Acquisition Details

Krystal Integrated Services Limited has acquired 100% equity stake in Citelum India Private Limited from its current shareholders including Citelum S.A.S., France. Citelum India will become a wholly owned subsidiary of Krystal Integrated Services Limited.

Strategic Rationale and Financial Targets

  • Marks Krystal's entry into the City Lighting & Urban Infrastructure segment
  • Part of strategy to build an engineering-led infrastructure services business
  • Targeting annual revenue of ₹300–350 crore from the new vertical over the next 3–4 years
  • Plans to invest approximately ₹100 crores in engineering capabilities, technology platforms and business expansion
  • Plans to scale operations across 30–40 cities in 12–15 states
  • Infrastructure services expected to contribute 12–15% of consolidated revenues
  • Potential to create over 5,000 skilled and semi-skilled employment opportunities

Management Commentary

Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd:

  • Urban infrastructure in India is witnessing growing investment driven by urbanization, energy efficiency focus, and public infrastructure development
  • Cities are adopting technology-enabled street lighting systems that improve energy efficiency, monitoring and asset management
  • Citelum India offers services across design, engineering, installation and maintenance of street lighting and city lighting infrastructure
  • Acquisition enables integration of Citelum India's technical capabilities with Krystal's existing operational strengths
  • Enhances ability to participate in infrastructure-linked opportunities requiring specialized engineering expertise

Mr. B Sivakumar, CEO & Director, Citelum India Private Limited:

  • Acquisition provides opportunity to strengthen and scale capabilities
  • Krystal's operational platform, customer relationships and infrastructure services expertise complement Citelum's technical capabilities
  • Enables pursuit of larger and more complex opportunities
  • Accelerates innovation in sustainable city lighting and urban infrastructure services

About Citelum India Private Limited

  • Specialized service provider in city lighting and urban infrastructure services across India
  • Specializes in municipal infrastructure, smart cities and industrial segments
  • Clients include municipal bodies, state government entities and corporate clients
  • Services include energy-efficient street lighting, artistic illumination, operation and maintenance of urban networks
  • Expertise in integrating video surveillance, traffic management and EV charging infrastructure
  • Managed over 3,00,000 lighting points across major projects in Gujarat, Uttar Pradesh, MP (Indore) and Chennai
  • Provides services in energy management and advanced mobility infrastructure
  • Expertise covers IoT integration, remote network monitoring, EV charging infrastructure and environmental sensor technologies
  • Established in 2011

About Krystal Integrated Services Limited

  • Well-diversified provider of integrated facility management, staffing solutions, security services, catering and waste management services
  • Specializes in healthcare, education, city infrastructure, waste management and manufacturing segments
  • Clients include state government entities, corporate clients, municipal bodies, government offices, airports, railways, metro infrastructure and retail
  • Offers comprehensive range of integrated facility management services
  • Provides staffing solutions and payroll management, private security and manned guarding services, and catering services
  • Over 570 customers operating from over 4,000 locations across India (FY2021 to FY2026)
  • Provides services in solid waste management and water waste management
  • Expertise covers bio-mining of legacy waste, Common Effluent Treatment Plants (CETP) and Zero Liquid Discharge (ZLD) technologies