India's Richest People 2026 edition · 1 director · Source: Hurun India
- #261 Deepak Chimanlal Mehta & family ₹14,200 Cr
Revenue · FY 2025
₹503.45 Cr
▲ 56% YoY
Net profit · FY 2025
₹107.3 Cr
Net margin 21.3%
EBITDA · FY 2025
₹171.72 Cr
EBITDA margin 34.1%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.77 Cr
Issued & subscribed
Open charges
₹422.2 Cr
Satisfied ₹112.02 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
294
Provident fund records
About Deepak Novochem Technologies Limited
Data last updated:
Deepak Novochem Technologies Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 31 March 2007 and has been in existence for over 19 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 U24100GJ2007PLC101165. Its GSTIN is 27AACCD5796K1Z3 (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.77 Cr. It was formerly known as Deepak Novochem Technologies Private Limited. It is led by directors including Ajay Chimanlal Mehta (Managing Director) and Shreekrishna Sagun Sawant (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹503.45 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹107.3 Cr (net margin 21.3%) and EBITDA of ₹171.72 Cr (EBITDA margin 34.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 17% over five years.
The company has about 294 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹422.2 Cr and satisfied charges of ₹112.02 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹6.99 Cr; the latest was in March 2024. Its 7 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 4 smaller; the largest is Sterling Auxiliaries Pvt Ltd with revenue of ₹527.08 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,039 overdue payments to 151 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dntl.co.in.
Company details
CIN U24100GJ2007PLC101165
Registration Number 101165
Incorporation Date 31 March 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Deepak Novochem Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24100GJ2007PLC101165, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100GJ2007PLC101165 | Current |
| U24100PN2007PLC138999 | Previous |
| U24100MH2007PLC169468 | Previous |
Key People
Ajay Chimanlal Mehta Managing Director Shreekrishna Sagun Sawant Whole-Time Director Anand Bindumadhav Hunoor Whole-Time Director Recognitions & Rankings of Deepak Novochem Technologies
Contact details
Deepak Novochem Technologies Limited's registered office is in Vadodara, Gujarat. Its website is dntl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd 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 Novochem Technologies Limited, buy the company report.
Comprehensive company report
Deepak Novochem Technologies 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 Novochem Technologies 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 Novochem Technologies Limited, buy the company report.
Financials of Deepak Novochem Technologies Limited
FY 2025 filings availableDeepak Novochem Technologies Limited reported revenue of ₹503.45 Cr (up 56% YoY) for FY 2025.
Revenue · FY 2025
₹503.45 Cr ▲ 56%
Net profit · FY 2025
₹107.3 Cr margin 21.3%
EBITDA · FY 2025
₹171.72 Cr margin 34.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 8%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 151%
3 years · compounded
▲ 22%
5 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 56% growth in the latest year. EBITDA rose 151% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹171.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹107.3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.1% | ||||
| Net Profit Margin | 21.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Novochem Technologies Limited, buy the company report.
Board of directors of Deepak Novochem Technologies Limited
Deepak Novochem Technologies has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ila Deepak Mehta Also directs: Deepak Advanced Materials Limited, Deepak Phenolics Limited, Deepak Novochem Specialities Limited and 5 more | Director | 06 Aug 2007 | 19 Years 3 Months | Current |
| Shreekrishna Sagun Sawant Also directs: Deepak Novochem Specialities Limited | Whole-Time Director | 10 Jul 2021 | 5 Years 4 Months | Current |
| Deepak Chimanlal Mehta Also directs: Deepak Nitrite Limited, Deepak Advanced Materials Limited, Deepak Phenolics Limited and 5 more | Director | 31 Mar 2007 | 19 Years 7 Months | Current |
| Shripad Prabhakar Gumaste | Director | 14 Sep 2007 | 19 Years 1 Months | Current |
| Ajay Chimanlal Mehta Also directs: Lakaki Works Pvt Ltd, Sofotel Infra Private Limited, Binarius Infra Private Limited and 5 more | Managing Director | 30 Mar 2016 | 10 Years 7 Months | Current |
| Ullhas Chandrakant Paymaster Also directs: Deepak Novochem Specialities Limited | Director | 04 May 2017 | 9 Years 6 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Deepak Novochem Technologies Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Sterling Auxiliaries Pvt Ltd | ₹527.08 Cr (FY 2024) | 32.0% | Mumbai, Maharashtra, India | |||
| Saptagir Camphor Private Limited | ₹523.92 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Parikh Enterprises Private Limited | ₹515.92 Cr (FY 2025) | 79.0% | Ahmedabad, Gujarat, India | |||
| Deepak Novochem Technologies Limitedthis company | ₹503.45 Cr (FY 2025) | ₹107.3 Cr | 21.3% | 56.0% | 294 | Vadodara, Gujarat, India |
| HPL Additives Limited | ₹499.46 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Chryso India Private Limited | ₹497.78 Cr (FY 2025) | 18.0% | Hooghly, West Bengal, India | |||
| Indorama Ventures Oxides Ankleshwar Private Limited | ₹491.15 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Stahl India Private Limited | ₹484.63 Cr (FY 2025) | 6.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Deepak Novochem Technologies Limited, buy the company report.
Auditor
Deepak Novochem Technologies Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2023 | 105102W |
Shareholding
The shareholding of Deepak Novochem Technologies Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deepak Novochem Technologies Limited, buy the company report.
Charges & borrowings
Open charges
₹422.2 Cr
Satisfied charges
₹112.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2025 | 101145094 | Others | ₹44.2 Cr | Open | |
| 31 Oct 2023 | 100815798 | Others | ₹228 Cr | Open | |
| 23 Mar 2021 | 100437536 | Others | ₹50 Cr | Open | |
| 23 Aug 2018 | 100218092 | Others | ₹40 Cr | Open | |
| 15 Mar 2017 | 100089252 | Yes Bank Limited | ₹40 Cr | Open |
To see the full charge records of Deepak Novochem Technologies Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Deepak Novochem Technologies Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹6.99 Cr; the latest was in March 2024.
Total deals
8
Secondary share transfers
5
Funding rounds
3
Disclosed funding
₹6.99 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹2 Cr | Investors: 2 individuals |
To see the full deal history of Deepak Novochem Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Deepak Novochem Technologies Limited has 9 court cases on record: 7 filed by Deepak Novochem Technologies, 2 filed against it. 2 cases are pending and 7 are disposed.
Total cases
9
Filed by the company
7
Filed against the company
2
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 1 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Dat Industries Pvt. Ltd. and Ors and 4 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Dat Industries Pvt.Ltd and 5 others | Disposed |
| District court, Ratnagiri, Maharashtra | Civil suit | Filed by the company against Ishan Synthetics Private Ltd. Etc. 5 and 4 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Soham Organics Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Deepak Novochem Technologies 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.
Credit ratings & regulatory alerts
Deepak Novochem Technologies Limited was last rated by Care on 05 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Oct 2021 |
To see the full credit ratings and regulatory alerts of Deepak Novochem Technologies Limited, buy the company report.
MSME payment delays
Deepak Novochem Technologies Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,039 overdue payments to 151 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 151)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vajrachem India Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Meru Chem Private Limited |
To see the full MSME payment records of Deepak Novochem Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Deepak Novochem Technologies has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Deepak Novochem Specialities Limited | U24290GJ2022PLC131730 |
To see the full group structure of Deepak Novochem Technologies Limited, buy the company report.
Employees & EPFO
Deepak Novochem Technologies Limited has a workforce of 294 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
294
Active EPFO establishments
1
Employee growth
3.52%
GST
Deepak Novochem Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD5796K1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deepak Novochem Technologies Limited, buy the company report.
Recent activity
Deepak Novochem Technologies Limited has 17 board changes on record since 2007: 8 appointments and 9 cessations. The latest: Viralkumar Aniruddhabhai Thaker ceased to be Company Secretary on 12 Jul 2021.
Charges
A charge registered on 08 Apr 2019 via Charge ID 100259850 with Others was fully satisfied on 16 Oct 2025.
AGM
Deepak Novochem Technologies Limited last Annual general meeting of members was held on 25 Aug 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 44.20 Cr with Charge ID 101145094 was registered on 04 Aug 2025.
Filing
Deepak Novochem Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 40.00 Cr registered on 23 Aug 2018 with Charge ID 100218092 was modified on 04 Feb 2025.
Charges
A charge with Yes Bank Limited of Rs. 40.00 Cr registered on 15 Mar 2017 with Charge ID 100089252 was modified on 04 Feb 2025.
Charges
A charge registered on 23 Oct 2018 via Charge ID 100212257 with Others was fully satisfied on 24 Jul 2024.
Charges
A charge with Others of Rs. 20.00 Cr registered on 28 Nov 2007 with Charge ID 10081332 was modified on 16 Feb 2024.
Charges
A charge with Others amounted to Rs. 228.00 Cr with Charge ID 100815798 was registered on 31 Oct 2023.
Charges
A charge registered on 23 Nov 2017 via Charge ID 100137620 with Others was fully satisfied on 14 Feb 2023.
Charges
A charge with Others of Rs. 50.00 Cr registered on 23 Mar 2021 with Charge ID 100437536 was modified on 02 Nov 2021.
Ceased
Viralkumar Aniruddhabhai Thaker ceased to be Company Secretary.
49 earlier events are in the company report.
Frequently asked questions
Deepak Novochem Technologies 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 31 March 2007 (19+ years old) and is registered under CIN U24100GJ2007PLC101165.
Deepak Novochem Technologies has 8 current directors:
- Ajay Chimanlal Mehta - Managing Director
- Shreekrishna Sagun Sawant - Whole-Time Director
- Anand Bindumadhav Hunoor - Whole-Time Director
- Ila Deepak Mehta - Director
- Deepak Chimanlal Mehta - Director
- Shripad Prabhakar Gumaste - Director
- Ullhas Chandrakant Paymaster - Director
- Sanjay Bakulchandra Upadhyay - Director
The latest financial statements of Deepak Novochem Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Deepak Novochem Technologies is 27AACCD5796K1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Deepak Novochem Technologies is U24100GJ2007PLC101165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deepak Novochem Technologies has 9 court cases on record: 7 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Deepak Novochem Technologies was incorporated on 31 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Deepak Novochem Technologies has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹6.99 Cr; the latest was in March 2024.
The peers of Deepak Novochem Technologies by revenue are Sterling Auxiliaries Pvt Ltd, Saptagir Camphor Private Limited, Parikh Enterprises Private Limited, HPL Additives Limited, Chryso India Private Limited and 2 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Viralkumar Aniruddhabhai Thaker ceased to be Company Secretary on 12 Jul 2021. Shreekrishna Sagun Sawant was appointed as Whole-Time Director on 10 Jul 2021. Shreekrishna Sagun Sawant ceased to be Additional Director on 10 Jul 2021. Deepak Novochem Technologies has 17 board changes on record in total.
Deepak Novochem Technologies has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,039 overdue payments to 151 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Deepak Novochem Technologies can be reached through the website dntl.co.in. Its registered office is in Vadodara, Gujarat, India.
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