THE MAN WITH THE MAGIC FORMULA
Business Today India|May 14, 2023
Deepak C. Mehta has helped Deepak Nitrite become the fifth-largest listed chemicals player in terms of m-cap from the 24th spot a decade earlier
Rahul Oberoi
THE MAN WITH THE MAGIC FORMULA

"THE EXCITEMENT OF TRYING something new always drives me, and therefore stress doesn’t feel like stress,” says 66-year-old Deepak C. Mehta, with childlike glee. The Chairman and MD of Deepak Nitrite has been associated with the company, founded by his father Chimanlal K. Mehta in 1970, for the past 45 years. During this time, the company’s products portfolio has expanded significantly, whereas its market capitalisation has also grown manifold. Sample this: from the 24th spot a decade ago, Deepak Nitrite has now become the fifth-largest listed chemicals player in terms of market capitalisation, at ₹25,208 crore on April 19, 2023. Plus, its clients are now spread across more than 45 countries.

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