S.H. Kelkar & Co Ltd. is a holding company, which engages in the manufacture and sale of fragrances and flavours. It operates through two segments: Fragrance and Flavour. The Fragrance segment sells fragrances and aroma ingredients as a raw material in personal wash fabric care, skin and hair care, air care, fine fragrances, and household products. The Flavour segment focuses on flavours that are used as a raw materials by producers of baked goods, dairy products, confectionery, savoury, beverages, and pharmaceutical products. The company was founded by V. G. Vaze in 1922 and is headquartered in Mumbai, India.