Executive Director’s Message
We have great conviction that serving our nation’s needs is the right path forward. With our Values to guide us, we intend to double down on our efforts and grow with the intention to serve.
FY 2020-21 has been an eye-opener for all that we have taken for granted. COVID-19 started of feeling like a distant threat but became all too real, too soon.
FY 2020-21 has also reaffirmed the strength of the human spirit. As we, at Deepak, adopted Work from Home, the lines between professional and personal were blurred and it brought out the best in us. As difficult as things got, a greater sense of empathy towards each other was the dominant and de facto behaviour displayed by all. The “can do, will do” attitude surfaced, and all teams came through with brilliant performance
Deepak Phenolics was conceived with humble, yet ambitious targets; to establish a stable, domestic supply of a key ingredient for an underdeveloped and import-dependent market. The challenges were not only to set up a facility to be able to produce a product. It was to set up a world-scale facility, with record breaking performance and live up to Deepak’s legacy as a dependable partner to the customers and a worthy investment to shareholders. Words do not convey the herculean effort put in by an energetic execution team with wise and experienced mentors, who, in FY 2018-19, delivered on that promise. We were producing on-spec material and fulfilling orders within mere months of start-up.
Taking advantage of the momentum, we applied ourselves in optimising the plant. Steadily debottlenecking and achieving greater throughput, we increased technical confidence and production volumes. We took calculated decisions to continue expanding our value chain and entered the IPA market. We came into production just as news of the pandemic broke and supply networks around the world had to call force majeure.
As awful as this pandemic has been, the timing of the IPA plant commissioning was a sign from destiny. We have great conviction that serving our nation’s needs is the right path forward. With our Values to guide us, we intend to double down on our efforts and grow with the intention to serve.
On behalf of the Deepak Group, I wish to express my sincerest gratitude for the trust you have placed in us and look forward to surpassing expectations.
Meghav D Mehta
Executive Director, Deepak Phenolics Ltd