Our Board and Leadership Team


Chairman & Managing Director

Shri Deepak C. Mehta’s business acumen, leadership skills and dynamism have enabled Deepak Nitrite Limited to take swift strides forward and achieve many milestones in the last 40 years. An active participant at industry forums, he has been the Chairman of the National Chemicals Committee at FICCI. He is a science graduate from the University of Bombay.


Executive Director & CEO

Shri Umesh Asaikar has been associated with Deepak Nitrite Limited as a Chief Executive Officer since September 2008. He holds a Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology Bombay, and Master’s Degree in Management Science from Jamnalal Bajaj Institute of Management Studies. He is an associate member of the Institute of Cost Accountants of India. He is also a certified coach and member of the International Coach Federation.

He has around 40 years of varied experience in the areas of Sales and Marketing, Manufacturing, Commercial and Business Management across industries, including pharmaceuticals, vitamins and fine chemicals etc. He has held various leadership positions in companies such as Parke-Davis Limited, Piramal Healthcare Limited (erstwhile Nicholas Piramal Limited) and Piramal Glass Limited (erstwhile Gujarat Glass Limited).


Director - Finance & CFO

Shri Sanjay Upadhyay is an Associate Member of the Institute of Cost Accountants of India. He is also a Fellow Member of the Institute of Company Secretaries of India. He has completed an Advanced Management Programme from Wharton, USA. He has vast experience in the areas of Finance, Accounts, Commercial and Secretarial Functions. He is associated with the Company since 1994.


Whole-Time Director

Shri Maulik D. Mehta holds a Bachelor’s Degree in Business Administration from University of Liverpool, UK. He has also done Masters in Organisational Psychology from Columbia University, USA. Shri Mehta has more than 9 years of experience in the areas of Business Development. During the span of his career, he has held important positions, including Product Head in the Company.

He also heads the Strategy cell of the Company and has taken several landmark decisions to elevate the Company to a new height.


Non-Executive Director

With extensive experience, a comprehensive approach and industry foresight, Shri Ajay C. Mehta has paved the way for innovation and excellence at Deepak Nitrite Limited. He has been actively associated with the organisation since 1984. He is a science graduate with Honours and a Master of Science in Chemical Engineering from the University of Texas, USA.


Independent Director

Shri Nimesh N. Kampani is a commerce graduate from Sydenham College, Mumbai and a fellow member of the Institute of Chartered Accountants of India. He is the founder and Chairman of the JM Financial Group, one of India’s leading players in the financial services space.

He has pioneering contributions into developments of Capital Markets. He has several landmark corporate deals to his credit which make him distinguished in the country.

Shri Kampani has served as a member of several important committees constituted by the Ministry of Finance, Government of India, Reserve Bank of India, Securities and Exchange Board of India, BSE Limited, National Stock Exchange of India Limited, Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI) and Institute of Chartered Accountants of India. He is Chairman of the CII National Council on Financial Sector Development.


Independent Director

Shri Sudhin Choksey has extensive experience in functional areas of finance, commerce and general management, both in India and abroad. He is the Managing Director of GRUH Finance Ltd. and a Fellow Member of the Institute of Chartered Accountants of India. He is a Director on the Board of Gujarat Ambuja Exports Ltd., HDFC Credila Financial Services Pvt. Ltd. and Light Microfinance Pvt. Ltd.


Independent Director

Shri Sudhir Mankad, IAS (Retd.) has served in senior positions, both with the Government of India and Government of Gujarat. His last assignment was as Chief Secretary, Government of Gujarat. Additionally, he has served as a Director/Chairman on the Board of several cement, power, fertiliser and finance companies. He is associated with several educational institutions and NGOs. He holds a Master’s degree in History from the University of Delhi. He is also a Director on the Board of Reserve Bank of India.


Independent Director

Dr. Richard H. Rupp has held various top level positions in leading multinational companies such as Hoechst AG (Germany), Lonza (Switzerland) and Allessachemie (Germany). His experience encompasses a mix of scientific, technical as well as managerial roles. He is well-acquainted with the USA, European, Asian and Indian sub-continent markets. Dr. Rupp holds a Ph.D in Chemistry from the University of Karlsruhe, Germany, and has completed a programme for Executive Development from IMD at Lausanne, Switzerland.


Independent Director

Shri S. K. Anand has a rich experience of 46 years in the field of Project Management, Operations, Corporate Planning, Quality Management, Health, Safety and Environment Management, Energy Management and Strategic Planning in petrochemicals, refining and other allied industries. He is a Bachelor of Engineering (Chemical) from Delhi University and has done a Petrochemical Course from I.I.P., Dehradun. He has also done an advanced management course from IIM Ahmedabad.


Independent Director

Dr. Swaminathan Sivaram is a polymer chemist by profession and a mentor as well as a science administrator of distinction. He is a former director of the CSIR - National Chemical Laboratory, Pune. Currently, he is an Honorary Professor and INSA Senior Scientist of the Indian Institute of Science Education and Research (IISER), Pune. He has authored over two hundred and twenty papers in peer-reviewed journals, edited two books and authored one book. He has fifty-one issued US and European patents and fifty-two Indian patents to his credit. Dr. Sivaram is a highly decorated scientist / technologist with numerous awards and honours to his credit. He was conferred Padma Shri by the President of India in 2006.

Dr. Sivaram is an alumnus of IIT-Kanpur. He earned a PhD. in Chemistry and DSc (h.c) from Purdue University, W. Lafayette, Indiana, USA.


Independent Director

Prof. Indira Parikh is the Founder President of FLAME (Foundation for Liberal and Management Education). Previously, she was the Dean of IIM-Ahmedabad from 2002 to 2005. She was a faculty member at IIM-Ahmedabad for over 30 years. She has specialised in organisation development and design, and institution building. She holds a Ph.D from Gujarat University, Ahmedabad and an MA from University of Rochester. She has designed and offered management development programmes for managerial role effectiveness, issues of roles and identity, and stress and self-renewal for men and women in organisations. She has been a consultant to various national and international organisations, both in private and public sectors.


Additional Director

Shri Sanjay Asher holds a Bachelor’s degree in commerce and a Bachelor’s degree in law from the University of Bombay. He has been a practising advocate since 1991, and was admitted as a solicitor in 1993. He is also a qualified Chartered Accountant. He is presently a senior partner with Crawford Bayley & Co, which is India’s oldest law firm, established in 1830. He specialises in the fields of corporate law and commercial law, corss-border M&A, joint ventures, and capital markets, and advises large, medium and small business enterprises on these subjects.


Additional Director

Smt. Purvi Sheth has completed her Bachelor’s Degree in Arts, Economics & Political Science from St. Xavier’s College, Mumbai University and obtained a CPD Business Strategy & Leadership Management from Wharton Business School, USA.

Smt. Purvi helps create business opportunities and competitive advantage via Strategic HR management. She has helped several businesses effectively cultivate talent engagement through advanced leadership processes and implementation in impacting business performance and productivity.