Mr. Rishabh C. Kothari takes over as President of FAFAI
The Fragrances and Flavours Association of India (FAFAI) has elected Mr. Rishabh C. Kothari, CEO of CKC Fragrances, Kolkata as its President for the years 2019-21, after the conclusion of its 70th Annual General Meeting on July 10, 2019 at Mumbai.
With this coveted industry acknowledgement, Mr. Kothari will be working with Government and business leaders towards spearheading the Industry’s growth and development. He was previously Vice President, FAFAI.
Established 7 decades ago in 1949, FAFAI has more than 800 members across the country, and is the apex body for all trade and industry in the field of Fragrances, Flavours, Aroma chemicals, Natural Oils and its ancillaries and the flag-bearer of the country in all related international forums.
Fragrances and Flavours are not only critical and key differentiators in almost all applications that they are used, but increasingly, also the ambassador of Indian taste, culture and ethos in products being sold both in India and globally.
From being an import dependent industry a few decades ago, India today has emerged as a global powerhouse in the field of fragrances and flavours and their ingredients, including synthetic aroma and flavor chemicals, natural essential oils, spice oils and mints. As per data collated by the Export Promotion Council CHEMEXCIL, Indian Exports clocked a growth of 63.74% in terms of volume and 53% in terms of value between the years 2016-17 and 2018-19 demonstrating the growth and potential of the industry.
Speaking on the occasion, Mr. Kothari said that he was both humbled and honored to assume to the role of the President of this prestigious organization and was confident that with his team he shall be able to steer the industry towards greater progress.
Mr. Kothari is a second generation entrepreneur and as CEO of CKC Fragrances, his craft is an interesting mix of science and creativity which extends to his interests and personality as well. He is very active in social as well as industry bodies and forums including being a Member of the National MSME Board of the Government of India as well as MSME Chair of the business Chamber MCCI. Apart from being an entrepreneur by profession, he is a Heartfulness Meditation Trainer by passion and contributes to the Heartfulness Meditation organisation in various capacities.
In addition, Mr. Kedar Ramesh Vaze, C.E.O. of S. H. Kelkar & Co. Ltd., Mumbai was elected Vice President of FAFAI at the same meeting.
The other office bearers who assumed office in the Meeting were –
Mr. Shyam Prabhu – Hon. Secretary
Mr. Sanjay Harlalka – Hon. Joint Secretary
Mr. Hitesh Mehta – Hon. Treasurer