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S H Kelkar & Company Ltd. Company History and Annual Growth Details

The Company was incorporated as S.H. Kelkar & Co. Limited on July 1, 1955 at Mumbai under the Companies Act, 1913. the Company, upon incorporation, took over businesses carried on by Mr. V.G. Vaze as a sole proprietor of M/s S.H. Kelkar & Co and in partnership by the firm M/s Saraswati Chemical Works. The word ÂprivateÂ was added to the name of the Company under section 43A (2A) of the Companies Act, 1956 on May 18, 2001. The name of the Company was changed to S H Kelkar and Company Limited pursuant to conversion of the status of the Company to a public limited company and a fresh certificate of incorporation consequent to change of name dated March 5, 2015 was issued by the RoC. the Company was founded by Mr. V.G. Vaze who had three sons, G.D. Kelkar, Suresh Vaze, and the Promoter Ramesh Vaze. On account of certain disputes which led to petitions being filed before the Company Law Board, Principal Bench at New Delhi (ÂCompany Law BoardÂ), the three sons and their respective families executed a memorandum recording a family settlement on November 18, 2009 as amended by an addendum dated July 12, 2010 (the ÂFamily SettlementÂ). The Family Settlement contained the terms and conditions on which G.D. Kelkar and Suresh Vaze and their respective families exited from the Company and its subsidiaries (the ÂKelkar GroupÂ). In accordance with the terms of the Family Settlement, the control and management of the Kelkar
Group vests with the Promoter Ramesh Vaze and his family. Accordingly, as on date, no member of G.D. KelkarÂs family or Suresh VazeÂs family holds any stake or otherwise has interest in the Kelkar Group. The terms of the agreements between the family groups was recorded in the orders of the Company Law Board dated March 10, 2009 and November 2, 2009.

Major events and milestones of the Company :

1955

-Incorporation of the Company and taking over, as a going concern, the business of the sole
properitorship S.H Kelkar & Co and Saraswati Chemical Works, together with their assets and
liabilities.

1979

-Establishment of the manufacturing unit at Vapi

1984

-Establishment of the export oriented unit as Keva Fragrances Private Limited, the wholly-owned Subsidiary.

2007

-Commissioning of the manufacturing unit at Vashivali

2010

-Investment by Wayzata II Indian Ocean Limited, a private equity firm.

2011

-Acquisition of PFW Aroma Ingredients B.V., the Subsidiary in Netherlands, which added one
manufacturing facility with two production plants and a research centre to the operations.

-Approval of the merger of Tridhaatu Estates Private Limited and Amerigo Holdings and
Investment Private Limited with the Company

2012

-Investment by Blackstone Capital Partners (Singapore) VI FDI Two Pte. Ltd. and Blackstone
Family Investment Partnership (Singapore) VI-ESC FDI Two Pte. Ltd.

2013

-Investment in setting up a Multi-Purpose Plant (MPP) at Vapi to manufacture fragrance ingredients

2014

-Incorporation of PT SHKKeva Indonesia, as a step down subsidiary. PT SHKKeva Indonesia is engaged in the business of trading and distribution of cosmetic goods (perfumes, soaps, powders etc.).

-Received the ÂBest Performance in QualityÂ award at Marico Samyut, 2014 and the ÂLearning
and Development - Diversity AwardÂ at the National Learning and Development League
Conference in 2014

2015

-Received the award for ÂBest HR Strategy In Line with businessÂ at the Global HR Excellence
Awards

-Received the award for ÂDream Companies to Work For (Manufacturing)Â at the Dream
Companies to Work For Awards.

-Received the certification of registration of quality management system by NQA against the
provisions of BS EN ISO 9001:2008.

2016
-S H Kelkar acquires 100 per cent stake in Rasiklal Hemani Agencies Pvt Ltd (RHAPL) in a deal worth Rs 28.17 crore.

2017
-Acquisition of Fragrance Encapsulation Technology from Tanishka Fragrance Encapsulation Technologies LLP.

2018
-S H Kelkar and Company Limited Acquisition of 51% of Creative Flavours and Fragrances S.p.A.

2023

-S H kelkar acquired 100% stake in PFW Aroma Ingredients B.V from Keva UK.

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