Billionaire Profile
Deepak Mehta
Global Rank
#3006

Image: Gujarat Vishw Kosh Trust | CC BY-SA 4.0 | via Wikimedia Commons

Deepak Mehta

CEO, Chemicals
INDIA
Real-Time Net Worth
$1.115B
Estimated based on Chemicals stock value as of March 6, 2026
-0.82% (24h)
Age
69
Source
Chemicals
Industry
Manufacturing
Citizenship
INDIA

Biography

Deepak Mehta is a prominent Indian billionaire recognized for his leadership in the chemical industry. As Chairman of Deepak Nitrite, founded by his father, he has steered the company to become a leading producer of phenol and acetone. With a reported net worth of $4.5 billion as of 2024, Mehta's wealth stems primarily from his stake in the chemical firm. He is also known for his commitment to philanthropy, focusing on improving lives in India. Mehta was also awarded the Indian Chemical Council Lifetime Achievement Award in 2024.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Deepak Mehta was born on December 12, 1956. He holds a Science Graduation from the University of Bombay. Later, he pursued an MBA from Harvard Business School.

Rise to Success

Mehta's career is marked by his significant contributions to the chemical industry. He is the Chairman of Deepak Nitrite, a company founded by his father, Chimanlal Mehta, in 1971. Deepak Nitrite has grown under his leadership to become a leading producer of phenol and acetone in India, with over 100 products and serving over 700 customers globally. He was also the Entrepreneur of the Year (EOY), by EY in 2020.

Key Business Strategies

Mehta has been at the forefront of the chemical industry, steering the Deepak Group into a market-leading position in the Chemical Intermediates sector. His leadership emphasizes sustainable and responsible manufacturing practices. Mehta has also focused on 'Make in India' philosophy. His company also commissioned the largest Phenol-Acetone plant in Dahej, Gujarat.

Philanthropy

Deepak Mehta is actively involved in philanthropy. He is a trustee at the Deepak Foundation, which focuses on improving the quality of life, particularly for women and children, and has reached over 2 million beneficiaries. He is also associated with the BAIF Development Research Foundation.

Career Milestones

1971

Deepak Nitrite founded

Deepak Nitrite was founded by his father, Chimanlal Mehta.

2020

Entrepreneur of the Year

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

2022

Best CEO Chemical Sector award

Awarded the Best CEO Chemical Sector award by Business World.

2024

Indian Chemical Council Lifetime Achievement Award

Conferred the Indian Chemical Council Lifetime Achievement Award 2024.

Philanthropy & Social Impact

Social Welfare

Deepak Foundation

Undisclosed

Dedicated to improving the quality of life for the underprivileged. The Foundation has touched the lives of over 2 million beneficiaries.