India's Richest People 2026 edition · 1 director · Source: Hurun India
- #261 Deepak Chimanlal Mehta & family ₹14,200 Cr
Revenue · FY 2025
₹5,863.2 Cr
▲ 16% YoY
Net profit · FY 2025
₹591.21 Cr
Net margin 10.1%
EBITDA · FY 2025
₹894.98 Cr
EBITDA margin 15.3%
Authorised capital
₹560 Cr
Registered with MCA
Paid-up capital
₹280 Cr
Issued & subscribed
Open charges
₹480 Cr
Satisfied ₹1,040 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
459
Provident fund records
About Deepak Phenolics Limited
Data last updated:
Deepak Phenolics 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 29 March 2011 and has been in existence for over 15 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 U24100GJ2011PLC064669. Its GSTIN is 24AADCD7856R1ZX (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹560 Cr and a paid-up capital of ₹280 Cr. It was formerly known as Deepak Clean Tech Limited. It is led by directors including Deepak Chimanlal Mehta (Managing Director) and Kishor Jhalaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 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 ₹5,863.2 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹591.21 Cr (net margin 10.1%) and EBITDA of ₹894.98 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 24% over five years.
The company has about 459 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹480 Cr and satisfied charges of ₹1,040 Cr on record. Court records list 25 cases involving the company, including 15 filed by the company and 10 filed against it; 5 cases are pending. The company has 7 deals on record (3 rights issues, 2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹280 Cr; the latest was in March 2022. The company has 4 MSME Form 1 returns on record between 2021 and 2024, listing 313 overdue payments to 60 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 deepakphenolics.com.
Company details
CIN U24100GJ2011PLC064669
Registration Number 064669
Incorporation Date 29 March 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Deepak Nitrite Limited
Compliance Status Active Compliant
Key People
Deepak Chimanlal Mehta Managing Director Kishor Jhalaria Whole-Time Director Ila Deepak Mehta Director Recognitions & Rankings of Deepak Phenolics
Contact details
Deepak Phenolics Limited's registered office is in Vadodara, Gujarat. Its website is deepakphenolics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th 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 Phenolics Limited, buy the company report.
Comprehensive company report
Deepak Phenolics 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 Phenolics 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 Phenolics Limited, buy the company report.
Financials of Deepak Phenolics Limited
FY 2025 filings availableDeepak Phenolics Limited reported revenue of ₹5,863.2 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹5,863.2 Cr ▲ 16%
Net profit · FY 2025
₹591.21 Cr margin 10.1%
EBITDA · FY 2025
₹894.98 Cr margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 11%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▼ 3%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 16% growth in the latest year. EBITDA rose 23% 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 | ₹894.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹591.21 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 15.3% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Phenolics Limited, buy the company report.
Board of directors and KMP of Deepak Phenolics Limited
Deepak Phenolics Limited currently reports 11 directors and 1 key managerial person. 13 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ila Deepak Mehta Also directs: Deepak Advanced Materials Limited, Deepak Novochem Technologies Limited, Deepak Novochem Specialities Limited and 5 more | Director | 25 Apr 2017 | 9 Years 6 Months | Current |
| Kishor Jhalaria | Whole-Time Director | 26 Apr 2022 | 4 Years 6 Months | Current |
| Maulik Deepak Mehta Also directs: Deepak Chem Tech Limited, Deepak Nitrite Limited, Deepak Advanced Materials Limited and 5 more | Director | 06 Jun 2022 | 4 Years 5 Months | Current |
| Meghav Deepak Mehta Also directs: Deepak Chem Tech Limited, Deepak Nitrite Limited, Deepak Advanced Materials Limited and 5 more | Director | 02 May 2019 | 7 Years 6 Months | Current |
| Maheswar Sahu | Director | 20 May 2025 | 1 Years 5 Months | Current |
| Ashok Balasubramanian | Director | 06 Jun 2022 | 4 Years 5 Months | Current |
Showing 6 of 12 current directors and KMP. View all directors and KMP
Auditor
Deepak Phenolics 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 Phenolics 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 Phenolics Limited, buy the company report.
Charges & borrowings
Open charges
₹480 Cr
Satisfied charges
₹1,040 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2022 | 100565130 | State Bank of India | ₹100 Cr | Open | |
| 05 Sep 2019 | 100287019 | Others | ₹100 Cr | Open | |
| 04 Jul 2017 | 100114002 | Others | ₹100 Cr | Open | |
| 04 Nov 2015 | 10604767 | Axis Bank Limited | ₹180 Cr | Open | |
| 16 Oct 2020 | 100383599 | State Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Deepak Phenolics Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Deepak Phenolics Limited has 7 deals on record (3 rights issues, 2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹280 Cr; the latest was in March 2022.
Total deals
7
Rights issues
3
Secondary share transfers
2
Funding rounds
2
Disclosed funding
₹280 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Deepak Nitrite Limited |
| Jun 2016 | Rights issue | ₹218.16 Cr | Investors: Deepak Nitrite Limited |
| Apr 2015 | Rights issue | ₹47.79 Cr | Investors: Deepak Nitrite Limited |
| Dec 2014 | Rights issue | ₹14 Cr | Investors: Deepak Nitrite Limited |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Deepak Nitrite Limited & Deepak Desai, Deepak Nitrite Limited & Deepak Chimanlal Mehta, Deepak Nitrite Limited & Ila D Mehta Seller: 4 individuals |
To see the full deal history of Deepak Phenolics 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 Phenolics Limited has 25 court cases on record: 15 filed by Deepak Phenolics, 10 filed against it. 5 cases are pending and 20 are disposed.
Total cases
25
Filed by the company
15
Filed against the company
10
Pending
5
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 3 | 1 |
| High courts | 8 | 4 | 2 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Brosis Lam Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Indian Laminate Manufacturers Association and 1 other | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Panara Laminate Private Limited and 2 others | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Panara Laminate Private Limited and 2 others | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Shibani Nexus Private Limited and 2 others | Disposed |
To see the full case history of Deepak Phenolics 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 Phenolics Limited was last rated by Icra on 26 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Mar 2021 |
To see the full credit ratings and regulatory alerts of Deepak Phenolics Limited, buy the company report.
MSME payment delays
Deepak Phenolics Limited has 4 MSME Form 1 returns on record between 2021 and 2024, listing 313 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M.P. Godara Logistics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Aarti Bulk Carriers Private Limited |
To see the full MSME payment records of Deepak Phenolics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Deepak Phenolics Limited has a workforce of 459 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
459
Active EPFO establishments
1
Employee growth
0.66%
GST
Deepak Phenolics has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCD7856R1ZX | Gujarat | Active | 01 Jul 2017 |
| 24AADCD7856R2ZW | Gujarat | Active | 26 Jul 2017 |
| 27AADCD7856R1ZR | Maharashtra | Active | 01 Jul 2017 |
| 03AADCD7856R1Z1 | Punjab | Active | 28 Sep 2022 |
To see the full GST registrations and return filing status of Deepak Phenolics Limited, buy the company report.
Recent activity
Deepak Phenolics Limited has 24 board changes on record since 2011: 12 appointments and 12 cessations. The latest: Maheswar Sahu ceased to be Additional Director on 06 Aug 2025.
AGM
Deepak Phenolics Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Ceased
Maheswar Sahu ceased to be Additional Director.
Appointed
Vipul Shah was appointed as Director.
Appointed
Maheswar Sahu was appointed as Director.
Filing
Deepak Phenolics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Meghav Deepak Mehta ceased to be Whole-Time Director.
Charges
A charge registered on 16 Oct 2020 via Charge ID 100383599 with State Bank Of India was fully satisfied on 14 Dec 2023.
Charges
A charge registered on 08 Sep 2016 via Charge ID 100053408 with Others was fully satisfied on 20 Feb 2023.
Appointed
Chirag Kirtibhai Shukla was appointed as Company Secretary.
Appointed
Ashok Balasubramanian was appointed as Director.
Ceased
Kishor Jhalaria ceased to be Additional Director.
Appointed
Maulik Deepak Mehta was appointed as Director.
28 earlier events are in the company report.
News
Frequently asked questions
Deepak Phenolics 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 29 March 2011 (15+ years old) and is registered under CIN U24100GJ2011PLC064669.
Deepak Phenolics has 12 current directors and KMP:
- Deepak Chimanlal Mehta - Managing Director
- Kishor Jhalaria - Whole-Time Director
- Ila Deepak Mehta - Director
- Maulik Deepak Mehta - Director
- Meghav Deepak Mehta - Director
- Maheswar Sahu - Director
- Ashok Balasubramanian - Director
- Sandeshkumar Jagannath Anand - Director
- Milin Kaimas Mehta - Director
- Vipul Shah - Director
- Sanjay Bakulchandra Upadhyay - Director
- Chirag Kirtibhai Shukla - Company Secretary
The latest financial statements of Deepak Phenolics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Deepak Phenolics is 24AADCD7856R1ZX, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AADCD7856R2ZW (Gujarat), 27AADCD7856R1ZR (Maharashtra), 03AADCD7856R1Z1 (Punjab).
The CIN (Corporate Identification Number) of Deepak Phenolics is U24100GJ2011PLC064669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deepak Phenolics has 25 court cases on record: 15 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Deepak Phenolics was incorporated on 29 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Deepak Phenolics has 7 deals on record (3 rights issues, 2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹280 Cr; the latest was in March 2022.
Maheswar Sahu ceased to be Additional Director on 06 Aug 2025. Vipul Shah was appointed as Director on 08 Jun 2025. Maheswar Sahu was appointed as Director on 20 May 2025. Deepak Phenolics has 24 board changes on record in total.
Deepak Phenolics has 4 MSME Form 1 returns on record between 2021 and 2024, listing 313 overdue payments to 60 micro and small suppliers. The latest return was filed on 01 May 2024.
Deepak Phenolics can be reached through the website deepakphenolics.com. Its registered office is in Vadodara, Gujarat, India.
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