About S H Kelkar and Company Limited

S H Kelkar and Company Limited is India’s largest home-grown Fragrances & Flavours company, with over a century of expertise in fragrance and flavour creation. Incorporated on July 1, 1955, it commenced commercial production in the same year, and is engaged in manufacturing, supplying and exporting fragrances, flavours and aroma ingredients for consumer products and food categories . Its fragrance ingredients are used in personal wash, fabric care, skincare, haircare, fine fragrances and household products, while flavour ingredients serve baked goods, dairy, beverages and pharmaceuticals.

The Company serves customers across India and internationally through subsidiaries. In India, it covers 28 states and 8 Union Territories; internationally, its operations span 11 countries via subsidiaries . As per the Annual Report, SHK has 15 subsidiaries (domestic and overseas) and one associate company, enabling a presence across Europe, the UK, Indonesia, China, the Netherlands, Italy, the USA and Germany . Key milestones include its incorporation and production start in 1955, and the ongoing expansion of its global footprint through subsidiaries and facilities.

S H Kelkar and Company Limited Business Segments

• Segment mix (FY 2024-25): Fragrances 91.3%; Flavours 8.8% (derived from consolidated segment revenue).
• Geography mix (FY 2024-25): Domestic 57.8%; International 42.2% (derived from consolidated geographic revenue; International comprises Europe and Others).

S H Kelkar and Company Limited Key Management

• Ramesh Vaze – Director & Chairman.
• Kedar Vaze – Whole-time Director & Group CEO.
• Rohit Saraogi – Group Chief Financial Officer.
• Deepti Chandratre – Global Legal Counsel & Company Secretary.

Latest Updates on S H Kelkar and Company Limited

• Business continuity after an extraordinary fire at the Vashivali facility in FY 2024-25: the Company ensured supplies without losing major orders and is reinstating the Vashivali site; it is also setting up a new facility at Vanavate, expected to be operational in FY 2025-26. The Business Continuity Plan included shifting production to alternate sites and ramping up capacity at the newly commissioned Indonesia facility to maintain service levels.
• Strategic capex: planned investment of Rs 200 crore over FY 2025-26 towards reinstatement of Vashivali, the Vanavate facility and capacity expansion in the Netherlands, to be funded through internal accruals and insurance claims.
• Capability expansion: the Company initiated a new Creative Development Centre in the UK to strengthen long-term opportunities and global customer engagement.
• Portfolio moves: Keva Germany GmbH became a wholly owned subsidiary of Keva Europe B.V. on May 07, 2024; NuTaste Food and Drink Labs Private Limited ceased to be a subsidiary and became an associate with effect from June 25, 2024 .
• Market performance highlights: Directors reported steady growth in FY 2024-25, with sustained demand in India for both Fragrance and Flavour divisions and continued momentum in core European markets.