Krystal Targets ₹300–350 Crore Annual Revenue from City Lighting & Urban Infrastructure Business
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Mumbai, 12th August,2026: Krystal Integrated Services Limited (KISL), a well-diversified provider of integrated facility management, staffing solutions, security services, catering and waste management services across India announced that the Company has acquired 100% equity stake in Citelum India Private Limited (“Citelum India”) from its current shareholders including Citelum S.A.S., France. Citelum India will become a wholly owned subsidiary of Krystal Integrated Services Limited.
The acquisition marks Krystal’s entry into the City Lighting & Urban Infrastructure segment and forms part of its strategy to build an engineering-led infrastructure services business. Krystal is targeting annual revenue of ₹300– 350 crore from the new vertical over the next 3–4 years and plans to invest approximately ₹100 crores in engineering capabilities, technology platforms and business expansion. The Company plans to scale its operations across 30–40 cities in 12–15 states, with infrastructure services expected to contribute 12–15% of consolidated revenues.
Strategic Rationale
• This acquisition marks Krystal's entry into city lighting and urban infrastructure services supported by increasing investments in energy-efficient public infrastructure and city development initiatives.
• Integrates Citelum India's expertise in city lighting and urban infrastructure services with Krystal's facility management and technical operations platform.
• Strengthens the Company’s ability to deliver end-to-end infrastructure services particularly for long-term operations and maintenance projects.
• Krystal intends to build on Citelum India's domain expertise and expand the Company's operations across a wider spectrum of electrical infrastructure services including connected lighting, smart metering, EV charging infrastructure and other city-focused electrical solutions.
Management Commentary
Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said,
Krystal Integrated Services Limited took a strategic step toward strengthening its presence in infrastructure-linked services through the acquisition of Citelum India Private Limited, a company operating in the city lighting and urban infrastructure services segment.
Urban infrastructure in India is witnessing growing investment driven by urbanization, increasing focus on energy efficiency and public infrastructure development. As cities increasingly adopt technology-enabled street lighting systems that improve energy efficiency, monitoring and asset management, demand is rising for service providers capable of delivering both installation expertise and long-term operations and maintenance of lighting infrastructure.
Citelum India operates in this segment offering services across the design, engineering, installation and maintenance of street lighting and city lighting infrastructure with extensive experience in delivering connected lighting solutions and managing lighting assets.
The proposed acquisition will enable Krystal to integrate Citelum India’s technical capabilities with its existing operational strengths in integrated services and technical maintenance enhancing its ability to participate in infrastructure-linked opportunities requiring specialized engineering expertise and long-term service delivery.
Citelum India will operate as a wholly owned subsidiary of Krystal Integrated Services Limited, supporting the Company’s strategy of expanding into adjacent infrastructure service verticals and strengthening its positioning in city lighting and urban infrastructure services.
Commenting on the performance, Mr. B Sivakumar, CEO & Director, Citelum India Private Limited, said,
“The acquisition by Krystal Integrated Services Limited marks an important milestone in Citelum India's growth journey. Over the years, we have built strong capabilities in delivering city lighting and urban infrastructure solutions across India and becoming a part of the Krystal Group provides us with an opportunity to further strengthen and scale these capabilities. Krystal's strong operational platform, extensive customer relationships and expertise in infrastructurelinked services complement our technical capabilities, creating a strong foundation for future growth.
We believe this partnership will enable us to pursue larger and more complex opportunities, enhance service delivery and accelerate innovation in sustainable city lighting and urban infrastructure services. Together, we are well positioned to support the growing demand for energy-efficient and technology-enabled infrastructure solutions while creating long-term value for our customers, employees and all stakeholders. We look forward to working closely with the Krystal team and contributing to the Company's long-term growth strategy.
The acquisition also presents an opportunity to create meaningful employment in an era of rapid technological and AIled transformation. As we scale our operations, we see the potential to create over 5,000 skilled and semi-skilled employment opportunities, enabling more people to participate in and benefit from the growth of India’s urban infrastructure ecosystem.’’
About Citelum India Private Limited
Citelum India is a specialized service provider in city lighting and urban infrastructure services across India. The Company specializes in sectors such as municipal infrastructure, smart cities and industrial segments—including municipal bodies, state government entities and corporate clients. The Company offers a comprehensive range of services including energy-efficient street lighting, artistic illumination and the operation and maintenance of urban networks. Additionally, Citelum India has the expertise to integrate services such as video surveillance, traffic management and EV charging infrastructure. Since its inception in 2011, the Company has successfully managed over 3,00,000 lighting points across major projects in states like Gujarat, Uttar Pradesh, MP (Indore) and Chennai.
The Company is also providing services in energy management and advanced mobility infrastructure. The team’s expertise covers Internet of Things (IoT) integration, remote network monitoring, and the implementation of EV charging infrastructure and environmental sensor technologies.
About Krystal Integrated Services Limited:
KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering and waste management across India. The Company specializes in sectors such as healthcare, education, City infrastructure, Waste Management and Manufacturing segment—including state government
entities, Corporate clients, municipal bodies and other government offices—airports, railways, metro infrastructure and retail. The company offers a comprehensive range of integrated facility management services across these varied sectors. Additionally, KISL provides staffing solutions and payroll management, private security and manned guarding services and catering services. Over the fiscal years 2021 to 2026, KISL’s customers have grown to over 570, operating from over 4,000 locations across India.
The Company is also providing services in solid waste management as well as water waste management. The team’s expertise covers bio-mining of legacy waste, Common Effluent Treatment Plants (CETP) and Zero Liquid Discharge (ZLD) technologies.
BSE: 544149; NSE: KRYSTAL Website: www.krystal-group.com
For further information please contact:
Mr. Manishkumar Sangani
Company Secretary & Compliance Officer
Krystal Integrated Services Limited
Email: company.secretary@krystal-group.com
Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to risks and uncertainties like regulatory changes, local political or economic developments and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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