Deepak Nitrite has announced the appointment of Shri Maulik Mehta as the Deputy Managing Director of the company, effective May 9, 2026. Having previously served as the Executive Director and Chief Executive Officer, Mehta concludes his prior tenure as of May 8, 2026. This leadership transition follows a period of significant growth and strategic development under his guidance, including the launch of the company’s notable “Depend on Deepak” initiative.
Leadership Transition
Following the successful completion of his tenure as Executive Director and Chief Executive Officer on May 8, 2026, Shri Maulik Mehta has been elevated to the role of Deputy Managing Director. The appointment became effective on May 9, 2026, for a five-year term. This strategic move marks a new chapter for the leadership team as the company continues to focus on long-term sustainability and chemical manufacturing excellence.
Professional Background
Shri Maulik Mehta brings extensive expertise to his new role, holding a Bachelor of Business Administration from the University of Liverpool and a Master’s degree in Industrial and Organisational Psychology from Columbia University. Additionally, he is an alumnus of the Owner/President Management program at Harvard Business School. With over 18 years of hands-on experience, he has led initiatives in business development, patent and product development, and brand strategy.
Strategic Vision and Initiatives
During his leadership, Mehta was instrumental in navigating the company through the challenges of the COVID-19 pandemic. He is a strong advocate for ESG principles and has championed the “Responsible Chemistry” mantra, which emphasizes diversity, equity, inclusion, and circularity. Furthermore, he spearheaded the “Depend on Deepak” initiative, an organizational effort focused on creating ethical, transparent, and efficient systems to deliver value to shareholders, customers, and employees.
Corporate Governance
The company confirmed that Shri Maulik Mehta is part of the promoter family, being the son of the Chairman and Managing Director, Shri Deepak C. Mehta. He is also the brother of Shri Meghav Mehta, Deputy Managing Director, and the nephew of Shri Ajay C. Mehta, a Non-Executive Director of the company.
Source: BSE
