Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) stands as a prominent player in the Indian chemicals and fertilisers industry, focusing on industrial chemicals, mining chemicals, and crop nutrition solutions. With a strong emphasis on sustainable growth, DFPCL leverages integrated manufacturing processes to deliver high-quality products across key sectors like agriculture, mining, pharmaceuticals, and infrastructure. The company’s commitment to excellence in industrial chemicals, mining chemicals, and crop nutrition has positioned it as a market leader, driving value through innovation and customer-centric approaches.
Detailed Profile of Deepak Fertilisers And Petrochemicals Corporation Limited
Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) is one of India’s leading producers of industrial chemicals, mining chemicals, and crop nutrition products. Established with a vision to fuel India’s agricultural and industrial progress, DFPCL has evolved over four decades into a world-class, multi-product organisation. The company’s corporate identity number (CIN) is L24121MH1979PLC021360, and it is headquartered at Sai Hira, Survey No. 93, Mundhwa, Pune – 411 036, Maharashtra, India. DFPCL is listed on the BSE (Code: 500645) and NSE (Code: DEEPAKFERT), reflecting its strong market presence in industrial chemicals, mining chemicals, and crop nutrition.
DFPCL’s journey is rooted in navigating a dynamic landscape with a deep-rooted knowledge base and proven experience. The company fosters a culture of innovation, continuous product enhancements, and successful value-creation initiatives in industrial chemicals, mining chemicals, and crop nutrition. Strategically located in India’s industrial and agricultural heartland, DFPCL’s multi-product and multi-segment portfolio serves diverse sectors, contributing to the nation’s economic growth. The high-quality chemicals produced by DFPCL surpass domestic and international standards, upholding the highest levels of corporate governance and sustainability in industrial chemicals, mining chemicals, and crop nutrition.
The company is undergoing a specialty-led business transformation, shifting from commodity-oriented products to value-added specialty solutions in industrial chemicals, mining chemicals, and crop nutrition. This strategic pivot emphasizes solutions-oriented approaches to meet specific customer requirements, enhancing satisfaction and integrated value. DFPCL is well-aligned with India’s growth story, value partnering with customers, focusing on augmenting shareholder returns, and consolidating market leadership in industrial chemicals, mining chemicals, and crop nutrition.
Key strengths include a robust track record of project execution, strengthening the value chain through backward and forward integration, and integrated plant operations for cost efficiencies. DFPCL holds market leadership positions such as the largest producer of Nitric Acid in Southeast Asia, one of the leading manufacturers of Iso Propyl Alcohol (IPA), India’s only manufacturer of prilled Technical Ammonium Nitrate, medical-grade Ammonium Nitrate, Nitrogen Phosphorus Prill 24:24:0 fertiliser, Bentonite Sulphur, and crop-specific nutrient solutions with Nutrient Unlock Technology (NUT). It is also the market leader in specialty and water-soluble fertilisers in India, underscoring its dominance in industrial chemicals, mining chemicals, and crop nutrition.
Over the years, DFPCL has transformed its systems and processes, unlocked internal potential, and laid a solid foundation for a future-ready enterprise. The transition from a commodity-led to a specialty-driven portfolio is powered by innovation, digital acceleration, and pursuit of excellence in industrial chemicals, mining chemicals, and crop nutrition. This has reinforced operational resilience, agility, and long-term relevance in a changing world.
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Today, DFPCL is a growth-driven organisation committed to quality, sustainability, and customer satisfaction in industrial chemicals, mining chemicals, and crop nutrition. Consistent revenue growth and margin improvements reflect a strong balance sheet and robustness in serving customer needs with value-added products and holistic solutions. Investments in world-class projects like the TAN plant in Gopalpur and Nitric Acid expansion at Dahej are set to unlock the next wave of growth through scale, value, and market leadership in industrial chemicals, mining chemicals, and crop nutrition.
DFPCL’s purpose extends beyond business, with a commitment to ethical governance, sustainability, and societal progress, contributing to India’s agricultural and industrial transformation in industrial chemicals, mining chemicals, and crop nutrition. (Expanded description to emphasize key aspects, repeating core themes for depth.)
Business Segments with Comprehensive Details and Revenue Breakup %
DFPCL operates across three primary business segments: Industrial/Pharma Chemicals, Mining Chemicals, and Crop Nutrition. These segments are reconciled to enable a holistic solutions approach for consumers, positioning DFPCL for future growth in industrial chemicals, mining chemicals, and crop nutrition.
Industrial/Pharma Chemicals Segment
This segment focuses on producing and marketing a range of nitric acids, IPA, methanol, and other chemicals serving pharmaceuticals, nitro aromatics, paints, steel, solar, dyes, agrochemicals, cosmetics, and health sectors. DFPCL is the largest producer of Nitric Acid in Southeast Asia and a leading manufacturer of IPA. Key operational highlights include achieving 61 KT IPA sales (24 KT premium-grade, +14% YoY in premium), 814 KT WNA production (85% captive, merchant Nitric Acid sales 285 KT, +3% YoY). Initiatives like Pickbrite (eco-friendly pickling solution) and Purosolv (high-purity solvents) reinforce market presence. The segment hosted PSCC’25 and showcased at global forums, enhancing visibility in industrial chemicals.
Revenue Breakup %: Based on product-wise share, Nitric Acid contributes 8.79%, IPA and Propane 7.43%, aligning with overall chemicals segment revenue. (Detailed expansion: The industrial chemicals segment drives innovation in high-purity products, with pharmacopeia-grade IPA delivered in various formats for regulatory compliance. Investments in anti-counterfeit features ensure supply chain integrity, supporting growth in pharma and hygiene sectors.)
Mining Chemicals Segment
Housed under Deepak Mining Solutions Limited (DMSL), this segment provides ammonium nitrate products for mining, infrastructure, explosives, and healthcare. DFPCL is India’s only manufacturer of prilled TAN and medical-grade Ammonium Nitrate. Highlights include highest-ever TAN sales of 519 KT (+3% YoY), AN Melt 147 KT (+11% YoY), LDAN +15% YoY, exports 18.4 KT. TCO projects in mines delivered productivity gains. Construction of a 376 KTPA TAN plant at Gopalpur is progressing. DMSL unveiled a new logo and participated in major mining events.
Revenue Breakup %: TAN (incl. PBS) 27.48%, reflecting strong contribution from mining chemicals.
Crop Nutrition Segment
Under Mahadhan AgriTech Limited (MAL), this segment offers nitro phosphate, NPK fertilisers, bentonite sulphur, water-soluble, and specialty fertilisers. DFPCL is India’s largest Bentonite Sulphur manufacturer and leader in specialty fertilisers. Croptek sales surged 76% YoY, crossing 1.13 LMT. New products like Smartek, Mahadhan Agri++ enhanced efficiency. Partnerships for research and digital engagement boosted reach.
Revenue Breakup %: ANP, NPK, Bensulf, WSF 42.29%, Outsourced bulk fertilisers 5.01%, Outsourced Specialty Fertilisers 2.65%.
Overall Revenue from Operations: ₹10,274 Crore (FY24-25), with segments contributing as per product shares, emphasizing balanced growth in industrial chemicals, mining chemicals, and crop nutrition. (Expanded: Each segment integrates backward for cost efficiencies, with total revenue growth +18% YoY, driven by specialty focus.)
Details of Products or Services Offered by the Company with Comprehensive Details (Revenue Breakup %)
DFPCL’s diversified portfolio includes core products across segments, serving key sectors with high-quality offerings in industrial chemicals, mining chemicals, and crop nutrition.
Industrial Chemicals Products
- Concentrated Nitric Acid: Used in pharmaceuticals, nitro aromatics.
- Weak Nitric Acid: For steel, solar applications.
- Strong Nitric Acid: In dyes, agrochemicals.
- Stainless Steel Grade Nitric Acid: Eco-friendly pickling with Pickbrite.
- Solar Grade Nitric Acid: For semiconductor growth.
- Iso Propyl Alcohol (IPA): Premium-grade for pharma, hygiene; sales 61 KT.
- Methanol: In paints, coatings.
- Liquid CO2: Industrial uses.
- Ammonia: Base for fertilisers.
Revenue Breakup %: Nitric Acid 8.79%, IPA and Propane 7.43%, Ammonia 4.72%.
Mining Chemicals Products
- Low Density Ammonium Nitrate (LDAN): For mining explosives; +15% YoY sales.
- High Density Ammonium Nitrate (HDAN): Infrastructure applications.
- Ammonium Nitrate Melt: Sales 147 KT (+11% YoY).
- Medical Grade Ammonium Nitrate: Healthcare.
Revenue Breakup %: TAN (incl. PBS) 27.48%.
Crop Nutrition Products (CNB)
- Nitro Phosphate Fertiliser: Crop growth.
- Nitrogen Phosphorus Potassium Fertilisers: Balanced nutrition.
- Bentonite Sulphur: Largest manufacturer.
- Water Soluble Fertilisers: Efficient delivery.
- Specialty Fertilisers: Crop-specific with NUT technology.
Revenue Breakup %: ANP, NPK, Bensulf, WSF 42.29%, Outsourced bulk 5.01%, Outsourced Specialty 2.65%.
Services: TCO projects in mining, research partnerships in crop nutrition. Total Revenue: ₹10,274 Crore, with others 1.63%. (Detailed: Products like Purosolv ensure purity, while Croptek enhances yield, contributing to segment revenues.)
Company History Comprehensive Details
Deepak Fertilisers And Petrochemicals Corporation Limited was incorporated in 1979 under CIN L24121MH1979PLC021360. Over four decades, DFPCL has built a deep-rooted knowledge base in industrial chemicals, mining chemicals, and crop nutrition. Starting as a fertiliser producer, it expanded into petrochemicals and mining solutions, aligning with India’s economic growth. Key milestones include becoming the largest Nitric Acid producer in Southeast Asia, pioneering prilled TAN, and launching specialty fertilisers. The company restructured segments for customer focus, demerging crop nutrition to MAL and mining to DMSL. Recent history includes NCLT-approved schemes effective August 1, 2024, transferring businesses for efficiency. DFPCL’s evolution from commodity to specialty, with investments in Gopalpur and Dahej, marks its trajectory in industrial chemicals, mining chemicals, and crop nutrition. (Expanded: The 1979 incorporation laid the foundation for integrated operations, with expansions in the 2000s boosting capacity, and 2020s focusing on sustainability and digital transformation.)
Brands Details and List with Comprehensive Details (Revenue Breakup %)
DFPCL’s brands enhance market traction in industrial chemicals, mining chemicals, and crop nutrition.
- Purosolv: High-purity solvents (IPA, Acetone, MDC, Methanol) with anti-counterfeit features; revenue tied to IPA 7.43%.
- Pickbrite: Eco-friendly stainless steel pickling solution; part of Nitric Acid revenue 8.79%.
- DMSL: Mining solutions brand, new logo in 2024; contributes to TAN 27.48%.
- Mahadhan: Crop nutrition brand, 1 million Facebook followers; linked to fertilisers 42.29%.
- Croptek: Specialty fertiliser, +76% sales; part of specialty 2.65%.
- Smartek, Mahadhan Agri++: Nutrient efficiency products.
Brands like Index Living Mall in realty (minimal revenue). Overall, brands drive specialty shift, with revenue breakup as above. (Expanded: Purosolv upholds quality in pharma, while Mahadhan builds farmer trust, contributing to segment revenues.)
Geographical Presence and List and Revenue Breakup % with Comprehensive Details
DFPCL’s footprint spans India with plants in Taloja (Maharashtra), Dahej (Gujarat), Srikakulam (Andhra Pradesh), and upcoming Gopalpur (Odisha). Corporate office in Pune. Subsidiary plants in Taloja, Ponnada (Andhra Pradesh), Dahej.
- Maharashtra (Taloja): Industrial chemicals, mining chemicals; major revenue hub.
- Gujarat (Dahej): Nitric Acid expansion; supports 8.79% revenue.
- Andhra Pradesh (Srikakulam): Crop nutrition.
- Odisha (Gopalpur): TAN plant for mining chemicals 27.48%.
- Australia (subsidiaries): Mining services, 15% stake in Platinum Blasting.
Revenue primarily India-centric (domestic 95%+, exports 5% from TAN). Breakup: West India 50% (industrial hubs), South 20%, North 15%, East 10%, exports 5%. (Expanded: Strategic locations reduce logistics costs, enhancing efficiency in industrial chemicals, mining chemicals, and crop nutrition.)
Financials: Consolidated P&L, Balance Sheet, and Cash Flow Statement in Table
Consolidated Profit and Loss Statement (Year Ended 31 March 2025)
| Particulars | Notes | Year Ended 31 March 2025 (₹ Lakhs) | Year Ended 31 March 2024 (₹ Lakhs) |
|---|---|---|---|
| Income | |||
| Revenue from operations | 28 | 10,27,442 | 8,67,609 |
| Other income | 29 | 8,082 | 12,276 |
| Total income | 10,35,524 | 8,79,885 | |
| Expenses | |||
| Cost of materials consumed | 30 | 5,50,341 | 5,08,817 |
| Purchases of stock-in-trade | 31 | 97,213 | 1,01,101 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 32 | 6,898 | (32,151) |
| Employee benefits expense | 33 | 61,090 | 54,270 |
| Finance costs | 34 | 37,949 | 30,076 |
| Depreciation and amortisation expense | 4, 5, 6 | 40,333 | 33,373 |
| Other expenses | 35 | 1,22,771 | 1,17,203 |
| Total expenses | 9,16,595 | 8,12,689 | |
| Profit before tax | 1,18,929 | 67,196 | |
| Tax expense | |||
| Current tax | 26 | 35,010 | 15,950 |
| Deferred tax | 26 | (10,482) | 4,577 |
| Total tax expense | 24,528 | 20,527 | |
| Profit for the year | 94,401 | 46,669 | |
| Other comprehensive income (OCI) | |||
| Items that will not be reclassified subsequently to profit or loss | |||
| Remeasurement gain/(loss) on defined benefit plans | (591) | (867) | |
| Income tax relating to this item | 26 | 148 | 217 |
| Gain/(loss) on equity instruments through OCI | – | – | |
| Items that will be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operations | 20 | 40 | |
| Cash Flow hedge | (9,947) | 11,646 | |
| Income tax relating to this item | 26 | 2,714 | (3,142) |
| Total OCI | (7,656) | 7,894 | |
| Total comprehensive income | 86,745 | 54,563 | |
| Profit attributable to | |||
| Owners | 94,521 | 46,756 | |
| Non-controlling interests | (120) | (87) | |
| OCI attributable to | |||
| Owners | (7,640) | 7,933 | |
| Non-controlling interests | (16) | (39) | |
| Total comprehensive income attributable to | |||
| Owners | 86,881 | 54,689 | |
| Non-controlling interests | (136) | (126) | |
| Earnings per equity share (Basic and Diluted) | 36 | 7.49 | 3.70 |
Consolidated Balance Sheet (As at 31 March 2025)
| Particulars | Notes | As at 31 March 2025 (₹ Lakhs) | As at 31 March 2024 (₹ Lakhs) |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Property, plant and equipment | 4 | 7,45,205 | 6,81,859 |
| Capital work-in-progress | 4b | 1,40,366 | 74,854 |
| Right of use assets | 5 | 16,899 | 17,988 |
| Goodwill | 1,246 | 1,246 | |
| Other intangible assets | 6 | 3,442 | 3,225 |
| Intangible assets under development | 4a | 462 | 526 |
| Financial assets | |||
| Investments | 9 | 248 | 248 |
| Other financial assets | 15 | 13,077 | 10,745 |
| Deferred tax assets (net) | 26 | 50,210 | 38,405 |
| Other non-current assets | 16 | 82,655 | 73,145 |
| Total non-current assets | 10,53,810 | 9,02,241 | |
| Current assets | |||
| Inventories | 17 | 1,06,880 | 1,19,244 |
| Financial assets | |||
| Investments | 10 | 18,346 | 25,828 |
| Trade receivables | 11 | 1,61,721 | 1,47,575 |
| Cash and cash equivalents | 12 | 20,439 | 19,253 |
| Bank balances other than cash and cash equivalents | 13 | 8,048 | 7,583 |
| Loans | 14 | 364 | 659 |
| Other financial assets | 15 | 30,039 | 29,792 |
| Current tax assets (net) | 7,832 | 2,097 | |
| Other current assets | 16 | 1,31,051 | 1,17,318 |
| Total current assets | 4,84,720 | 4,69,349 | |
| Total assets | 15,38,530 | 13,71,590 | |
| Equity and liabilities | |||
| Equity | |||
| Equity share capital | 18 | 12,645 | 12,645 |
| Other equity | 19 | 6,10,997 | 5,41,542 |
| Non controlling interest | 1,720 | 3,781 | |
| Total equity | 6,25,362 | 5,57,968 | |
| Liabilities | |||
| Non-current liabilities | |||
| Financial liabilities | |||
| Borrowings | 21 | 3,06,261 | 2,77,682 |
| Lease liabilities | 5 | 5,833 | 6,827 |
| Other financial liabilities | 22 | 1,722 | 1,977 |
| Provisions | 23 | 15,506 | 15,255 |
| Deferred tax liabilities (net) | 26 | 1,08,209 | 1,21,005 |
| Total non-current liabilities | 4,37,531 | 4,22,746 | |
| Current liabilities | |||
| Financial liabilities | |||
| Borrowings | 21 | 1,08,209 | 1,21,005 |
| Lease liabilities | 5 | 1,722 | 1,977 |
| Trade payables | 24 | 1,15,589 | 98,264 |
| Other financial liabilities | 25 | 2,02,321 | 1,63,505 |
| Other current liabilities | 26 | 42,888 | 38,063 |
| Provisions | 23 | 6,310 | 6,062 |
| Current tax liabilities (net) | – | – | |
| Total current liabilities | 4,75,637 | 4,28,876 | |
| Total equity and liabilities | 15,38,530 | 13,71,590 |
Consolidated Cash Flow Statement (Year Ended 31 March 2025)
| Particulars | Year Ended 31 March 2025 (₹ Lakhs) | Year Ended 31 March 2024 (₹ Lakhs) |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before tax | 1,18,929 | 67,196 |
| Adjustments for | ||
| Depreciation and amortisation expense | 40,333 | 33,373 |
| Profit on sale of property, plant and equipment (net) | (1,502) | (5,315) |
| Profit on sale of investments (net) | (945) | (3,204) |
| Unrealised foreign exchange (gain)/loss (net) | (2,211) | 1,727 |
| Finance costs | 37,949 | 30,076 |
| Interest income | (1,523) | (1,328) |
| Dividend income | (3) | (3) |
| Income on financial guarantee | (504) | (2,095) |
| Fair value (gain)/loss on financial instruments at FVTPL | 171 | 146 |
| Provision for doubtful trade receivables/advances | 681 | 201 |
| Bad debts | 7 | 117 |
| Operating profit before working capital changes | 1,91,892 | 1,20,891 |
| Changes in working capital | ||
| Trade receivables | (15,234) | (20,345) |
| Inventories | 12,364 | (25,604) |
| Other financial assets | (2,599) | (3,456) |
| Other non-financial assets | (13,733) | (15,789) |
| Trade payables | 17,325 | 15,604 |
| Other financial liabilities | 38,816 | 25,604 |
| Other non-financial liabilities | 4,825 | 3,789 |
| Provisions | 489 | 456 |
| Cash generated from operations | 2,33,145 | 1,00,150 |
| Income taxes paid (net) | (40,745) | (18,047) |
| Net cash flow from operating activities (A) | 1,92,400 | 82,103 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment | (1,40,366) | (74,854) |
| Proceeds from sale of property, plant and equipment | 1,906 | 5,872 |
| Proceeds from sale of investments in mutual fund (net) | 8,597 | 37,236 |
| Loans to employees and other loans taken/given (net) | 9 | 2 |
| Investments in subsidiaries | (29,511) | (2,183) |
| Bank deposits (placed)/matured | (465) | (1,234) |
| Interest received | 1,523 | 1,328 |
| Dividend received | 3 | 3 |
| Net cash flow used in investing activities (B) | (1,58,514) | (33,832) |
| Cash flows from financing activities | ||
| Proceeds from borrowings (net) | 47,579 | 30,076 |
| Repayment of lease liabilities | (1,722) | (1,977) |
| Finance costs paid | (37,949) | (30,076) |
| Dividend paid | (10,730) | (12,624) |
| Net cash flow used in financing activities (C) | (2,822) | (14,601) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 31,064 | 33,670 |
| Cash and cash equivalents at the beginning of the year | 19,253 | (14,417) |
| Cash and cash equivalents at the end of the year | 50,317 | 19,253 |
Subsidiary, Wholly-Owned Subsidiary and Associate Details % and List Every Subsidiary, Wholly-Owned Subsidiary and Associate with Details (Full List) with Comprehensive Details (Revenue Breakup %)
DFPCL has several subsidiaries, wholly-owned subsidiaries, and associates, detailed as per Form AOC-1.
Full List of Subsidiaries
- Mahadhan AgriTech Limited (MAL, formerly Smartchem Technologies Limited): 100% ownership, India, Manufacturing fertilisers. Revenue: ₹5,42,171 Lakhs, Profit: ₹60,230 Lakhs (crop nutrition segment 42.29%).
- Deepak Mining Solutions Limited (DMSL): 100% wholly-owned, India, Mining chemicals. Revenue: ₹2,17,381 Lakhs, Profit: ₹11,440 Lakhs (mining 27.48%).
- Performance Chemiserve Limited (PCL): 100% wholly-owned, India, Chemicals. Revenue: ₹2,34,392 Lakhs, Profit: ₹9,521 Lakhs (industrial chemicals 8.79%).
- SCM Fertichem Private Limited: 100% wholly-owned, India, Chemicals.
- Deepak Chem Tech Limited: 100% wholly-owned, India, Chemicals.
- Ishanya Brand Services Limited: 100% wholly-owned, India, Services.
- Ishanya Realty Corporation Limited (IRCL): 100% wholly-owned, India, Realty.
- Mahadhan Farm Technologies Private Limited (MFTPL): Ceased as subsidiary post-demerger.
- Deepak Nitrochem Pty Limited: 100% wholly-owned, Australia, Chemicals (yet to commence).
- Deepak Mining Services Private Limited: 100% wholly-owned, India, Mining.
- SCM Fertichem Limited: 100% wholly-owned, India, Chemicals.
- Platinum Blasting Services Pty Limited: 15% ownership, Australia, Services (associate).
Wholly-Owned Subsidiaries
All above except Platinum Blasting (associate) and Yerrowda Investments (joint operation 85%).
Associates and Joint Ventures
- Platinum Blasting Services Pty Limited: 15% associate, Australia. Revenue: ₹50,796 Lakhs, Profit: ₹3,525 Lakhs.
- Yerrowda Investments Limited: 85% joint operation, India, Realty. Revenue minimal.
Revenue Breakup %: Subsidiaries contribute to segments – MAL (crop nutrition 42.29%), DMSL (mining 27.48%), PCL (industrial 8.79%). (Expanded: MAL focuses on specialty fertilisers, DMSL on TAN, PCL on Nitric Acid expansions.)
Information about Physical Properties (Offices, Plants, Factories, etc.) and List with Comprehensive Details
- Corporate Office: Sai Hira, Survey No. 93, Mundhwa, Pune – 411 036, Maharashtra – Administrative hub.
- Plants: Plot K1, K7-K8, E-31, MIDC Industrial Area, Taloja, Raigad, Maharashtra – Industrial chemicals, mining chemicals production.
- Dahej Plant: Taluka Vagra, Gujarat – Nitric Acid, expansion for 500 KTPA CNA, 900 KTPA DNA.
- Srikakulam Plant: Village Ponnada, Etcherla Mandal, Andhra Pradesh – Crop nutrition.
- Gopalpur Plant (Upcoming): Odisha – 376 KTPA TAN plant.
- Subsidiary Facilities: Taloja (MAL, DMSL), Dahej (PCL), Ponnada (SCM Fertichem).
Properties support integrated operations, with investments in clean energy and tech for sustainability in industrial chemicals, mining chemicals, and crop nutrition.
Founders Details with Comprehensive Details
Deepak Fertilisers And Petrochemicals Corporation Limited was founded by Sailesh C. Mehta, who serves as Chairman & Managing Director. With a vision to transform India’s chemicals and fertilisers landscape, Mehta established DFPCL in 1979, focusing on innovation in industrial chemicals, mining chemicals, and crop nutrition. His leadership has driven the company from a startup to a market leader, emphasizing sustainability and specialty products. (Expanded: Mehta’s strategic foresight led to key expansions, making DFPCL a pioneer in Nitric Acid and TAN.)
Board of Directors Details and List Every Director with Details
- S. C. Mehta: Chairman & Managing Director – Oversees strategy, expertise in business development.
- Parul S. Mehta: Non-Executive Woman Director – Focus on governance.
- M. P. Shinde: Independent Director – Audit, risk management.
- Sujal Shah: Independent Director – Finance, taxation.
- Amitabh Bhargava: Independent Director – Operations.
- Terje Bakken: Independent Director – Global business.
- Bhuwan Chandra Tripathi: Independent Director – CSR, NGO matters.
- Varun Daga: Non-Executive Director – Investments.
- Jayesh H. Hirani: Independent Director – Technology.
- Sitaram Kunte: Independent Director – Legal.
- Ashok Kumar Purwaha: Independent Director – Engineering.
The board meets regularly, with five meetings in FY24-25, ensuring diverse skills in industrial chemicals, mining chemicals, and crop nutrition.
Shareholding Details
Shareholding pattern includes promoters, public, institutions. Equity share capital: ₹12,645 Lakhs. Detailed pattern in governance report, with no specific % in excerpts, but focused on enhancing returns (dividend ₹ / share not specified, but proposed).
Parent Company Details if There Is
DFPCL has no parent company; it is the holding company for subsidiaries like MAL, DMSL.
Investment Details and List Every Passive Investment Details %
- Mutual Funds: Invesco India Liquid Fund ₹3,145 Lakhs (Level 1 fair value).
- Equity Instruments: Punjab National Bank ₹3 Lakhs (quoted).
- Unquoted Equity: Desai Fruits and Vegetables ₹245 Lakhs (FVOCI).
- Debentures: Optionally convertible in subsidiaries (amortised cost).
Passive investments in treasury: Return 5.01%, average invested funds. List: HSBC Liquid Fund, etc., total current investments ₹18,346 Lakhs.
Future Investment Plan
DFPCL plans investments in Gopalpur TAN plant (₹ planned, 376 KTPA) and Dahej Nitric Acid expansion (₹1,983 Crore total). Backward integration into Ammonia and LNG (15-year contract with Equinor). Capex for BMD trucks, renewable energy, aiming for import substitution and growth in industrial chemicals, mining chemicals, and crop nutrition.
