Deepak Chemtex Ltd - Stock Valuation and Financial Performance

Deepak Chemtex was originally incorporated as a private limited Company under the name of ‘Deepak Chemtex Private Limited’ on June 10, 1997 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Thereafter, the company has shifted its registered office from Mumbai to Pune effective from May 01, 2022. The company was converted from private limited to public limited and the name of the company was changed from ‘Deepak Chemtex Private Limited’ to ‘Deepak Chemtex Limited’ vide fresh certificate of incorporation dated September 04, 2023, issued by the Registrar of Companies, Pune, Maharashtra.

The company is primarily engaged in the business of manufacturing of colorants finding its application in Food, Drug, Cosmetics, Cleaning compounds, Agriculture and other industries. Colorants are formulations of chemical intermediates, pigments or dyes and additives used to add colour to various consumables. It commenced its business in 1997 and has over the years evolved into manufacturing of a complete range of FD&C (Food, Drug and Cosmetic) colours used in the confectionary, bakery, desserts, beverages, dairy products, seasonings, pet foods, pharmaceutical products, cosmetics & personal care products. it also manufacture salt free dyes used in inkjet industry, pond dyes used in in ponds, lakes, swimming pools etc and other colorants used in car wash products, portable sanitation cleaners, detergent & soap, fuel, oil & lubricants, smoke, seed treatment, crop protection, fertilizer indicators, floral dyes etc.

Its manufacturing facility is situated at Ratnagiri District in Maharashtra and is equipped with glass lined reactors, boilers and stainless steel equipments and gets audited on a regular basis by its clients. It uses various production processes like: Sulphonation, Condensation, Bromination, Oxidation, Reduction, High pressure reactions, Purification etc which enables it to cater to niche and advanced requirements of a wider range of end-products and applications. It manufactures colorants from unwanted salts and isomers. The quality framework at its organization comprises of quality checks focused on shade testing, heavy metals detection, microbiological contamination tests and particle size analysis done by its in-house team. 

Its manufacturing facility is accredited with ISO 9001:2015 for quality management system for the manufacture and supply of chemical intermediates & dyes stuff. To ensure quality standards its manufacturing unit has also received HALAL certificate which guarantee that the food is prepared in accordance with Islamic law and is unadulterated and KOSHER certificate that a particular food item or product has been prepared in accordance with the Dietary Laws of Judaism.

Business area of the company

The company is primarily engaged in the business of manufacturing of colorants finding its application in Food, Drug, Cosmetics, Cleaning compounds, Agriculture and other industries.

Products of the company

• Lake colours
• Pond Dyes
• Car wash
• Portable sanitation cleaners
• Detergent and soap
• Fuel, oil and lubricants
• Ink and toner
• Smoke
• Floral dyes

History and milestones

• 1997: Incorporation of the company as ‘Deepak Chemtex Private Limited’ under the Companies Act, 1956.
• 1998: Land Acquired in Village Awashi, Taluka Khed, District Ratnagiri, Maharashtra for Factory.
• 2000: Received Import Export code.
• 2019: Received ISO 9001:2015.
• 2020-21: Crossed turnover of Rs 25 crore.
• 2021: Incorporated a subsidiary named as DCPL Speciality Chemicals Private Limited.
• 2021-22: Crossed revenue of Rs 50 crore.
• 2022: Registered office of company shifted from Mumbai to Ratnagiri at Factory’s address.
• 2023: Incorporated a Wholly Owned subsidiary company at New Jersey, USA named as ‘South West Chemicals Corporation’ situated at 1 Auer CT, 2nd Floor, East Brunswick NJ 08816 with Entity ID: 0450954889.
• 2023: Conversion of the company from Private Limited to Public Limited company.
• 2023: Received HALAL - certificate of Compliance in accordance with GACB Board guidelines for ‘manufacturing and exports of dyes and Chemicals’.
• 2023: Received KOSHER - certificate of Compliance for ‘manufacturing and exports of dyes and Chemicals’.