The Pune-based Deepak Nitrite Ltd (DNL), the flagship company of the Deepak group, plans to leverage on its newly acquired Aryan Pesticides Ltd for introduction of new speciality chemicals. The company has decided to focus on speciality chemicals, which is a major contributor to its export business.

D C Mehta, Managing Director, DNL said, "Being a leader in the domestic market,
we have set our sight beyond Indian shores. Our constant endeavour is to focus on exports, which will help the company not only in increasing topline growth, but also to become a multinational player. Our export business gives us multiple advantages. It helps us to hedge against depreciation. Since we are benchmarking with the multinationals, we have to constantly upgrade our products in accordance with the global standard."

Informing that the company was gradually moving from product expertise to process expertise with its R&D initiatives, Mehta added, "We are constantly moving up the value-chain by focussing on fine chemicals from intermediates."

"This gives us resilience when competiting in the international market. Also, our export business has helped to reduce our borrowings, by bringing down the net cost of borrowing to the normal banking levels," he said.

The company has completed all the post-acquisition procedures of Aryan Pesticides Ltd, which has now become a wholly-owned subsidiary of DNL.