PROFESSIONAL BOARD OF DIRECTORS BACKED BY A
STRONG TEAM
D.C. Mehta
Chairman & Managing Director
D. C. Mehta
Chairman & Managing Director
Mr. D.C. Mehta’s business acumen, leadership skills and dynamism have enabled Deepak Nitrite to take swift strides forward and achieve many milestones in the last 40 years. An active participant at industry forums, he has been the Chairman of the Nationalmegh Chemicals Committee at FICCI. He is a science graduate from the University of Bombay.
Maulik Mehta
CEO & Executive Director
Maulik Mehta
CEO & Executive Director
Mr. Maulik D. Mehta, aged 37 years, holds Bachelors of Business Administration from University of Liverpool, UK. He has also done Master in Industrial and Organizational Psychology from Columbia University, USA. Further, he has done his MBA from Harvard University, Boston, USA. Maulik has around 10 years of experience in the areas of Business Development. During the span of his career, he has held important positions including Product Head in the company. Mr. Mehta is active member of Economic Times, ILC and CII central Gujarat
Sanjay Upadhyay
Director – Finance & Group CFO
Sanjay Upadhyay
Director – Finance & Group CFO
Shri Sanjay Upadhyay is a qualified Cost Accountant and a Company Secretary. He has completed an Advanced Management Programme from Wharton, USA. Shri Sanjay Upadhyay has over 40 years experience in the areas of Finance, Treasury, Taxation, Commercial, Secretarial and Corporate Restructuring. He oversees risk Management, Governance, Investor Relation and IT functions. Apart from these, he also has expertise in growth strategy, acquisitions, restructuring etc. Shri Sanjay Upadhyay joined the Company in 1994. During the span of his career, he has held important positions in the Company. He was inducted in the Board as Director (Finance) from April, 2017 and is also the Chief Financial Officer of the Company. He is also on the Board of several companies within the Deepak Group. In his role as CFO, he is focused on driving financial performance of the Company through rigour and synergy in capital allocation, investment management decisions and portfolio optimisation.
Girish Satarkar
Executive Director
Girish Satarkar
Executive Director
Shri Girish Satarkar, aged 59 years has done B. Sc. (Tech) and M. Sc. (Tech) in Textile Chemistry from The Institute of Chemical Technology, ICT (formerly UDCT) University of Mumbai. He has also done Masters of Marketing Management (MMM) from Welingkar Institute of Management, University of Mumbai.
He has wide & rich experience of over 34 years in the Chemical Industry out which 16 years in the leadership position. He is proficient in business affairs with hands-on experience of managing operations and having a good understanding about risk management and corporate governance. A widely travelled person with exposure to international & domestic marketing and has been involved in market & product development activities since many years. He is a Strategist with an eye for identifying new business opportunities.
Shri Satarkar is associated with the Company since 2015 and joined as President – FWA and presently is designated as President – BI of the Company. Prior to joining the Company, Shri Satarkar worked with Diamines & Chemicals Limited, a BSE listed company, as the Executive Director & CEO.
A. C. Mehta
Non Executive Director
A. C. Mehta
Non Executive Director
With extensive experience, a comprehensive approach and industry foresight, Mr. A.C. Mehta has paved the way for innovation and excellence at Deepak Nitrite Ltd. He has been actively associated with the organisation since 1984. He is a science graduate with Honours and a post graduate in Chemical Engineering from the University of Texas, USA.
Meghav Mehta
Non-Executive Director
Meghav Mehta
Non-Executive Director
Shri Meghav Mehta is a Mechanical Engineer from the Rochester Institute of Technology (New York, USA) with a specialization in Material Science Technology and Alternative Energy. He joined Deepak Group in 2009, where he successfully initiated and completed multi-million dollar EPCm projects. Shri Meghav Mehta is Executive Director at Deepak Phenolics Limited, a wholly owned subsidiary of the Company, since 2nd May, 2019. He has spearheaded multiple digital transformation initiatives in Deepak Group. Shri Meghav Mehta is an adventure sports enthusiast and a certified deep sea diver.
Sanjay Asher
Independent Director
Sanjay Asher
Independent Director
Sanjay Asher holds a Bachelor’s degree in commerce and a Bachelor’s degree in law from the University of Bombay. He has been a practising advocate since 1991, and was admitted as a solicitor in 1993. He is also a qualified Chartered Accountant. He is presently a senior partner with Crawford Bayley & Co, which is India’s oldest law firm, established in 1830. He specialises in the fields of corporate law and commercial law, corss-border M&A, joint ventures, and capital markets, and advises large, medium and small business enterprises on these subjects.
Purvi Sheth
Independent Director
Purvi Sheth
Independent Director
Purvi Sheth has completed her Bachelor’s Degree in Arts, Economics & Political Science from St. Xavier’s College, Mumbai University and obtained a CPD Business Strategy & Leadership Management from Wharton Business School, USA. Purvi helps create business opportunities and competitive advantage via Strategic HR management. She has helped several businesses effectively cultivate talent engagement through advanced leadership processes and implementation in impacting business performance and productivity.
Dileep C. Choksi
Independent Director
Dileep C. Choksi
Independent Director
Mr. Dileep C. Choksi is a chartered accountant by profession and has been in practice for over 40 years. His areas of specialization include business succession, tax advisory and litigation, structuring of collaborations and joint ventures, and corporate restructuring, turnaround and change management strategies. He also advises some of India’s large business houses on various strategic matters, including family succession and on wills and trusts. Mr. Choksi was the former Joint Managing Partner of Deloitte in India till 2008, before the setting up of C.C. Chokshi Advisors Pvt. Ltd. of which he is the Chief Mentor.
Punit Lalbhai
Independent Director
Punit Lalbhai
Independent Director
Shri Punit Lalbhai holds Bachelors’ degree from University of California, Davis in conservation biology; a masters in Environmental Science from Yale University, USA and an MBA from INSEAD, France.
Shri Punit Lalbhai is an Executive Director at Arvind Ltd – the flagship company of $2 billion Lalbhai group. He looks after the group’s interests in manufacturing businesses which include textiles, advanced materials, environmental solutions and heavy engineering. He also leads sustainability, innovation and corporate social responsibility at Arvind Limited.
Shri Lalbhai is passionate about aligning business and sustainability goals. He is involved with projects that involve working with approximately 90,000 farmers to grow cotton sustainably (Arvind’s main raw material). He is deeply involved with Arvind’s leading work on circularity, recycling and carbon mitigation.
Shri Punit has been a practitioner of Heartfulness Meditation since 1998 and has been a volunteer trainer for the practice since 2012.
Vipul Shah
Independent Director
Vipul Shah
Independent Director
Shri Vipul holds a Bachelor of Science degree in chemical engineering and a Master of Science degree in polymer science from the University of Texas, Austin, United States.
Shri Vipul Shah is the Chief Operating Officer, Petrochemicals at Reliance Industries Limited. located at Mumbai, India.
Shri Vipul began his career with Reliance Industries Limited in India in 1986 and joined Dow in 1988. He was named country manager for the Indian sub-subcontinent in 1992. In his 27 years with Dow, Shri Vipul has led various leadership positions across the globe. From being a marketing director of Pacific region, Director Commercial in Europe and Pacific, MD and CEO of Dow Chemical International Private Limited. In 2007, Shri Vipul moved to United States as business Vice President for the Chloro-Vinyl. In 2010, he returned to the region in Singapore as President, South-East Asia and India. In 2011, he returned to India as president, CEO and chairman of Dow India and under his leadership Dow India for the first time crossed the 1 Billion mark.
Shri Vipul took his second stint in Reliance Industries Limited in 2015 as COO of Petrochemicals. He has been instrumental in transforming Reliance Petrochemical’s business model and thereby bringing brand Reliance amongst top Petrochemical companies in the world. Shri Vipul is driving the Petrochemicals segment towards a B2B2C solutions model by focusing on customer-oriented products and solutions. He has initiated number of strategic initiatives in the segment to leverage digital platforms, entering into advanced materials & composites and enabling circular business models to further accelerate segment’s growth. Under his leadership, Petrochemicals segment has outpaced sales growth compared to its competitors, while maintaining record EBITDA levels.
Shri Vipul has also served as chairperson of the management committee for the chlorine chemistry division of the American Chemistry Council (ACC).
Prakash Samudra
Independent Director
Prakash Samudra
Independent Director
Shri Prakash Dinkar Samudra studied chemical engineering at the Indian Institute of Technology (IIT), Bombay and graduated in 1973.
From 1973 until 1981, Shri Samudra worked in Larsen & Toubro Ltd., Mumbai. In 1981, he joined ThyssenKrupp Industrial Solution Group, formally known as UHDE India Ltd.
While with Thyssenkrupp Industrial Solutions – Process Technologies, Shri Samudra was responsible for the acquisition and project implementation including planning, Procurement and Construction of several EPC-LSTK /EPCM projects in the field of Petrochemicals, Caustic Soda/Chlorine, Polymers, Fertilizers, Oil Refinery, Organic and Inorganic Chemicals, Cryogenic Tank Systems in India and Middle East region, and was instrumental in substantial growth of the business.
Since 1998, he has been on the Executive Board of ThyssenKrupp Industrial Solutions (India). In July 2014, he was appointed as the Managing Director and CEO of the ThyssenKrupp Industrial Solutions. He superannuated from ThyssenKrupp Industrial Solutions in June 2021.
Shri Samudra had been the Chairman of various leading industry associations such as the Indian Institute of Chemical Engineers (IIChE, Mumbai Regional Center) for 3 years from 2005-08, and the Process Plant & Machinery Association of India (PPMAI) for 2 years from 2003-05.
