S H Kelkar and Company develops and manufactures aroma ingredients and flavors.
Founded in 1922 through the merger of S.H. Kelkar & Co and Saraswati Chemical Works, S H Kelkar and Company is based in Mumbai, India. It makes flavors and aroma ingredients for skincare, cosmetics, household, haircare, fabric care, and personal care products, and offers biotechnology research and cosmetic ingredient testing. In November 2021, Firmenich acquired a 10% minority stake for INR 2.42 billion, equivalent to approximately 14 million shares at INR 173. In fiscal 2021, revenue was INR 7.61 billion and profit was INR 797.1 million.
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