Promoter holding
64.27%
DN
Deepak Nitrite Limited - Due diligence report
A 360° intelligence report on Deepak: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Deepak — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Deepak is assessed as Low Risk with a Trust Score of 75/100. Deepak is an active public limited indian non-government company incorporated in 1970, operating in the Chemicals and Materials sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. Deepak Nitrite Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 1 open (470.00 cr) · 17 satisfied (656.36 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 5 | 48.0 cr |
| Axis Bank Limited | 2 | 48.0 cr |
| Export-Import Bank Of India | 3 | 48.0 cr |
| Export Import Bank Of India | 2 | 48.0 cr |
| Export-Emport Bank Of India | 1 | 48.0 cr |
| Ing Vysya Bank | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: CBEC, BSE, EPFO.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (1535 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GIRISH RAGHUNATH SATARKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAULIK DEEPAK MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAULIK DEEPAK MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUMIKA BATRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEGHAV DEEPAK MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOMSEKHAR NANDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DILEEP CHINUBHAI CHOKSI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK CHIMANLAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY CHIMANLAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND NATH AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PUNIT SANJAY LALBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPUL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY BAKULCHANDRA UPADHYAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESH RAMCHAND CHHABRIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Arvind Bajpai | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 15 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2025)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
5
Group entities
5
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Corporation Inc. Deepak Chem Tech Limited | Subsidiary Company | 74.00% |
| Deepak Advanced Materials Limited | Subsidiary Company | 74.00% |
| Deepak Phenolics Limited | Subsidiary Company | 74.00% |
| Narmada Thermal Power Private Limited | Subsidiary Company | 74.00% |
| Deepak Pmc Limited | Subsidiary Company | 74.00% |
Key managerial personnel: GIRISH RAGHUNATH SATARKAR (Whole-time director) · MAULIK DEEPAK MEHTA (Whole-time director) · MAULIK DEEPAK MEHTA (CEO) · SOMSEKHAR NANDA (CFO) · DEEPAK CHIMANLAL MEHTA (Managing Director) · SANJAY BAKULCHANDRA UPADHYAY (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 56+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
Outside liabilities up 0.86 in a year.
Compliance score is weak (42/100).
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 21.03 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence60/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 470.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events14 Aug 2025
Last AGM held
Annual general meeting
28 Jun 2025
Director appointed
BHUMIKA BATRA (Director)
Director appointed
ARVIND NATH AGRAWAL (Director)
Director appointed
MAHESH RAMCHAND CHHABRIA (Director)
09 Apr 2025
Director ceased
PRAKASH DINKAR SAMUDRA
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Aug 2023
Director appointed
GIRISH RAGHUNATH SATARKAR (Whole-time director)
08 Aug 2022
Director appointed
PUNIT SANJAY LALBHAI (Director)
Director appointed
VIPUL SHAH (Director)
Director ceased
SIVARAM SWAMINATHAN
Director ceased
SUDHIR GUNVANTRAY MANKAD
03 Aug 2022
Director appointed
SOMSEKHAR NANDA (CFO)
22 Jun 2022
Director ceased
MEGHAV DEEPAK MEHTA
10 May 2022
Charge satisfied
Axis Bank Limited
04 May 2022
Director appointed
MEGHAV DEEPAK MEHTA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
15 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
5 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Jesons | U24295MH1999PLC122193 | Mumbai, Maharashtra, India |
| Br Agrotech | L24119DL1989PLC036264 | New Delhi, Delhi, India |
| Nacl Industries | L24219TG1986PLC016607 | Hyderabad, Telangana, India |
| Heranba | L24231GJ1992PLC017315 | Vapi, Gujarat, India |
| Meghmani Organics Limited | L24299GJ2019PLC110321 | Ahmedabad, Gujarat, India |
| Tagros Chemicals India | U24294TN1992PTC024115 | Chennai, Tamil Nadu, India |
| Gujarat Fluorochemicals | L24304HP2018PLC011898 | Una, Himachal Pradesh, India |
| Piindustries | L24211RJ1946PLC000469 | Udaipur, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Deepak before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Deepak: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Deepak - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Deepak pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Deepak - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Deepak an active company?
Deepak has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Deepak financially healthy?
Deepak has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Deepak?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Deepak?
Promoters hold the largest single block of equity - exact percentages are in the full report. 15 active director(s) are on record.
Does Deepak have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 17 earlier charge(s) stand satisfied.
Is Deepak up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Deepak?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
