Deepak Fertilisers and Petrochemicals Corporation Limited Announces Executive Changes
July 26, 2023 at 02:53 pm IST
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Deepak Fertilisers And Petrochemicals Corporation Limited at its board meeting held on July 26, 2023, approved the relinquishment of office of Chief Financial Officer of the Company by Mr. Amitabh Bhargava with effect from close of working hours on July 31, 2023 and his appointment as President and Chief Strategy Officer of the Company, effective August 1, 2023. The company approved the appointment of Mr. Deepak Rastogi as President and Chief Financial Officer of the company, effective August 1, 2023 in place of Mr. Amitabh Bhargava. Mr. Rastogi is a qualified Chartered Accountant and
an MBA from S. P. Jain Institute of Research & Management. He was last associated with Tata Autocomp Systems Limited as President & Group CFO and was part of Executive Office responsible for driving Profit & Loss, growth & strategy for the Group and has proven ability of turning around two businesses, managing joint venture relationships, strategic thinking combined with business acumen helping leadership team to prepare short & long-term strategic plans, investment decisions, joint ventures, and acquisitions. He also has diverse industry experience and international work experience handling China, India, ASEAN, Australia, Korea, Japan, Middle East, Sweden & US to lead and develop diverse finance team. Mr. Bhargava is a B. Tech in Chemical Engineering from Indian Institute of Technology, BHU, Varanasi and MBA (Finance) from S. P. Jain Institute of Management & Research, Mumbai. Mr. Bhargava has over 30 years of experience in Corporate Finance, Project Finance, Private Equity, Consulting, General Management and Project Management & Operations. As President & CFO of the Company, over more than 5 years, he led Treasury, Project & Corporate Finance, Accounts, Taxation, Financial Planning & Budgeting, Investor Relationship, Legal & Compliance and Company Secretarial functions.
Deepak Fertilisers and Petrochemicals Corporation Limited is primarily engaged in the business of manufacture, trading, and sale of bulk chemicals. It also has operations in value added real estate. The Company operates through three segments: Chemicals, Bulk Fertilizers, and Realty. Its Chemicals segment offers products, such as ammonia, methanol, dilute nitric acid, concentrated nitric acid, carbon dioxide (CO2), technical ammonium nitrate, iso-propyl alcohol, propane, bulk, and specialty chemicals. Its Bulk Fertilizers segment offers products, such as nitro phosphate (NP), muriate of potash, diammonium phosphate (DAP), single super phosphate, Sulphur, micronutrients, single superphosphate (SSF) and bio fertilizers. Its Realty segment includes the real estate business. Its Windmill segment includes windmill power. It offers a range of NP, nitrogen phosphorous potassium variants, water soluble fertilizers and bentonite Sulphur to Indian farmers under its Mahadhan brand.