DEEPAK NOVOCHEM TECHNOLOGIES LIMITED (DNTL)
- DNTL develops and manufactures basic building blocks for various performance oriented end use applications in Epoxies, Herbicides, Pharmaceuticals, Flavours & Fragrances, Adhesives, Construction Chemicals, Electrical & Electronics, Antioxidants, Specialty Resins & Polymers and so on.
- DNTL is part of Deepak Group, with 50+ years presence and many laurels:
- Market leader in Indian Chemical Industry
- Customers in 30+ countries
- 70% Market share in Sodium Nitrite, Sodium Nitrate & Nitro Toluenes in India,
- Among Top 3 Global producer of Xylidines, Cumidines and Oximes,
- Turnover of INR 4,381 crores and Market cap of INR 22,600 crores in FY’21
- Well known for their following businesses:
- Deepak Nitrite Limited (https://www.godeepak.com/)
- Deepak Fertilizers and Petrochemicals Corporation Limited (https://www.dfpcl.com/)
DECISION TO IMPLEMENT LAWRBIT’S GCMS
- Part of group with listed companies, having common Directors and Governance requirement, it’s important to have a strong Compliance Management Framework.
- The group implemented Compliance Management Solution from a Big 4 which wasn’t meeting their expectations regards to frequent changing regulations and technology upgrades.
CLIENT’S CHALLENGES
- Manual reporting, consolidation and preparation of Compliance Certificate
- Not confident of comprehensive coverage of laws and compliance in manual framework
- Manual search for applicable Regulatory Updates is a broken and inconsistent process
- Unsure about applicability and coverage of Import and Export Rules and compliance
- Instances of missed Compliance, broken Communication during Covid-19 and Natural calamities
LAWRBIT GCMS IMPLEMENTATION
Lawrbit engaged with DNTL in mid 2021; and conducted a thorough Business Discovery across locations. Our Legal and Customer Success teams engaged with their functional Heads / experts across locations to understand the operational process and workings of the company. The Project was divided in 4 stages:
- Phase – 1: Business Discovery using questionnaires and interviews
- Phase – 2: Identification of applicable laws and compliance by location
- Phase – 3: Identification of Responsibility and ownership matrix
- Phase – 4: Software customisation, user training and Go-Live
LIFETIME BENEFACTION
DNTL now enjoys the benefits of our lifetime support:
- Real time Regulatory Updates across all laws
- Automated Technology updates and upgrades
- Ticket based End User Support with
- Periodic Compliance Health Check
THE UPSHOT
- The Group Legal and Compliance team now has Real time access to Compliance status and Risks
- All entities including plant, R&D, Warehouse etc. are aware of compliance obligations and sensitive
- Clearly defined responsibility across functions
- Management Reports through analytic dashboards, regulatory updates, Compliance Certificate etc.
PROJECT HIGHLIGHTS
- No. of Locations: 4
- 60+ Applicable Laws & Rules
- 1,800+ Compliance applicable
- 20+ Departments
- Dedicated Customer Support Manager
- Periodic Compliance Health Checks and corrections
- Clear visibility at Group level
LIST OF KEY LAWS APPLICABLE ON the CLIENT
- Air Pollution Act – Maharashtra
- Anti-Smoking Act
- Apprentices Act
- Batteries Management Rules
- Bio-Medical Waste Management Rules – Maharashtra
- Child and Adolescent Labour Act
- Companies Act, 2013
- Construction & Demolition waste Management Rules – Maharashtra
- Contract Labour Act- Maharashtra
- Copyright Act
- Customs Act
- Designs Act
- Disaster Management Act – Maharashtra
- Electricity Act – Central
- Electricity Duty Act-Maharashtra
- EPF Act
- Employee’s Compensation Act – Haryana
- Environment Protection Act
- Equal Remuneration Act
- ESI Act
- E-Waste Management Rules
- Factories Act – Maharashtra
- Fire Prevention and Life Safety Measures Act – Maharashtra
- Foreign Trade Policy
- Gas Cylinder Rules
- GST Act – Maharashtra
- Hazardous and Other Wastes Rules – Maharashtra
- Income Tax Act
- Indian Wireless Telegraphy Act – Central
- Industrial Disputes Act – Maharashtra
- Industrial Employment (Standing Orders) Act – Maharashtra
- Industrial Establishments(National and Festival Holidays) Act – Haryana
- Information Technology Act
- Inter-State Migrant Workmen Act – Maharashtra
- Labour Welfare Fund Act – Maharashtra
- Legal Metrology Act-Maharashtra
- Lifts, Escalators and Moving Walks Act – Maharashtra
- Maharashtra-Private Security Agencies Act
- Manufacture, Storage And Import Of Hazardous Chemical Rules – Maharashtra
- Master Direction – Export of Goods and Services
- Master Direction – Import of Goods and Services
- Maternity Benefit Act – Maharashtra
- Minimum wages Act – Maharashtra
- Motor Vehicles Act – Maharashtra
- Mathadi, Hamal and other Manual Workers (Regulation of Employment and Welfare) Act – Maharashtra
- MSME Act
- Noise Pollution Rules-Maharashtra
- Non-Biodegradable Garbage Act -Maharashtra
- Payment of Gratuity Act – Maharashtra
- Payment of Bonus Act
- Payment of Wages Act
- Petroleum Act
- Plastic Waste Management Rules
- Poisons Act – Maharashtra
- POSH
- Prevention of Corruption Act
- Professional Tax Act – Maharashtra
- Public Liability Act – Central
- RBI (LEI for Participation in Non-derivative Markets)
- Shops and Establishments Act – Maharashtra
- Solid Waste Management Rules – Maharashtra
- Static and Mobile Pressure Vessels (Unfired) Rules – Central
- Water Pollution Act – Maharashtra
- Workmen’s Minimum House rent Allowance Act – Maharashtra
CLIENT SPEAKS
GM Finance, (Deepak Novochem Technologies Limited)
“Our overall GCMS Implementation experience was quite good. Lawrbit team has extended full co-operation and support to us and in spite of some hindrance from our side whole implementation process went smooth”