| Fragrance | Customized fragrance formulations for personal care, fabric care, household and fine fragrance segments. | Strong R&D, proprietary molecules, global CDCs, longstanding client relationships, and supply chain integration. | B2B domestic and international FMCG companies, SMEs, retail traders. | Fine fragrances and patented molecule-based products. | 1927 | 90 | Sales through direct contracts with FMCG companies and branded small pack traders. | Direct sales with negotiated contracts; volume and customization based pricing. | Innovation, expanding product portfolio, demand in India and Europe, new CDCs, acquisitions. | SHK, Keva |
| Flavours | Flavour ingredients for bakery, dairy, beverages, pharmaceuticals, savory snacks, and confectionery. | Integrated supply, product customization, acquisition-led portfolio expansion. | Primarily B2B FMCG food processing companies and regional producers. | Specialty natural and herbal extracts. | 185 | 10 | Sales through subsidiaries to food and beverage manufacturers domestically and internationally. | Contract based direct sales and volume discounts. | Domestic demand growth, new product launches, expanded manufacturing capability. | Keva Flavours, Auris |
