Keva Flavours Private Limited

Keva Flavours Private Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U15134MH1980PTC023361 Incorporated 29 October 1980 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company food and beverages MSME · Medium
Data last updated
Revenue · FY 2025
₹419.78 Cr
▲ 35% YoY
Net profit · FY 2025
₹53.65 Cr
Net margin 12.8%
EBITDA · FY 2025
₹80.67 Cr
EBITDA margin 19.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹21.6 Lakh
Issued & subscribed
Open charges
₹20 Cr
Secured borrowings
Company age
46 yrs
Est. 1980
Employees · EPFO
108
Provident fund records

About Keva Flavours Private Limited

Data last updated:

Keva Flavours Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of S H Kelkar And Company Limited. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 29 October 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15134MH1980PTC023361. Its GSTIN is 27AAACK0374N1ZC (Maharashtra). The company holds 6 GST registrations, of which 5 are active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹21.6 Lakh. It is led by directors including Nihar Sandeep Nene (Whole-Time Director) and Amit Gulati.

Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Devkaran Mansion 36 Mangaldas Rd, Mumbai, Maharashtra, India – 400002.

As per the financials filed for FY 2025, the company reported a revenue of ₹419.78 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹53.65 Cr (net margin 12.8%) and EBITDA of ₹80.67 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 25% over five years.

The company has about 108 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Keva Flavours. As per MCA filings, the company has open charges of ₹20 Cr on record. Court records list 28 cases involving the company, including 21 filed by the company and 7 filed against it; 14 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2019. Its 4 peer companies in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 2 smaller; the largest is Symega Food Ingredients Limited with revenue of ₹576.2 Cr. The company has 28 MSME Form 1 returns on record between 2018 and 2024, listing 471 overdue payments to 77 micro and small suppliers.

Keva Flavours Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0014571). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kevaflavours.com.

Company details

CIN U15134MH1980PTC023361
Registration Number 023361
Incorporation Date 29 October 1980
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2025
Parent Company S H Kelkar And Company Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0014571
Key People
Nihar Sandeep Nene Whole-Time Director Amit Gulati Director Ramesh Vinayak Vaze Director

Recognitions & Rankings of Keva Flavours

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0014571

Contact details

Keva Flavours Private Limited's registered office is in Mumbai, Maharashtra. Its website is kevaflavours.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    kevaflavours.com
  • Social Media
  • Registered Address
    Devkaran Mansion 36 Mangaldas Rd, Mumbai, Maharashtra, India – 400002
  • Industry
    Food and Beverages, Flavouring & Seasoning Additives

To see the full contact details of Keva Flavours Private Limited, buy the company report.

Comprehensive company report
Keva Flavours Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Keva Flavours operates one associated brand: Keva Flavours. Each brand links to its own profile.

BrandDescriptionWebsite
Keva Flavours
Flavours manufacturing for food, beverages, and pharmaceuticals in India.kevaflavours.com

Business activity

The main business activity of Keva Flavours is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Keva Flavours Private Limited, buy the company report.

Financials of Keva Flavours Private Limited

FY 2025 filings available

Keva Flavours Private Limited reported revenue of ₹419.78 Cr (up 35% YoY) for FY 2025.

Revenue · FY 2025
₹419.78 Cr ▲ 35%
Net profit · FY 2025
₹53.65 Cr margin 12.8%
EBITDA · FY 2025
₹80.67 Cr margin 19.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 30%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 116%
3 years · compounded
▲ 50%
5 years · compounded
▲ 59%

Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 35% growth in the latest year. EBITDA rose 116% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹80.67 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹53.65 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin19.2%
Net Profit Margin12.8%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Keva Flavours Private Limited, buy the company report.

Board of directors of Keva Flavours Private Limited

Keva Flavours has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nihar Sandeep Nene
Also directs: Amikeva Private Limited
Whole-Time Director15 Sep 20224 Years 1 MonthsCurrent
Amit Gulati
Also directs: Keva Fragrances Private Limited
Director13 Nov 20241 Years 11 MonthsCurrent
Ramesh Vinayak Vaze
Also directs: Sandu Homes LLP, KNP Labs LLP, S H Kelkar and Company Limited and 5 more
Director27 Aug 201016 Years 2 MonthsCurrent
Prabha Ramesh Vaze
Also directs: S H Kelkar and Company Limited, Keva Biotech Private Limited, Keva Fragrances Private Limited and 5 more
Director29 Oct 198046 Years 0 MonthsCurrent
Kedar Ramesh Vaze
Also directs: Sandu Homes LLP, KNP Labs LLP, S H Kelkar and Company Limited and 5 more
Director26 Aug 200620 Years 2 MonthsCurrent
View all directors

Peer comparison

Keva Flavours Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Symega Food Ingredients Limited₹576.2 Cr (FY 2025)15.0%Vadavucode, Kerala, India
VKL Seasoning Private Limited₹553.22 Cr (FY 2025)21.0%Navi Mumbai, Maharashtra, India
Keva Flavours Private Limitedthis company₹419.78 Cr (FY 2025)₹53.65 Cr12.8%35.0%108Mumbai, Maharashtra, India
DP Cocoa Private Limited₹306.99 Cr (FY 2025)1006.0%Hyderabad, Telangana, India
Food Service (India) Private Limited₹240.12 Cr (FY 2024)17.0%Mumbai, Maharashtra, India

To see the full peer comparison of Keva Flavours Private Limited, buy the company report.

Auditor

Keva Flavours Private Limited is audited by BATLIBOI & PUROHIT for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BATLIBOI & PUROHITFY 2023101048W

Shareholding

The shareholding of Keva Flavours Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Keva Flavours Private Limited, buy the company report.

Charges & borrowings

Open charges
₹20 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹10.00 Cr
Hdfc Bank Limited₹10.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Jul 2024100962852Others₹10 CrOpen
06 Dec 2016100075765Hdfc Bank Limited₹10 CrOpen

To see the full charge records of Keva Flavours Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Keva Flavours Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2019.

Total deals
2
Rights issue
1
Secondary share transfer
1

Deals on record (2 of 2)

WhenDealAmountParties
Apr 2019Rights issue₹25.09 CrInvestors: S H Kelkar and Company Limited
Sep 2010Secondary share transferUndisclosedBuyer: S H Kelkar and Company Limited
Seller: Ramesh V Vaze Huf, 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Keva Flavours Private Limited has 28 MSME Form 1 returns on record between 2018 and 2024, listing 471 overdue payments to 77 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 77)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Chromatopak Analytical Instrumentation (India) Pvt Ltd
Jay Instruments and Systems Private Limited

To see the full MSME payment records of Keva Flavours Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Keva Flavours has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Nutaste Food and Drink Labs Private LimitedU51109DL2006FTC151445

To see the full group structure of Keva Flavours Private Limited, buy the company report.

Employees & EPFO

Keva Flavours Private Limited has a workforce of 108 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
108
Active EPFO establishments
1
Employee growth
27.06%

GST

Keva Flavours has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
6
Active
5
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACK0374N1ZCMaharashtraActive01 Jul 2017
27AAACK0374N2ZBMaharashtraActive31 Mar 2025
27AAACK0374N3ZAMaharashtraActive02 May 2025
07AAACK0374N1ZEDelhiActive12 Mar 2018

To see the full GST registrations and return filing status of Keva Flavours Private Limited, buy the company report.

Recent activity

Keva Flavours Private Limited has 13 board changes on record since 1980: 5 appointments and 8 cessations. The latest: Amit Gulati ceased to be Additional Director on 10 Aug 2025.

AGM
Keva Flavours Private Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Ceased
Amit Gulati ceased to be Additional Director.
Filing
Keva Flavours Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Amit Gulati was appointed as Director.
Ceased
Dhiren Suresh Kanwar ceased to be CEO.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100962852 was registered on 26 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 1,000.00 Lakh registered on 06 Dec 2016 with Charge ID 100075765 was modified on 28 Mar 2024.
Ceased
Nihar Sandeep Nene ceased to be Additional Director.
Appointed
Nihar Sandeep Nene was appointed as Whole-Time Director.
Ceased
Anurag Yadava ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 100075765 was registered on 06 Dec 2016.
Ceased
Ramesh Vinayak Vaze ceased to be Additional Director.

7 earlier events are in the company report.

News

APG hikes stake in SH Kelkar
05 Dec 2018 · Udaipurkiran

Frequently asked questions

Keva Flavours is an active private limited company based in Mumbai, Maharashtra, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 29 October 1980 (46+ years old) and is registered under CIN U15134MH1980PTC023361.

Keva Flavours has 5 current directors:

The latest financial statements of Keva Flavours on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Keva Flavours is 27AAACK0374N1ZC, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACK0374N2ZB (Maharashtra), 27AAACK0374N3ZA (Maharashtra), 07AAACK0374N1ZE (Delhi).

The CIN (Corporate Identification Number) of Keva Flavours is U15134MH1980PTC023361. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Keva Flavours has 28 court cases on record: 21 filed by the company and 7 filed against it. 14 are pending. Most are in the high courts.

Keva Flavours was incorporated on 29 October 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.

Keva Flavours has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2019.

The peers of Keva Flavours by revenue are Symega Food Ingredients Limited, VKL Seasoning Private Limited, DP Cocoa Private Limited, Food Service (India) Private Limited, all in the Food and Beverages industry (Flavouring and Seasoning Additives), with the same principal business activity (food, beverages and tobacco products).

Amit Gulati ceased to be Additional Director on 10 Aug 2025. Amit Gulati was appointed as Director on 13 Nov 2024. Dhiren Suresh Kanwar ceased to be CEO on 16 Oct 2024. Keva Flavours has 13 board changes on record in total.

Yes, Keva Flavours is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0014571).

Keva Flavours has 28 MSME Form 1 returns on record between 2018 and 2024, listing 471 overdue payments to 77 micro and small suppliers. The latest return was filed on 25 Apr 2024.