999.5 Cr. It was formerly known as Deepak Clean Tech Limited. It is led by directors including Meghav Deepak Mehta (Whole-Time Director) and Maulik Deepak Mehta.
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Fermenter House Alembic City, Alembic Avenue Road Vadodara, Gujarat, India – 390003.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.8 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹44.54 Cr (net margin -377.5%) and EBITDA of -₹29.9 Cr (EBITDA margin -253.4%). Revenue has grown at a compounded annual rate (CAGR) of 876% over three years.
The company has about 645 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,302 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website godeepak.com.
Company details
CIN U24290GJ2020PLC117177
Registration Number 117177
Incorporation Date 09 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Deepak Nitrite Limited
Compliance Status Active Compliant
Key People
Meghav Deepak Mehta Whole-Time Director Maulik Deepak Mehta Director Deepak Chimanlal Mehta Director Recognitions & Rankings of Deepak Chem Tech
Contact details
Deepak Chem Tech Limited's registered office is in Vadodara, Gujarat. Its website is godeepak.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Fermenter House Alembic City, Alembic Avenue Road Vadodara, Gujarat, India – 390003
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Deepak Chem Tech Limited, buy the company report.
Comprehensive company report
Deepak Chem Tech Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Deepak Chem Tech is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Deepak Chem Tech Limited, buy the company report.
Financials of Deepak Chem Tech Limited
FY 2025 filings availableDeepak Chem Tech Limited reported revenue of ₹11.8 Cr (up 652% YoY) for FY 2025.
Revenue · FY 2025
₹11.8 Cr ▲ 652%
Net loss · FY 2025
₹44.54 Cr margin -377.5%
EBITDA · FY 2025
-₹29.9 Cr margin -253.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 652%
3 years · compounded
▲ 876%
EBITDA CAGR growth
1 year
▼ 296%
3 years · compounded
▼ 125%
Revenue has grown at a compounded annual rate (CAGR) of 876% over three years, including 652% growth in the latest year. EBITDA fell 296% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹29.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹44.54 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -253.4% | ||||
| Net Profit Margin | -377.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Deepak Chem Tech Limited, buy the company report.
Board of directors of Deepak Chem Tech Limited
Deepak Chem Tech has 9 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maulik Deepak Mehta Also directs: Deepak Phenolics Limited, Deepak Nitrite Limited, Deepak Advanced Materials Limited and 5 more | Director | 09 Oct 2020 | 6 Years 1 Months | Current |
| Meghav Deepak Mehta Also directs: Deepak Phenolics Limited, Deepak Nitrite Limited, Deepak Advanced Materials Limited and 5 more | Whole-Time Director | 09 Oct 2020 | 6 Years 1 Months | Current |
| Deepak Chimanlal Mehta Also directs: Deepak Phenolics Limited, Deepak Nitrite Limited, Deepak Advanced Materials Limited and 5 more | Director | 09 Oct 2020 | 6 Years 1 Months | Current |
| Sandeshkumar Jagannath Anand Also directs: Sunrise Industries (India) Limited, Deepak Phenolics Limited, Sunrise Infrastructure Projects (India) Limited and 1 more | Director | 13 Dec 2021 | 4 Years 11 Months | Current |
| Milin Kaimas Mehta | Director | 22 Jul 2022 | 4 Years 3 Months | Current |
| Vipul Shah Also directs: Deepak Phenolics Limited, Deepak Nitrite Limited, The Supreme Industries Limited and 3 more | Director | 28 Jun 2025 | 1 Years 4 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Deepak Chem Tech Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dr. Yajnik's Kemicolor Industries Private Limited | ₹11.95 Cr (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Ab Emultech Private Limited | ₹11.9 Cr (FY 2025) | -15.0% | Nagpur, Maharashtra, India | |||
| Sujan Chemoplast Private Limited | ₹11.82 Cr (FY 2025) | 2.0% | Navi Mumbai, Maharashtra, India | |||
| Deepak Chem Tech Limitedthis company | ₹11.8 Cr (FY 2025) | -₹44.54 Cr | -377.5% | 652.0% | 645 | Vadodara, Gujarat, India |
| Jainico Coatings Private Limited | ₹11.78 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Deepak Novochem Specialities Limited | ₹11.76 Cr (FY 2025) | 731.0% | Vadodara, Gujarat, India | |||
| Venus Ethoxyethers Pvt Ltd | ₹11.67 Cr (FY 2025) | 34.0% | Goa, India |
To see the full peer comparison of Deepak Chem Tech Limited, buy the company report.
Auditor
Deepak Chem Tech Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 117365W |
Shareholding
The shareholding of Deepak Chem Tech Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Deepak Chem Tech Limited, buy the company report.
Charges & borrowings
Open charges
₹1,302 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2024 | 100887982 | Others | ₹500 Cr | Open | |
| 27 Mar 2024 | 100902963 | Indian Bank | ₹530 Cr | Open | |
| 27 Mar 2024 | 100903454 | Bank of India | ₹172 Cr | Open | |
| 04 Oct 2023 | 100798088 | Others | ₹100 Cr | Open |
Total charge records: 4 View all charges
Legal cases
Deepak Chem Tech Limited has 2 court cases on record: 2 filed by Deepak Chem Tech. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Pharma Chem Machineries Proprietorship Firm Proprietor Jabmalai Mariannan Pitchai Muthu Chettiar | Disposed |
To see the full case history of Deepak Chem Tech Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deepak Chem Tech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Deepak Chem Tech Limited has a workforce of 645 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
645
Active EPFO establishments
1
Employee growth
14.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 645 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Deepak Chem Tech Limited, buy the company report.
GST
Deepak Chem Tech has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICD0463B1Z8 | Gujarat | Active | 22 Oct 2020 |
| 24AAICD0463B3Z6 | Gujarat | Active | 04 Apr 2024 |
| 24AAICD0463B4Z5 | Gujarat | Active | 25 Apr 2024 |
To see the full GST registrations and return filing status of Deepak Chem Tech Limited, buy the company report.
Recent activity
Deepak Chem Tech Limited has 14 board changes on record since 2020: 11 appointments and 3 cessations. The latest: Vipul Shah was appointed as Director on 28 Jun 2025.
AGM
Deepak Chem Tech Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Appointed
Vipul Shah was appointed as Director.
Appointed
Gopalbhai Dashrathbhai Thakkar was appointed as CFO.
Ceased
Prakash Dinkar Samudra ceased to be Director.
Filing
Deepak Chem Tech Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Purvi Sheth was appointed as Director.
Appointed
Sanjay Khatau Asher was appointed as Director.
Ceased
Meghav Deepak Mehta ceased to be Director.
Charges
A charge with Others amounted to Rs. 500.00 Cr with Charge ID 100887982 was registered on 27 Mar 2024.
Charges
A charge with Indian Bank amounted to Rs. 530.00 Cr with Charge ID 100902963 was registered on 27 Mar 2024.
Charges
A charge with Bank Of India amounted to Rs. 172.00 Cr with Charge ID 100903454 was registered on 27 Mar 2024.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100798088 was registered on 04 Oct 2023.
9 earlier events are in the company report.
News
Frequently asked questions
Deepak Chem Tech is an active public limited company based in Vadodara, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 09 October 2020 (6+ years old) and is registered under CIN U24290GJ2020PLC117177.
Deepak Chem Tech has 9 current directors:
- Meghav Deepak Mehta - Whole-Time Director
- Maulik Deepak Mehta - Director
- Deepak Chimanlal Mehta - Director
- Sandeshkumar Jagannath Anand - Director
- Milin Kaimas Mehta - Director
- Vipul Shah - Director
- Sanjay Bakulchandra Upadhyay - Director
- Purvi Sheth - Director
- Sanjay Khatau Asher - Director
The latest financial statements of Deepak Chem Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 August 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Deepak Chem Tech is 24AAICD0463B1Z8, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAICD0463B3Z6 (Gujarat), 24AAICD0463B4Z5 (Gujarat).
The CIN (Corporate Identification Number) of Deepak Chem Tech is U24290GJ2020PLC117177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deepak Chem Tech has 2 court cases on record: 2 filed by the company. 1 is pending. Most are in the district courts.
Deepak Chem Tech was incorporated on 09 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Deepak Chem Tech by revenue are Dr. Yajnik's Kemicolor Industries Private Limited, Ab Emultech Private Limited, Sujan Chemoplast Private Limited, Jainico Coatings Private Limited, Deepak Novochem Specialities Limited and 1 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Vipul Shah was appointed as Director on 28 Jun 2025. Gopalbhai Dashrathbhai Thakkar was appointed as CFO on 27 May 2025. Prakash Dinkar Samudra ceased to be Director on 09 Apr 2025. Deepak Chem Tech has 14 board changes on record in total.
Deepak Chem Tech can be reached through the website godeepak.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Deepak Chem Tech is at 1st Floor Fermenter House Alembic City, Alembic Avenue Road Vadodara, Gujarat, India – 390003.
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