Deepak Nitrite Limited - Company Profile

Q: Who are the current directors of Deepak Nitrite Limited?

The current directors of Deepak Nitrite Limited are Girish Raghunath Satarkar, Maulik Deepak Mehta, Bhumika Batra, Meghav Deepak Mehta, Somsekhar Nanda, Dileep Chinubhai Choksi, Deepak Chimanlal Mehta, Ajay Chimanlal Mehta, Arvind Nath Agrawal, Prakash Dinkar Samudra, Arvind Rajendrakumar Bajpai, Punit Sanjay Lalbhai, Vipul Shah, Sanjay Bakulchandra Upadhyay, Mahesh Ramchand Chhabria, Arvind Bajpai.

It is a chemicals and materials public limited company based in Vadodara, Gujarat, India, established in 1970.

1970 Vadodara, Gujarat, India Active

Last Updated: December 22, 2025

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About Deepak Nitrite Limited

Deepak Nitrite Limited, a active public limited company, was established on 06 June 1970 in Vadodara, Gujarat, India. Engaging in industrial chemicals within the manufacturing sector, it holds CIN: L24110GJ1970PLC001735. Registered under ROC Roc Ahmedabad. it is listed on BSE: 506401 and NSE: DEEPAKNTR. It has an authorized capital of ₹50.00 Cr and a paid-up capital of ₹27.28 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹3,135.13 Cr and a net worth of ₹2,625.06 Cr. Employing 1,731 professional, Its leadership includes Girish Raghunath Satarkar (Whole-Time Director), Maulik Deepak Mehta (Whole-Time Director), Bhumika Batra (Director). Past directors included Shrenikbhai Kasturbhai Lalbhai, M R B Punja, Asimkumar Khitishchandra Dasgupta. It holds ₹470.00 Cr open charges and ₹656.36 Cr settled loans. Its latest AGM occurred on 14 August 2025, with the balance sheet filed on 31 March 2025. It is based at 2Nd Floor, Fermenter House,, Alembic City, Alembic Avenue Road,, Vadodara, Gujarat, 390003.

Company Details

CIN/LLPIN
L24110GJ1970PLC001735
Registration Number
001735
Incorporation Date
06 June 1970
Authorized Capital
₹50.00 Cr
Paid-Up Capital
₹27.28 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 506401, NSE: DEEPAKNTR)
Company Status
Active

Key Metrics

Authorised Capital ₹ 50.00 Cr as on 22-12-2025
Paid Up Capital ₹ 27.28 Cr as on 22-12-2025
Company Age 55 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 470.00 Cr as on 22-12-2025
Satisfied Charges ₹ 656.36 Cr as on 22-12-2025
Revenue Growth **** 21.43% (FY 2023)
Profit Growth **** -3.46% (FY 2023)
Ebitda **** -9.20% (FY 2023)
Net Worth 16.36% (FY 2023)
Total Assets **** 15.42% (FY 2023)

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Explore comprehensive insights into Deepak Nitrite Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Deepak Nitrite Limited?

Current Directors

Name	Designation	Appointment Date	Status
Girish Raghunath Satarkar	Whole-Time Director	04 Aug 2023	Current
Maulik Deepak Mehta	Whole-Time Director	09 May 2016	Current
Bhumika Batra	Director	28 Jun 2025	Current
Meghav Deepak Mehta	Director	04 May 2022	Current
Dileep Chinubhai Choksi	Director	03 Feb 2020	Current
Deepak Chimanlal Mehta	Managing Director	14 Jun 1978	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	25 May 2011	Past
Pramod Abcsdd	Director	02 Sep 2013	Past
Pramod Abcsdd	Director	02 Aug 2013	Past
Pramod Abcsdd	Additional Director	05 Aug 2016	Past
Pramod Abcsdd	Cfo(Kmp)	-	Past
Pramod Abcsdd	Additional Director	22 Jun 2022	Past

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Financial Performance of Deepak Nitrite.

Deepak Nitrite Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.43% increase. The company also saw a slight decrease in profitability, with a 3.46% decrease in profit. The company's net worth Soared by an impressive increase of 16.36%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

21.43%

*******

Revenue from Operations

*******

20.81%

*******

Total Assets

*******

15.42%

*******

Profit or Loss

*******

-3.46%

*******

Net Worth

*******

16.36%

*******

EBITDA

*******

-9.20%

*******

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What is the Ownership and Shareholding Structure of Deepak Nitrite?

In 2023, Deepak Nitrite had a promoter holding of 49.13% and a public holding of 50.87%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹4,700,000,000.00

Satisfied Charges

₹6,563,600,000.00

Charges Breakdown by Lending Institutions

State Bank Of India : 470.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
15 Dec 2008	State Bank Of India	₹470.00 Cr	Open
31 Aug 2018	Axis Bank Limited	₹250.00 Cr	Satisfied
25 Jun 2014	State Bank Of India	₹140.00 Cr	Satisfied
14 Mar 2008	Export-Import Bank Of India	₹10.00 Cr	Satisfied
26 Mar 2007	Axis Bank Limited	₹89.15 Cr	Satisfied

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How Many Employees Work at Deepak Nitrite?

Deepak Nitrite has a workforce of 1731 employees as of Jun 19, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Deepak Nitrite, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Deepak Nitrite's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Deepak Nitrite

Recent Activity within the Organization

Annual General Meeting

The activity Deepak Nitrite Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records. was completed.
14 Aug 2025
Director Appointment

The activity Bhumika Batra was appointed as a Director was appointed as a Director on 28 Jun 2025 & has been associated with this company since 7 months 7 days . was completed.
28 Jun 2025
Director Appointment

Progress on Arvind Nath Agrawal was appointed as a Director was appointed as a Director on 28 Jun 2025 & has been associated with this company since 7 months 7 days . was documented.
28 Jun 2025
Director Appointment

Progress on Mahesh Ramchand Chhabria was appointed as a Director was appointed as a Director on 28 Jun 2025 & has been associated with this company since 7 months 7 days . was documented.
28 Jun 2025
Charges

Progress on A charge with State Bank Of India of Rs. 470.00 Cr registered on 15 Dec 2008 with Charge ID 10134988 was modified on 15 May 2025. was documented.
15 May 2025
Balance Sheet

The activity Deepak Nitrite Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025

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