Krystal Integrated Services Limited Acquires 100% Stake in Citelum India from EDF Group; Targets ₹350 Crore Revenue from City Infrastructure Segment
Mumbai, August 12, 2026: Krystal Integrated Services Limited (KISL), a diversified provider of integrated facility management and ancillary services across India, announced that it has acquired a 100% equity stake in Citelum India Private Limited. The company acquired the stake from its current shareholders, including Citelum S.A.S., France. Citelum India will henceforth operate as a wholly owned subsidiary of KISL.This acquisition marks Krystal's strategic entry into the City Lighting and Urban Infrastructure segment, forming part of its broader goal to build an engineering-led infrastructure services business. KISL has set ambitious targets for this new vertical, aiming for annual revenue between ₹300 crore and ₹350 crore over the next three to four years. The company plans to allocate approximately ₹100 crore toward expanding engineering capabilities, technology platforms, and overall business expansion within this domain.
The strategic integration of Citelum India’s expertise with KISL’s existing operational platform is designed to strengthen the group's ability to deliver end-to-end infrastructure services, particularly those requiring long-term operations and maintenance projects. Krystal intends to scale its operations across 30 to 40 cities in 12 to 15 states, with infrastructure services projected to contribute between 12% and 15% of consolidated revenues.
Strategic Alignment and Expertise
The acquisition integrates Citelum India’s established domain expertise into the broader portfolio of KISL, enhancing the company’s offerings across varied industrial and municipal segments. Citelum India specializes in city lighting and urban infrastructure services for municipal bodies, state government entities, and corporate clients. Services offered include energy efficient street lighting, artistic illumination, and the operation and maintenance of urban networks.Furthermore, Citelum India holds specialized capabilities in smart cities initiatives, including video surveillance, traffic management, EV charging infrastructure integration, and advanced mobility solutions. Since its inception in 2011, the company has successfully managed over 3,00,000 lighting points across major projects spanning Gujarat, Uttar Pradesh, Madhya Pradesh (Indore), and Chennai.
KISL, meanwhile, maintains a diverse operational footprint, specializing in integrated facility management services such as security, staffing solutions, catering, and waste management across healthcare, education, manufacturing, and city infrastructure sectors. The company operates from over 4,000 locations nationwide, serving more than 570 customers since 2021.
Management Commentary
Mr. Sanjay Dighe, CEO and Whole Time Director of Krystal Integrated Services Ltd., commented that the acquisition represents a strategic move to strengthen KISL's presence in infrastructure-linked services. He noted that growing investment in energy efficient public infrastructure across India is driving demand for service providers capable of both installation expertise and long-term operations and maintenance of technology enabled street lighting systems.Mr. B Sivakumar, CEO and Director of Citelum India Private Limited, stated that the acquisition by Krystal Integrated Services Limited offers a significant opportunity to scale up and strengthen Citelum India's capabilities in sustainable city lighting. He added that the partnership with KISL’s operational platform and extensive customer relationships will allow us to pursue larger and more complex opportunities.
Mr. Sivakumar also highlighted the potential for growth, noting that as operations are scaled, there is potential to create over 5,000 skilled and semi-skilled employment opportunities within India's urban infrastructure ecosystem.
KRYSTAL Stock Price Movement
As of 10:18 AM, shares of Krystal Integrated Services Limited are slipping in live trading, currently at ₹623.70 after shedding ₹2.25, representing a 0.36% decline this session. Trading activity continues with 12,364 shares transacted as the stock trades lower into the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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