BillionaireNet
Mehta
Deepak Mehta
Rank #2895
INDIAManufacturingChemicals

Deepak Mehta

Net Worth
$1.173B
-1.03% (24h)
Deepak Mehta is a prominent Indian billionaire, currently ranked #2872 globally by Forbes. His primary source of wealth stems from his leadership as Chairman of Deepak Nitrite, a leading Indian chemical company. With an estimated net worth of $1.2 Billion as of 2024, Mehta has steered Deepak Nitrite into a major player in the chemical intermediates sector, with a focus on responsible manufacturing. Mehta's career spans over five decades, marked by significant contributions to the Indian chemical industry and a strong commitment to sustainable practices. He is also actively involved in philanthropic endeavors through the Deepak Foundation.

The Full Dossier

Early Life and Career Beginnings

Deepak Mehta embarked on his entrepreneurial journey over five decades ago, following his science degree from the University of Mumbai. He started his career working alongside his father, late Shri Chimanlal K. Mehta, in the chemical intermediates sector. This early exposure laid the foundation for his future success and leadership in the industry.

Rise to Success

Through his dedication and vision, Mehta transformed Deepak Group into a leading manufacturer of chemical intermediates. The company boasts state-of-the-art facilities and offers a diverse range of over 34 premium products. Deepak Group serves over 1,500 customers across 45+ countries. Under his guidance, Deepak Nitrite commissioned India's largest Phenol-Acetone plant, a facility known for its cutting-edge green technology.

Key Business Strategies

Mehta has been a pioneer in the Make in India initiative, driving innovation and expansion within the chemical sector. His focus on 'Responsible Chemistry' has been a cornerstone of his business philosophy, emphasizing sustainability and ethical practices. He has also championed policies to strengthen the chemical and petrochemical industries, promoting innovation, collaboration, and manufacturing excellence in India. Through his vision, he has implemented the 'Value from Waste' and 'Triple Bottomline' elements at the heart of the company's operations. His leadership led Deepak Nitrite to be recognized as a leader in Basic intermediates, Fine & Specialty Chemicals, Performance Products, and Petrochemical intermediates.

Philanthropy

Deepak Mehta actively supports Corporate Social Responsibility (CSR) initiatives through the Deepak Foundation. These initiatives are focused on enhancing education, healthcare, skill development, and women's empowerment within rural communities across four states in India. These efforts have impacted over 800,000 beneficiaries, demonstrating Mehta's commitment to giving back to society.

Career Timeline

2024

ICC Lifetime Achievement Award

Conferred with the prestigious Indian Chemical Council (ICC) Lifetime Achievement Award for his contributions to India's chemical manufacturing sector.

2023

Indian Chemical Council Lifetime Achievement Award

Conferred with the prestigious Indian Chemical Council (ICC) Lifetime Achievement Award for his contributions to India's chemical manufacturing sector.

2020

EY Entrepreneur of The Year

Chosen as the Entrepreneur of the Year (EOY) by EY in 2020.

2000s

Expanded Deepak Group

Expanded the Deepak Group into a leading manufacturer of chemical intermediates.

1971

Co-founded Deepak Nitrite

Joined his father, Chimanlal K. Mehta, in the chemical intermediates business, marking the beginning of his journey in the industry.

Philanthropic Impact

Community DevelopmentN/A

Deepak Foundation Initiatives

Enhancing education, healthcare, skill development, and women's empowerment in rural communities across four states in India.

Wealth Trajectory