What we do S H Kelkar & Company Ltd manufactures and exports fragrances and flavour ingredients catering to the food, beverage, personal care, and household industries globally. |
Founded in 1,955 |
Market share Largest Indian-origin fragrance and flavour company with strong presence in India and growing footprint in Europe, USA, and Asia. |
Problem solved Provides innovative and customized fragrance and flavour solutions to FMCG and other industries to enhance product appeal and consumer experience. |
Top clients or who we serve Serves national and multinational FMCG companies, fragrance blenders and producers, retail traders; primarily B2B customers across multiple regions. |
Key management Kedar Vaze (Whole-time Director & Group CEO) with experienced global leadership team driving innovation and expansion. |
Our journey and innovations Over 100 years of legacy, global acquisitions, new product developments, multiple international R&D centers, and patented molecules. |
Where we operate India, Europe, United States, China, Indonesia and other international markets through subsidiaries and offices. |
Top products or what we offer Customized fragrances, fine fragrances, flavours for food and beverages, branded small packs targeting diverse FMCG applications. |
Top brands SHK, Keva, Cobra - iconic Indian brands with pan-India reach and growing global presence; trusted by leading FMCG firms. |
Raw materials needed Crude oil derivatives, turpentine, citrus oils, natural extracts; over 1500 ingredients sourced globally and in-house. |
Raw materials supplier Suppliers from Indonesia, Germany, Brazil, China, United States; 262 domestic Indian suppliers; long-term partnerships. |
Recurring vs cyclical contribution Revenue primarily recurring from long-term supply contracts and customized solutions across segments. |
Our industry position Among top Indian players, competes with global MNCs, strong foothold in Indian market and expanding internationally. |
Financial highlights FY25 consolidated revenue ₹2,141 crores with PAT ₹73 crores; steady 10% revenue CAGR over 5 years; gross margin ~43%, EBITDA margin ~14%. |
Geographical revenue split India (~57%), Europe (~23%), Others (~20%) as per FY25 data. |
Order book - |
Whats driving growth Demand growth in domestic and international FMCG, innovation, acquisitions, expanded R&D footprint, and upgraded manufacturing. |
Our future plans Expanding global CDC network, increasing manufacturing efficiency, targeted acquisitions in Europe, new product launches in fine fragrances. |
Our green promise ISO 14001 and OHSAS 45001 certified facilities; solar energy, rainwater harvesting, zero liquid discharge, and carbon emission reduction efforts. |
Our people and values Diverse, inclusive global workforce; culture of innovation and safety; continuous learning and development focus. |
Key challenges ahead Managing raw material volatility, global supply chain risks, competition from multinationals, and regulatory compliance. |
Interesting facts Operates 10 global creation & development centers; owns 20+ patent applications; first Indian F&F firm listed on Indian stock exchanges. |
Risks and strategy Mitigates risks via diversified sourcing, strong governance, R&D innovation, strategic acquisitions, and geographic diversification. |
