S H Kelkar and Company Limited
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S H Kelkar and Company Limited - overview
Established
1922
Location
Mumbai, Maharashtra, India
Primary Industry
Consumer Products
About
Based in Maharashtra, India, and founded in 1922 by the merger of S. H. Kelkar & Co and Saraswati Chemical Works, S H Kelkar and Company Limited, operates as a developer and manufacturer of aroma ingredients. In November 2021, Firmenich acquired a 10% minority stake in S H Kelkar and Company Limited for INR 2.
42 billion, equivalent to approximately 14 million shares for INR 173. The company's portfolio includes subsidiaries like Keva Fragrances Private Limited, Keva Flavours Private Limited, Keva UK Limited, and many more. As of 2022, Kedar Vaze acts as the CEO of the company. The company offers flavors and aroma ingredients that are used in skincare and cosmetics, household, haircare, fabric care, and personal care.
The company also offers biotechnology research and cosmetic ingredient testing services through its scientific research center (SRC). For the fiscal year 2021, the company earned INR 7. 61 billion in revenue and INR 797. 1 million in profit.
Primary Industry
Consumer Products
Sub Industries
Beauty & Hygiene, Biotechnology, Chemicals
Website
www.keva.co.in
Verticals
Manufacturing, Research (Non-Medical)
Company Stage
Acquired
Total Amount Raised
Subscriber access only
S H Kelkar and Company Limited - timeline of key events
S H Kelkar and Company Limited - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,228,400,000 | 10,598,200,000 | 10,430,400,000 | 10,436,000,000 | 11,142,300,000 | 13,219,500,000 | - | - | - |
| % Revenue Growth (YoY) | - | 14.8% | (1.6%) | 0.1% | 6.8% | 18.6% | - | - | - |
| EBITDA (USD) | 1,630,700,000 | 1,740,400,000 | 1,698,100,000 | 1,596,000,000 | 1,291,500,000 | 2,707,900,000 | - | - | - |
| Operating Income (USD) | 1,336,600,000 | 1,546,000,000 | 1,459,700,000 | 1,284,500,000 | 776,500,000 | 2,092,800,000 | - | - | - |
| Operating Margin | 14.5% | 14.6% | 14.0% | 12.3% | 7.0% | 15.8% | - | - | - |
| % EBITDA Margin | 17.7% | 16.4% | 16.3% | 15.3% | 11.6% | 20.5% | - | - | - |
| NET Income (USD) | 802,100,000 | 1,048,200,000 | 941,900,000 | 882,500,000 | 358,600,000 | 1,439,800,000 | - | - | - |
| % Net Margin | 8.7% | 9.9% | 9.0% | 8.5% | 3.2% | 10.9% | - | - | - |
S H Kelkar and Company Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | S H Kelkar and Company Limited | - | ||||||||
| Add-on | Completed | Creative Flavours and Fragrances S.p.A. | - | ||||||||
| Add-on | Completed | VN Creative Chemicals Pvt. Ltd | - | ||||||||
| Private Placement/Follow on | Completed | S H Kelkar and Company Limited | - | ||||||||
| Private Placement/Follow on | Completed | S H Kelkar and Company Limited | - |
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S H Kelkar and Company Limited - employee data
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