Web interface to investors of

About Deepak Fertilizers and Petrochemicals:

   Deepak Fertilizers and Petrochemicals Corpn. Ltd. is a publicly listed chemicals company. It is the largest Indian manufacturer of ammonium nitrate and is a leading manufacturer of industrial chemicals including methanol, nitric acid, carbon dioxide. Today Deepak group has a multi-product portfolio consisting of chemicals, petrochemicals, fertilisers and other agri-inputs.

Situation:

    The ‘unpaid interest / dividend warrants web application’ was designed for the customer facing Shares department of Deepak. Their idea was to enable the lakhs of investors to be able to keep track of dividends / interests esp. the ones remaining unpaid due to technical reasons such as change in address, warrant not deposited etc. .

    Currently for any unpaid warrants, the Investor (share holder) sends the application for issue of fresh warrant to the shares department. The shares department has to reply back if there is any mistake in dividend/ interest numbers again by post. The whole process is done manually and becomes a little tesious apart from being time consuming.

    Deepak Fertilizers and Petrochemicals Corpn. Ltd. desired to enable their investors to view the information about unpaid warrants for their particular investment from the web-site and take suitable actions.

Solution:

    To provide this functionality, Zestorm was awarded the assignment to design and implement a software solution for a transparent, scaleable, user-friendly web – based application system. The solution has a data management module which the administrator of shares department uses to upload fresh data of the unpaid interest / dividend warrants on their website www.deepakgroup.com. This will allow the shareholders to view the list of unpaid interest / dividend warrants due after proper authentication. Shareholders can either send any queries they have via e-mail and if they can take a print out of a dynamically generated indemnity bond for duplicate interest warrant for the same. 

Key benefits:

The benefits of this solution to all the parties involved were immense.

Web-site module – (for end user(Investor) of the organization ):
This module enables the investor to View / Print his list of unpaid warrants for interest / dividend after authenticating with his folio number and Name as printed on Warrant.

• print his application for unpaid warrants in the form of an indemnity bond with accurate and authentic dividend and interest numbers.
• print ECS mandate
• print change of address mandate
• e-mail other queries to Deepak group - shares department.

Data management module ( Administrative page for the organization ):
An administrative page provides functionality to update the records of dividends and interests for each of the investors. On periodic basis, the database on the website for unpaid interest / dividends can be maintained in 3 ways.

• Delete data (conditional)
• Replace web data with fresh data from shares back office software
• Update batch for the status of the warrants.

The Zestorm advantage:

Zestorm delivered the required results in a period of two months meeting deadlines precisely. Zestorm demonstrated their keen understanding of requirements and gave a solution which takes care of security of the sensitive nature of the financial data being handled.

Deepak Fertilisers and Petrochemicals Corporation Ltd. is proud to be giving such a friendly option of its investors, which is probably the one of its kind anywhere in the India.